18. October 2018, the Monero network performs a further hardware Fork: Beryllium Bullet. With the Protocol, Update transactions should consume less storage space and cheaper. In the meantime, the Monero-projects, the new Wallet versions are released (v0.13.xx.xx). Who holds Monero, must now update its Software. An Overview:
Hard Forks are for Monero old hat. Twice a year run the Monero developers to Ricardo “” Spagni a Hard Fork. In this case, the Protocol gets new features, such as, for example, a larger ring size, Multi-signature Wallet support, Performance improvements, and much more.
Beryllium Bullet with bullet proofs
The most important new feature in this Version of Monero, this is where the Name “Beryllium Bullet”, “bullet proof”. The bullet proofs are an optimization of the Range Proofs, which come in Monero in the Ring, Confidential Transactions.
We remember: Monero are, i.e., the transmitter, the receiver and the amount to be veiled. Ring Confidential Transacations (or, in short: RingCT) to hide the amount of a transaction. To go sure, though, that really is a positive amount of output, use Monero-a Form of Zero Knowledge Proofs, namely, Range Proofs. These prove, without the actual transaction amount, that the Inputs match the Outpus. Without this mechanism, an attacker could create special transactions, Coins, and, consequently, to the uncontrolled Inflation.
The suffering in the story to date is that these Zero-Knowledge Range Proofs, consumed huge amount of memory. A normal Range-Proof-Monero transaction is about 13 kilobytes in size – approximately 53 times larger than a normal Bitcoin transaction. With bullet proofs the same transaction shrinks to 80 percent of 13 kilobytes to about 2.3 kilobytes. Monero transactions are significantly larger than Bitcoin transactions, however, only by a factor of 10 (instead of 53). For Monero users, the cheaper transaction fees, and better scaling of the Blockchain. The transaction costs at a low priority by Beryllium Bullet probably from 20 to 30 cents to a few cents per unit of Input.
Fight the ASICs
Already at the time of the last Monero Hard Fork wanted against possible. Since the summer of 2017, the Hash Rate climbed further and further upwards, up to a Giga Hash per second. Guesses were in the Monero Community that Mining giant Bitmain would have developed an ASIC for allegedly ASIC-resistant Mining algorithm in Monero. Then, decided the developers of the Proof-of-Work to change and in order for the ASICs . After the Hard Fork in April 2018, the Hash Rate went down at the 80 percent – proof of the existence of ASICs.
In this Hard Fork (v0.13.xx.xx) will change Monero again, the Proof of Work. There is no acute danger that it could once again give ASICs is (the Hash Rate keeps the 500 Mega Hashes per second), however, the Monero project after the last incident it has been agreed with each of the Hard Fork to change the Proof of Work. So ASIC is communicated to manufacturers is clear that there is a catch in the ASIC development for Monero to no economic.
Static ring size for a better Anonymitätsset
The third important Change is the change to a static ring size. The ring size is a part of the Ring signature and indicates how many channels for each transaction in question. Since April, 2018, the minimum size was set to 7 (from 5). Users could previously use optional more Decoys in your Ring signature. In the Monerosaw it and transactions with 41 possible channels – the falls.
The size of the ring is set with Beryllium Bullet static at 11. The Monero project will continue to pursue a progressing ring size and creates more unity in the transactions. Now the transactions can no longer be distinguished according to the Ring-signing participants. A Plus for privacy in Monero, because the Anonymitätsset increases.
By the way: Thein the case of Monero, in contrast to Bitcoin, not static, but dynamic.
Don’t miss: Monero Wallets update
A Hard Fork is an “opt-in”Update. In other words, to take advantage of the new bullet proof, you need to update your Monero Wallet. On theyou can find the various distributions. The new Version is available It is recommended that the , before the new Wallet installed. The old Version can be deleted. In the ideal case, the Seed Phrase is the Update to the Wallet to recover. However, the Update usually works so easily. Mobile Wallets such as and need to brought up to date. The new versions are in the and available.
To ensure that you are using the correct Version, you can, under settings, in the “Info” the Wallet Version. Of course, this Hard Fork brings many other, smaller Changes.you will find an Overview of.
18. October it is then so far: The Monero network is another Hard Fork. Fromthe new rules in force. Who uses after this Block, an old Wallet, is no longer a part of the Monero network.