Monero (XMR)

Yesterday, the Monero (XMR) team tweeted out that an update would be occurring on or around April 6th.

However, this probably isn’t the update that Monero fans wanted to hear. We’ve been waiting for the MoneroV (XMV) hard fork to happen, and we’re just going to have to keep waiting because this upgrade does not include MoneroV.

MoneroV was originally supposed to fork on the second week of March, but the operation was delayed, possibly due to the team not contacting exchanges fast enough to have them list it. MoneroV is most likely not going to occur until the end of April.

The most recent news from the MoneroV’s Twitter feed is about phishing attempts:

So be careful out there!

>> Monero gets dropped by Coincheck

As for the actual Monero update now set for release on April 6th, it is a network upgrade that will update the PoW and minimum ring size.

The PoW is getting an upgrade to help prevent ASIC threat and to improve ASIC resistance. This means that miners are going to have to update their mining software.

The minimum ring size is getting bumped up to 7. This means that pool operators will need to ensure payouts use a minimum ring size of 7, otherwise the network will reject them.

The general reaction on Twitter to this update seems positive:

Others, though, seem more impatient:

However, despite the overall positive reaction, Monero is still down for today. Currently, XMR is selling for $184.30, which puts the coin down 5.21%.

Monero (XMR)Source: CoinMarketCap

What do you think?

>> Check out Crypto Madness: Omnitude ICO vs. Bethereum ICO

Featured image: geralt

Thanks!

jQuery(function ($) { //tab $('#forum').on('click', function(event){ $('news.et_pb_tab_2 et_pb_tab_active').click(); $("html, body").animate({ scrollTop: $('#news').offset().top }, 1000); }); });
%d bloggers like this: