Blockchain
By Dan Saada
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Monero (XMR) Network Upgrade
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One of the popular Monero Memes read 20% Founders reward and 20% Dev fund. Further stated, corporates need you to find the differences between these two funding mechanisms.
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It is important to be clear about why we are building technologies like Monero. One of the community members expressed: “If we can't figure out basic human interaction and mutual…
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Fluffy Pony in the past stated, "The first step to creating a truly decentralized economy is to decentralize your heart.”
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Sydney Ifergan, the crypto expert tweeted: “Philosophies apart, decentralization and privacy are important and that is why people need Monero (XMR) and similar privacy cryptos.”
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The idea of anybody being able to broadcast or send transactions on the obfuscated public ledger is good.
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For those who are new Monero Trader tweeted: “To the newcomers: Monero's privacy technology is based on 3 core cryptographic techniques: Ring Confidential Transactions (RingCT)…
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And, those who do not know what any of these are, would still be able to transact in absolute privacy.
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On the technical side, there are some things that are getting developed and the community is kept to wait.
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Monero is set to have a network upgrade on October 17, 2020. It is noteworthy that Network upgrades are technically hard forks.
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The network upgrade is meant to introduce an important new feature like the new ring signature construction CLSAG, which is important to reduce the typical transaction size by…
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Of note, Hard Forks in Monero are to improve the base protocol and they are non-contentious, which means there will be no split and no new coin will be created.
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