Monero (XMR) Nodes Activated Most Crucial Hardfork of 2022
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Monero (XMR) nodes’ upgrade is now live: Why is this important? According to the official statement shared by all community-managed Monero (XMR) accounts, its blockchain was successfully hardforked. The hardfork was activated at block 2,688,888 that was mined on August 13, 2022. Firstly, the upgrade implemented a novel ring signatures scheme: instead of 11 users, it is now verified by 16 users. Secondly, its high-secure Bulletproofs mechanism was replaced by Bulletproof+ scheme. This significantly reduced the volume of proofs and thus increased the computational volume and resource-efficiency of Monero. Net transaction performance sees 3-4% increase. submitted by /u/getblockio |
