In 2020, Monero exceeded its previous all-time high number of monthly transactions by 12,840 transactions, with 4 days remaining. Transactions are up 287% since last year and 11% since last month. There have been 536,663 plus transactions until the end of December.

For those who are looking to setup a Monero node on a VPS (Virtual Private Server) or their own Linux host but are not sure how? There is a new guide from Seth Simmons on how to setup a node as a service using system.

Binaries for Monero v0.17.1.8 is now available.  This release is expected to fix the current memory exhaustion attack. Based on what comes next maybe there might be more of free audit and subsequent hardening coming. Users are however advised to check the integrity of the download.

Running their own node is becoming increasingly important in Monero following the ongoing network attacks.

Commenting, Sydney Ifergan, the crypto expert tweeted:  “The Monero (XMR) sample advocacy letter to the US Treasury was a great job in 2020.  With regulations brewing hard, more of such might follow in 2021 I guess.”

Atomic Swaps in Monero will continue to be a big deal in 2020 because this protocol makes it possible to swap two different cryptocurrencies on different blockchains in a trustless manner, thus ensuring privacy in transactions. This protocol is still new and lot of improvisations are to be made.  The protocol architecture is flexible.  And it is possible to implement it in other wallets and decentralized exchanges in a way to fit without hassles in to their existing architecture.

Monero (XMR) Unstoppable

Privacy coins will never be out of style and they are unstoppable.  Monero pioneering in facilitating privacy for its users in the cryptocurrency space will not be out of style anytime in 2021 or in the years to come.  They might face issues, but developers will work their way to sort it.

Rob Gleasure, when talking about privacy coins stated, “If decentralized privacy-preserving cryptocurrencies become popular in the future, to the point they can be routinely exchanged without users having to convert to other currencies and systems, there is no obvious way for regulators to impose post-hoc regulation.”

Privacy coins like Monero have a very strong disruptive potential.  It is true that regulators are setting their foot in to the cryptocurrency space; however, it is not going to be easy nor possible for them to ban privacy coins for whatever reasons.  These coins are unstoppable.