Monero went through a network upgrade this weekend to boost its privacy and security features. Investors appear to have welcomed the news, as XMR has seen a 6.5% price increase over the past few hours.
Monero Enhances Privacy Features
Popular privacy coin Monero has surged nearly 6.5% after the network underwent a hardfork to introduce new security features over the weekend.
Monero went through a non-contentious network upgrade at block 2,688,888, which was executed on August 13. The hardfork increased the blockchain’s ring size from 11 to 16, creating a new signature to authorize transactions. It also included changes to the “Bulletproofs” algorithm, aiming to increase transaction speed, reduce wallet sync times, and change network fees.
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed. Instead of one Monero wallet creating, signing, and submitting transactions all on its own, you will have a whole group of...
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...