Monero : Every detail about latest hardfork + Technical Analysis
Hi friends.
hope you are good.
today i want to tell you some details about August 14 Monero Hardfork.
after that we take a look at XMR chart and analyze that in price action.
Lets Do Them:
This fork happened at block 2,688,888, this Sunday (14 August).
It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information.
Such as key sets and data synchronization between wallets, as explained on their website:
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed.
Instead of one Monero wallet creating, signing, and submitting transactions all on its own,
you will have a whole group of wallets and collaboration between them to transact.”
The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds
and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism.
At the end lets see some after effects:
1-Monero’s block size increases.
2-Reduce wallet sync time 30% - 40%
2-XMR’s market capitalization rose
3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes.
4-Whales began to showcase interest to XMR.
Hope you enjoy this article.
now lets see Technical analyze of XMR on marketcap:
Remember this is a Longterm Analysis and we need time for grow.
please share me your opinion about this post in comments.
we will grow togheter...
hope you are good.
today i want to tell you some details about August 14 Monero Hardfork.
after that we take a look at XMR chart and analyze that in price action.
Lets Do Them:
This fork happened at block 2,688,888, this Sunday (14 August).
It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information.
Such as key sets and data synchronization between wallets, as explained on their website:
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed.
Instead of one Monero wallet creating, signing, and submitting transactions all on its own,
you will have a whole group of wallets and collaboration between them to transact.”
The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds
and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism.
At the end lets see some after effects:
1-Monero’s block size increases.
2-Reduce wallet sync time 30% - 40%
2-XMR’s market capitalization rose
3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes.
4-Whales began to showcase interest to XMR.
Hope you enjoy this article.
now lets see Technical analyze of XMR on marketcap:
Remember this is a Longterm Analysis and we need time for grow.
please share me your opinion about this post in comments.
we will grow togheter...