Time hardforce: three important changes in update Monero
Source:Soon Monero will be a series of very important changes. Cryptocurrency will pass through a series hardforum and other upgrades of the network. And although the latest news from the developers of the project came out recently, community coin is already being prepared for a new hard forks. This time the programmers promise to please users three new features. They will affect the ASIC miners will have an impact on the anonymity of users and the size of the blockchain.
theSay no to ASIC mining
Upgrade called Beryllium Bullet carries a very important function, which will increase the stability of the cryptocurrency to ASIC mining. The developers have taken this decision due to concerns about centralization that threatens Monero. We will remind, recently main mining company in the world Bitmain accused with hasraton crypt.
Since the algorithm Proof-of-Work on Monero has been significantly redesigned. Beryllium Bullet again will change some aspects of PoW. After the upgrade, the coin will become almost unusable for ASIC mainiga. However, the growing problem with is not affected.
theBetter to be anonymous
The Main reason why people love Monero anonymity. The project focused on the privacy of their holders, so any improvement of this aspect XMR enthralls him «fans».
Recall that in Monero presents a model of a ring digital signature to confirm the transaction. With the new hardforum it will also be improved, which will make it virtually impossible to identify individual users on the network. Unfortunately, this opportunity likely will be used by scammers.
thebullet resistant
Finally, the most anticipated upgrade in the near future is called Bulletproofs. It reduces the size of the transaction by 80 percent, which will significantly reduce «weight» the entire blockchain. Now the transfer network Monero will take, on average, 2.3 kilobytes.
image Source — Best Vest
For comparison: transaction volume of Bitcoin is still smaller than Monero. The developers are moving towards the optimization of the project, so it is very important to achieve lower commissions and better scalability. All this will be possible in the near future thanks Bulletproofs.
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