Gold Coast Money Online
Advertisement
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews
No Result
View All Result
Gold Coast Money Online
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews
No Result
View All Result
Gold Coast Money Online
No Result
View All Result
Home Cryptocurrency

Monero has a new upgrade that enhances privacy and security features

Wayne Russo by Wayne Russo
August 15, 2022
in Cryptocurrency
0
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Monero (XMR), completed a hard fork on August 13 that enhanced its privacy and security features.

We are very proud of your network upgrade success!
🎉

#Monero is now private and more efficient thanks to ringsize 16, Bulletproofs+ and view tags

You might also like

What is a Crypto Airdrop

Report on Ethereum Technical Analysis

October 2022

To continue using Monero, ensure that your node/wallet has been updated.

Privacy and fungibility are important, and it’s thrilling to continue improving!

— Monero (XMR) (@monero) August 13, 2022

Block 2,688,888 was the completion of the hard fork. It had been in progress for four months. The upgrade was completed by more than 70 developers.

The upgrade

Monero’s website states that the hard fork fixed Monero’s internal multi-signature mechanism. It also increased the number co-signers who approved ring signatures, from 11 to 16.

Privacy advocates love the ring signature protocol because it conceals the origin of transactions on a network.

The network also upgraded its bulletproof security algorithm from bulletproof+ to bulletproof+. This will increase privacy within the protocol.

Crypto privacy protocols are being targeted by regulators

Regulators are focusing on privacy protocols such as Tornado Cash, which is why the Monero upgrade was necessary.

Tornado Cash was sanctioned by the United States for its criminal use, and its developer was detained in the Netherlands.

This does not seem to be a problem for the Monero community. They have continued to work towards enhancing the protocol’s security and privacy features.

To make the blockchain network more secure and private, 15 updates have been made to it since its inception.

Justin Berman is a software developer who worked on the protocol. He said that he wouldn’t go “anonymous to do anything completely normal.”

@monero is my platform to make easy money.

It is a completely normal thing.

I am not going to be anonymous in order to do something completely normal.

Justin Berman (@justinberman95), August 15, 2022

The US Internal Revenue Service (IRS), however, has a $625,000 bounty for anyone who can crack the Monero Code.

Monero has two edges

The protocol has been well-received by privacy advocates and activists for human rights, but malicious actors have taken advantage of its features to their advantage.

Monero Outreach says that the protocol is most beneficial to people living under oppressive regimes and countries with weak economics.

Experts such as Johnie Cosmos believe that the token is the best candidate to create an electronic peer-to–peer electronic cash system due to its privacy features.

Its XMR token, however, is also a popular cryptocurrency among cryptojackers who take over computing resources from unsuspecting users in order to mine crypto.

It is also very popular with ransomware groups who demand crypto ransom payments.

After dropping more than 2% over the past 24 hours, XMR trades for $164.72 as of press time

Monero increases privacy and security with the new upgrade CryptoSlate

Most effective day trading products! Click here

Share this:

  • Facebook
  • Pinterest
  • Twitter
Tags: completedfeatureshardfork
Previous Post

How to Get Free Clothes online from Brands Without Paying

Next Post

Everybody can take part in work-from-home roles

Wayne Russo

Wayne Russo

Related Posts

Cryptocurrency

What is a Crypto Airdrop

by Wayne Russo
October 12, 2022
Cryptocurrency

Report on Ethereum Technical Analysis

by Wayne Russo
October 11, 2022
Cryptocurrency

October 2022

by Wayne Russo
October 10, 2022
Cryptocurrency

4. October-2022: Ethereum Technical Analysis Report

by Wayne Russo
October 9, 2022
Cryptocurrency

7th-October-2022

by Wayne Russo
October 8, 2022
Next Post

Everybody can take part in work-from-home roles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • What is a Crypto Airdrop
  • Should I buy Gold What are the benefits and drawbacks of purchasing gold?
  • Earn money by selling empty boxes
  • Report on Ethereum Technical Analysis
  • What happens to America’s debt ceiling?

Recommended

How to make money pallet flipping

March 25, 2022

I Need Money Now: 20 Realistic Strategies to Make Money Now in 2022

May 28, 2022

Gold Coast Money Online

Categories

  • Cryptocurrency
  • Gold
  • Make Money Online
  • Product Reviews
  • Products Launches

Pages

  • About Kirk Heisenberg
  • Contact
  • Disclosure
  • Privacy Policy
  • Terms of Use

Recent News

What is a Crypto Airdrop

October 12, 2022

Should I buy Gold What are the benefits and drawbacks of purchasing gold?

October 12, 2022

© 2022 All Right Reserved by goldcoastmoneyonline.com

No Result
View All Result
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews

© 2022 All Right Reserved by goldcoastmoneyonline.com