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Monero, launched in 2014 as a fork of Bitcoin, was explicitly designed with the primary goal of user privacy in mind. The very name "Monero" translates to "coin" in Esperanto, underscoring its aspiration to be a universal private currency. Unlike many cryptocurrencies—Bitcoin in particular—that operate on a transparent ledger where anyone can view transactions, Monero employs advanced cryptographic techniques to obscure transaction details, including the amount sent and the identities of the sender and receiver.