Amid IRS bounty and competitor progress, Monero developers ship a major update
A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed 'Oxygen Orion.' The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance. The highlight of the new update is the compact linkable spontaneous anonymous group (CLSAG) feature. According to the Monero....
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Monero developers are working on a software fix for a newly identified bug that may expose the occurrence of an output transaction made right away after receiving funds. Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users’ transaction privacy.On Monday, the official Monero Twitter account warned users of a “rather significant bug” that has been spotted in Monero’s decoy selection algorithm, a system designed to hide real output transactions among 10 decoys in a ring.First identified by software developer Justin Berman, the....
On January 3, Monero officially overtook Litecoin and Ripple, solidifying its position as one of the leading cryptocurrencies in the market. There exists several major factors that pushed the market cap of Monero this past weekend including the Alphabay userbase, active development and integration. Experts Praise Monero, Over the past 12 months, Monero and its development team received positive and optimistic recognition from leading cryptocurrency experts and cryptographers, due to its legitimate cryptography and technology. It is one of the very few cryptocurrencies in the market that....
A “significant” decoy selection bug has been reported for Monero via the project’s official Twitter handle. According to the investigation, carried out by software developer Justin Berman, the bug “may impact your transaction’s privacy” during a brief window of time after funds have been received. If users spend funds immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds), then there is a good probability that the output can be identified as the true spend. Monero Research Lab clarified....
Monero network blocks will enforce coinbase transactions to be split into new denominations. Doing so will prevent unmixable inputs from being created. Over the past few weeks, there has been a significant interest in Monero. Not only did the alternative currency gain significant value in recent weeks, but it also got accepted on various darknet markets. The developers have announced a hard fork, which will bring several changes to the ecosystem. The Monero hard fork will go into effect on September 21st. Users and miners will need to update their clients on that date – or close to it at....
According to a recent update on Monero’s Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against the U.S. dollar.
Monero Aims to Upgrade in July
The development team behind the Monero (XMR) project has plans to upgrade the blockchain at some point in July, according to the Github-hosted version 15 “Network Upgrade Checklist #690.” Monero is an open-source distributed....