Reviewing the bull case for Monero as it completes the network upgrade

Reviewing the bull case for Monero as it completes the network upgrade
фото показано с : coinjournal.net

2022-8-15 14:12

Monero completed its hard fork on Saturday for more network privacy and security

The native token has not reacted to the hard fork and was down on Monday

Monero remains on an uptrend to new heights

Monero XMR/USD successfully completed its network hard fork on Saturday. The privacy-focused blockchain said the network is now more private and efficient. The upgrade comes with Bulletproofs+ algorithms for faster transaction speeds. Introduced view tags on the network will also cut wallet sync times by up to 40%. 

The successfully deployed hard fork comes with the benefits of more security and privacy. The benefits are especially to boost its native token. Monero has been surging in anticipation of the upgrade and improved crypto sentiment. The token currently trades at $166, up from a low of below $100 in mid-June.

Despite the latest upgrade, the Monero token is yet to post robust gains. As of the time of writing, the token was down by 2.18%, with the trading volume up just 10%. The slowdown is occurring across the crypto sector. The indecision underlines that Monero had already priced in the positive news. The upgrade was already a long-awaited event. But how bullish is Monero?

Monero slows amid the latest network upgrade

Source – TradingVew

Monero remains on a solid uptrend despite the boosts from the hard fork. The token is supported by the 21-day and 50-day moving averages, with the latter joining recently. The MACD indicator shows waning momentum, a suggestion of a potential retracement.

Concluding thoughts

Although Monero’s momentum is weakening, it is on a clear uptrend. The cryptocurrency is yet to reach the established resistance at $204. Any correction is an opportunity to buy. The latest upgrade could still be the boost needed to take the Monero token to the next level.

The post Reviewing the bull case for Monero as it completes the network upgrade appeared first on CoinJournal.

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Monero (XMR) на Currencies.ru

$ 323.55 (+0.16%)
Объем 24H $87.187m
Изменеия 24h: -2.88 %, 7d: 0.81 %
Cегодня L: $321.87 - H: $337.29
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monero network upgrade case reviewing completes security

Источник: coinjournal.net

monero network → Результатов: 126


Фото:

Разработчики Monero обновили протокол

13 августа команда Monero успешно реализовала хардфорк для обновления протокола нацеленной на конфиденциальность криптовалюты. Congratulations on a successful network upgrade! 🎉 #Monero is now more private and efficient with ringsize 16, Bulletproofs+, and view tags! Make sure your node/wallet is updated to continue using Monero.

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Bullet stopping drones now mine on the Monero network

Bullet stopping drones are now securing the Monero network? Astral AR and Core Scientific announced a partnership that puts mining software on high-power safety drones. Astral AR, a Texas-based company specializing in safety drones, announced a partnership with Core Scientific—a blockchain infrastructure and AI firm helmed by former Microsoft COO Kevin Turner.

2019-6-15 15:39


Monero’s Riccardo Spagni: Bitcoin Network’s Longevity Gives it The Edge Over Other Crypto Assets

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Bitcoin’s biggest advantage is its network effect, says Monero’s Riccardo Spagni

Bitcoin [BTC], the largest cryptocurrency by market cap, marked the first decade of decentralization this January 2019 by celebrating the 10th anniversary of its genesis block generation. Over the years, Bitcoin grabbed the attention of retail investors, institutional investors, regulating bodies and even powerful government bodies across the globe.

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Monero needs to throw away bulletproof tech and deploy enormous ring signatures, claims Blockstream researcher

Monero network relies on ring signature, ring confidential transactions, and stealth addresses for the purpose of anonymity. Talking about swapping the cryptographic operation of ring signature in Monero, Andrew Poelstra, Blockstream Director of Research, in a recent interview on the sidelines of Magical Crypto Conference, said that he knows some of the ideas that have been “thrown […] The post Monero needs to throw away bulletproof tech and deploy enormous ring signatures, claims Blockstream researcher appeared first on AMBCrypto.

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