Monero (XMR) Announced A Hard Fork For November 30
Monero is in the news again after the latest announcement. They will be updating the network on November 30.
More than that, they reportedly have also set a tentative schedule for code freeze and the release of vo.15, according to the latest reports coming from the online publication UseTheBitcoin which cited data from a blog post released by the Monero Developer Community.
Users, merchants, exchanges and pool operators are being prepared
The hardfork is expected to take place at the end of next month, and the info was reportedly released in order to prepare users, pool operators, merchants, and exchanges.
The online publication mentioned above noted that Monero users should run CLI v0.15 or GUI v0.15.
“In addition to it, the scheduled dates include a code freeze for October 24 and the official release of v0.15 on October 31.
The new upgrade will introduce a new long-term Proof-of-Work (PoW) algorithm called RandomX.
That means that miners will have to update their mining software as well,” they also detailed.
The official blog post also noted that “Services still utilizing long payment IDs are thus reminded to upgrade to either integrated addresses or subaddresses as soon as possible. If any assistance is required, feel free to contact the Monero dev community at #monero-dev (freenode – IRC, Riot/Matrix, MatterMost).”
XMR is expected to cross newer price marks
Regaring the price of the privacy-oriented coin, the correction that has taken place in the market obviously affected XMR’s price as well.
At the moment of writing this article, XMR is trading in the green and the coin is priced at $56.12.
During the past 30-days, the highest recorded value of XMR was $82, and if the trend gets better, the coin is expected to cross the value pretty soon, according to the latest reports coming from CryptoNewsZ.
Despite the high volatility of the market, there are a lot of optimistic crypto predictions.
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.