• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Exchange Reserves Drop to Historic Lows

    BlackRock Bitcoin ETF Sees Record $430M Outflow

    BlackRock’s IBIT Experiences Record $430M Bitcoin Outflow

    Bitcoin ETF Inflows Surpass Gold Outflows in May

    Michael Saylor Signals Potential Bitcoin Purchase

    Michael Saylor Signals Further Bitcoin Purchases

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

    Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

    Vitalik Buterin Plans Major Ethereum Scaling Boost

    Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

    Ripple CEO Calls for Crypto Community Unity

    Brad Garlinghouse Urges Crypto Unity at XRP Las Vegas

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Monero [XMR] Beryllium Hard Fork To Guarantee Anonymity And Reduce Transaction Costs

Aborisade G. by Aborisade G.
October 17, 2018
in Altcoin News
A MONERO FORK OF HARD BERYLLIUM [XMR] TO GUARANTEE ANONYMITY AND REDUCE TRANSACTION COSTS

ambcrypto.com

The community of Monero is not new in the field of rigid forks, and developers would have made a hard bifurcation twice a year. The update usually adds new features, which include support for multiple signatures, a larger ring size and performance improvements.

The report says that the most important version of the Beryllium Bullet Hard Fork upgrade is the “Bulletproof” feature, which optimizes the reach test. This is used in Monero for Ring Transactions [RingCT], a privacy function implemented to guarantee the transactional confidentiality of the users because the value of the funds transferred is hidden.

In addition, all transactions with Monero are private. The amount, the sender and the recipient are disguised. The RingCTs are used to hide the actual amount of the transaction, while the null evidence, called the reach test, is used to ensure that a positive amount of Monero is actually used.

In addition, the update allows the entries to match the expenses without determining the actual amount of Monero used in a transaction. In addition, the new mechanism would not allow attackers of special transactions to create new parts, which would lead to uncontrolled inflation.

Another benefit of the bulletproof upgrade is the ability to reduce the storage space of transactions by 80%. In the past, a normal Monero Range Proof transaction was worth approximately 13 kilobytes, almost 53 times the size of a normal Bitcoin transaction.

The new update would allow Monero users to make transactions with lower rates and better scalability in the blockchain. Beryllium Bullet also aims to reduce transaction costs from 20 cents to 30 cents to a few cents per entry with low priority.

The Monero Hard Fork upgrade will also change the working test mechanism, which does not pose a direct threat to ASICS. It is a clear message to the manufacturers of ASIC that the development of the ASIC for Monero is not an economic enterprise and that the Monero project will irreversibly change its “proof of work”.

Tags: altcoinsCryptocurrencyMoneroMonero (XMR)
Previous Post

Alibabacoin Foundation is Going to List Their ABBC on Exchange Bitforex and Bit-Z

Next Post

Apple’s co-founder Steve Wozniak Joined Blockchain Company

Aborisade G.

Aborisade G.

I excel in researching cryptocurrencies and enjoy writing about them...

Related Posts

Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

by Solomon M.
June 2, 2025

Vitalik Buterin outlines Ethereum's 10x scalability plan, focusing on Layer-2 solutions and blob scaling.

Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

by Solomon M.
June 2, 2025

Vitalik Buterin announces plans to scale Ethereum to 100,000 transactions per second in 2025.

Vitalik Buterin Plans Major Ethereum Scaling Boost

by Solomon M.
June 2, 2025

Vitalik Buterin reveals Ethereum strategy for scaling 10X with new L1 and L2 techniques.

Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

by Solomon M.
June 1, 2025

Ripple's Brad Garlinghouse urges unity among XRP and Bitcoin communities during XRP Las Vegas 2025 conference.

Ripple CEO Calls for Crypto Community Unity

by Solomon M.
June 1, 2025

Ripple CEO Brad Garlinghouse emphasizes Bitcoin collaboration at XRP Las Vegas 2025.

Brad Garlinghouse Urges Crypto Unity at XRP Las Vegas

by Solomon M.
June 1, 2025

Brad Garlinghouse advocates for crypto unity, addressing Bitcoin rivalry, at XRP Las Vegas.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.