The Monero project appears to be rapidly changing to a large number of upgrades and hard forks. Although a fork has been introduced a long time ago, the next upgrade already appears on the horizon. This is a very important turning point for Monero (XMR) because it will eventually introduce Bulletproofs.
Significant changes in Monero (XMR) crypto money
3- No ASICs!
There is always a lot to keep in mind for an approaching fork. Monero’s Beryllium Bullet upgrade will be a very strong focus to ensure that the network remains strong. This decision is quite interesting, because there are some concerns about the role of Bitmain in the success of the newest network hash rate in 2017.
Since then, Monero has already made a change to the proof of work algorithm. This new hard fork will change the PoW direction again. This should keep ASICs away from the network and reduce cryptojacking attacks. Nevertheless, Monero’s ASIC can create an interesting change because of its approach to the struggle.
2- Improved anonymity
One of the main reasons why many people flock to Monero is that the project focuses on privacy and anonymity. Therefore, the improvement in any of these aspects will have a great value on the user base. This hard forkta will be introduced to a static ring size. This gives better anonymity because a higher ring size uses more transmitters for each process.
Over the years, Monero has seen some great improvements in this section. The size of the static ring initially began at five, but rose to seven a long time ago. This new upgrade will raise the limit to 11, but users can change it to a higher value when they need to use it. This approach confirms that developers want to perfect their anonymity with a slow and decisive approach.
One of the biggest innovations coming to Monero in recent years continues as Bulletproofs. This concept was announced a while ago because it would allow smaller transaction sizes and generally less Blockchain blocks. It will actively reduce the process size by up to 80% and the average XMR process will be 2.3 kilobytes.
For those who want to compare transaction sizes, Monero will be much larger than Bitcoin. While the bulletproofs are a big step forward, the process continues to further reduce the XMR’s process footprint. Smaller sizes result in lower transaction fees and better scaling. Monero presents one of the biggest changes he has seen in recent years.