Monero is using a new update. Details are below
October is gradually coming to an end, however, crypto industry updates do not stop appearing. And we never stop informing you about the most striking, significant and interesting projects. Today we intend to discuss one of the most anonymous digital currencies in the market today. Of course, we are talking about Monero and the update of this project. Further – detailed information on the innovation that brought a lot of new things to XRM. Read carefully, as the update is really significant and requires a responsible approach. So let’s get started.
Details about the innovations in the project
First of all, the theoretical and technical part. First, we will discuss the nuances of the Oxygen Orion device. This is the name of a major update. A dedicated tech network designed specifically for Monero started with version 0.17. Note that a team of 30 specialists made efforts to create the installed technologies. The well-coordinated work of specialists has allowed us to create a complex of applications that, in fact, improves all aspects of Monero. Particular attention is paid to the speed of transfers, as well as reducing the size of transactions.
Speaking of concrete figures: the digital weight of transactions has decreased by 25%, and the lead time has increased by as much as 10%. This is a really tangible and significant indicator. In addition, it should be noted that the measures taken did not affect the already installed cryptocurrency technologies. The coin is still confidential and anonymous. There are no problems with the disclosure of data, as well as other shortcomings, and there will not be.
Also, the staff tried to modify the previously installed solution called Dandellion. The new platform received the characteristic name Dandellion ++ and is distinguished by the continuation, development of the concept of dividing the transaction into two stages. First, the transfer itself takes place, and then a mechanism is launched that erases the digital trace of the transaction. In particular, IP addresses. Thus, it is almost impossible to trace the participants in the translation. Now this kind of work is happening much faster.
How do I start using the Monero update?
It is obvious that the established innovations are quite global and certainly significant. That is why you will need to update your software to install them. You must install the latest version of the coin blockchain. Upgrading wallets is also recommended. Otherwise, you will not be able to start using the coin fully. So the adoption of Dandellion ++ and Oxygen Orion can be considered a hard fork.
We strongly advise you to upgrade your protocols as soon as Monero is a great coin. A wonderful project must be supported and actively used, since the cryptocurrency has a number of advantages described above. Note that skeptics often see Monero as more of a potential threat, a tool for fraud. But not a serious, reliable project. However, this is wrong. Currency can and should be used for household transfers.
There is nothing criminal in its essence. After all, each user has the right to independently ensure their own privacy, data security and work efficiency. The main thing is to follow the news of the cryptoindustry. It is extremely important to stay up to date with the latest developments in the world of Blockchain and digital coins so as not to miss any innovations.
Stay tuned for project updates, as well as other innovative news with us. We regularly publish only high-quality, interesting and useful material. Thank you for attention. We wish you good luck and pleasant use of the cryptocurrency!