VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Monero Hard Fork Improves Security and Privacy Features

admin by admin
August 17, 2022
in IT news
0
Monero Hard Fork Improves Security and Privacy Features
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Monero is one of the most important privacy protocols in the ecosystem. On August 13, a hard fork took place to improve several privacy and security features offered by the network.

The Hard Fork was successfully performed on Block 2,688,888 thanks to a joint effort of more than 70 developers, after 4 months since its announcement.

The Hard fork brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information such as key records and data synchronization between wallets.

“Multisig means that a transaction requires several signatures before it can be transmitted to the Monero network and executed. Instead of a Monero wallet creating, signing and transmitting transactions all by itself, you have a whole group of wallets and the cooperation between them to carry out transactions.”

The number of co-signers required to approve ring signatures has also been increased from 11 to 16. Ring signatures ensure that the origin of transactions in the network cannot be traced. A feature that makes Monero the most popular cryptocurrency among privacy enthusiasts.

In terms of security, the bulletproof algorithm has been switched to Bulletproof+. This is a zero-knowledge proof algorithm that was implemented in 2018 to strengthen the privacy of the network. This hides the exact transaction amounts and only shows the origin and destination of the transaction.

Another improvement that comes with the hard fork is the display of tags. This is a new option that makes it possible to speed up wallet synchronization by 30% to 40%. This is the key to increasing the overall performance of the entire ecosystem of Monero.

The Monero Hard Fork represents a major departure from Bitcoin’s security model, as it provides a constant incentive for miners to rely on “reasonable fees” to ensure the security and untraceability of the network.

The hard fork is the fifteenth update of Monero and will probably not be the last to bring further improvements in terms of privacy and network security.

Previous Post

Unity 5 beta now available

Next Post

NFT games have an advantage over traditional games

admin

admin

Related Posts

Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
helpchildreninukraine
IT news

Need for reform in juvenile justice legislation in Ukraine

January 25, 2023
Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation
IT news

Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation

January 25, 2023
Next Post
NFT games have an advantage over traditional games

NFT games have an advantage over traditional games

Premium Content

Creative Director at AGIMA will reveal the secrets of responsive web design

Creative Director at AGIMA will reveal the secrets of responsive web design

July 8, 2020
Defragmentation Windows 7

Defragmentation Windows 7

February 23, 2022
Oculus Quest 2 big update brings two game-changing VR features

Oculus Quest 2 big update brings two game-changing VR features

March 7, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • The advantages of dedicated servers: cost, performance, security
  • Different types of proxies and their benefits for online security
  • Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?