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Waku v1 was a fork of Whisper with some added tweaks for efficiency. Waku v2 is a completely redesigned suite of protocols designed to address the goals set out previously.
2013
Ethereum White Paper was introduced with the Holy Trinity, consisting of Ethereum for consensus, Swarm for decentralized storage, and Whisper for p2p messaging.
2015-2018
R&D of Whisper was slow to follow progress of the Ethereum EVM and Swarm without a dedicated team building out the protocol.
2018
With little progress made on Whisper and significant scalability concerns growing, Vac was formed to conduct R&D on more scalable p2p messaging.
2020
Waku v1 was introduced as the messaging protocol in Status, replacing Whisper.
2021
Waku v2 replaces Waku v1.