Monero is another example of an open source cryptocurrency. It first launched in April 2014. It is one of the few virtual currencies not to be derived from Bitcoin. Instead, it is derived from CryptoNote.
It currently has a market cap reaching $600,000,000, and this puts it in sixth position of the most-traded virtual currencies around today. It offers users privacy and was originally known as BitMonero, but this lasted for just a few days before users asked for it to be shortened.
