Riccardo Spagni was one of the developers of Monero but the story goes that seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. Monero’s whitepaper was published on December 12, 2012, about three years after Bitcoin’s genesis block and the author of the whitepaper is Nicolas van Saberhagen. As you might guess, this is also a pseudonym, so no one knows who created Monero but there have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin. XMR goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.