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Being the fork of Bytecoin, it is surprising for me to see that Monero was able to achieve a way higher popularity and adoption (Litecoin is doing great, but still far far away from Bitcoin).

So what kind of features allowed Monero to rise to the top or where Bytecoin screwed up and lost the advantage of being first (this looks like a reason) ?

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    My understanding is that Litecoin did much better than Tenebrix, which is what it forked from. – user36303 Sep 2 '17 at 11:32
  • @user36303 are you sure that Litecoin is a fork of Tenebrix? Everywhere I read, it was said that it is a fork of Bitcoin – Salvador Dali Sep 2 '17 at 19:34
  • I am not 100% sure. However, mapofcoins.com/bitcoin also shows this. I've just checked the litecoin git tree and see no evidence of this. – user36303 Sep 3 '17 at 8:50
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Bytecoin was a novel tech in 2014 but it had a shady launch. People were interested in the tech and wanted a clean slate so Bitmonero was launched, and it grew naturally. But even that didn't go without humps, and the project was forked away from the original dev.

There are many CryptoNote cryptocurrencies, but Monero became the biggest thanks to the strong community which formed around it, who had to deal with a lot of problems. During the years, the codebase slowly diverged from CN so much it's not recognizeable anymore. Just compare the options in the CLI wallet between Monero and any other CN-clone :)

It's worth noting that original Bytecoin miner was crippled, and it was exposed in part thanks to Monero.

In the early days, there was aslo a rather sophisticated attack on the network which was dealt with.

For most of the time, there was even no GUI, but devs were busy making things "under the hood" work better. One of the coolest things was migration to LMDB for blockchain storage (and recently also for TX-pool).

At the end, all these hurdles only served to strengthen the community.

Finally, Ring CT became a reality in Jan 2017, and now it's the main thing which separates Monero from the rest.

So, I'd say it's the people which make all the difference. People who care more about the project than their speculative gains.

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I'd say ...

  1. A hard-working team of dedicated and skilled developers delivering working software while others just talk
  2. Developers who actively support the community on social media (here, reddit and github)
  3. Advanced privacy and confidentiality features (RingCT)
  4. Low inflation
  • Can you please expand why low inflation is really important. Just you allow miners to get 0.3 monero indefinitely, but it does not sound to me like such a big deal. Also LTC had a lot of advantages over BTC but was not able to overcome it. – Salvador Dali Sep 2 '17 at 10:16

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