Monero, the popular privacy-focused cryptocurrency protocol, is preparing for a major network upgrade this weekend (targeted for Saturday, August 13). Monero, whose native token is monero (XMR), is an open-source project that launched in 2014 as “Bitmonero.” It claims XMR is a secure, private and untraceable cryptocurrency that keeps financial transactions confidential.
The upgrade will be implemented via a hard fork – a permanent change to the blockchain that isn’t backwards-compatible (nodes either accept the change or split off onto a separate blockchain).
“Upgrade your software today to Monero v0.18,” said one Monero developer in an interview with CoinDesk on Friday. He added that users should familiarize themselves with the Monero blog post published in April that explains the upgrade in detail.
Monero uses innovative cryptography to offer a high level of privacy and security to its users. Some of the cryptocurrency’s key features include:
Ring signatures: digital signatures...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...