Monero Hard Fork: Details Are Released

Monero (XMR) has been making headlines a lot this year, and the privacy-oriented coin managed to gather a lot of interest from crypto enthusiasts.

More crypto hodlers understood the importance of privacy, and this is probably the main reason for which they decided that XMR is an option worth investing in.

The final countdown before the Monero hard fork began.

It’s been reported that the version of the clients’ software (CLI) that is required to participate in the updated consensus has been released, according to the latest data coming from UToday online publication.

RandomX – XMR mining on CPUs – November 30

The online publication mentioned above notes that the recent software release (Version 0.15.0.0) which is called Carbon Chamaeleon provides everyone who took part in the Monero Proof-of-Work (PoW) consensus the preparation for the November 30th protocol upgrade.

It’s been said that the most controversial part of the hard fork is implementing RandomX mining algorithm.

It’s been also said that The Monero Community says that “RandomX will take ASIC resistance one step further” since it’s optimized for CPU-based mining.

The online publication also said that most of the AMD and Intel CPUs that have been created since 2011 should be efficient with RandomX.

New Privacy features implemented in the hard fork

It’s been revealed that some minor privacy features and UX features will be implemented in the upcoming hard fork.

mnr - Monero Hard Fork: Details Are Released

“For instance, long payment IDs will be phased out, which are important for services and exchanges. Next month, a Monero transaction will require at least two outputs,” according to the publication.

Regarding Monero’s price, at the moment of writing this article, the privacy-oriented coin is trading in the green. XMR is priced at $63.89.

Not too long ago, its been also revealed that despite the high volatility of the cryptomarket, the sentiment is bullish for XMR.


Companies Mentioned

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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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