The crypto currency of Monero will take place earlier due to the increase in the hash-rate network
In connection with the increase in the Monero hash-schedule, the planned hard-core can occur before the appointed time. This is written by CoinDesk.
HardFork, scheduled for September 21, should make several important improvements related to the security of user data.last week the developers decided to postpone the hardcore on September 16. First, developers discussed the need to adjust the number of blocks to prevent premature fork, but instead changed its date.
In crypto-currency mining, a hash-rate is the rate at which calculations are performed.when you increase the hash-rate, the miners quickly find the blocks, thus ensuring rapid growth of the block.
The impending hardcore will enforce the mandatory use of the so-called "ring confidential transactions" (RingCT) on the network, although most Monero users already use this technology.
The RingCTs, introduced on January 10, are an updated version of older ring signatures.with their help, the transaction outputs can be hidden more reliably, which excludes the possibility of viewing transaction details by users who do not take part in them directly.This technology is based on the current functions of Monero's anonymity, including hidden accounts and hidden transactions.
According to Coinmarketcap, currently Monero is on the eighth line by market capitalization, which is $ 1.76 billion. On August 28 Monero reached a record $ 150 mark.
