XenForo, the new forum software, was actually developed by the same team responsible for the forum software used here which is vBulletin.
It's been around for about a decade, so not exactly new. But it is largely based on the forum format used here.
The biggest difference is that XenForo is more tailored towards mobile devices, while vBulletin has an interface that is PC based.
The name (Xen) also implies it's underlying architecture helps to run the software better on open source virtualization platforms like XenServer. Virtualization made a huge leap the last decade.
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