MoneroV is a private, untraceable, finite and secure cryptocurrency fork of the Monero blockchain. A split will occur at block 1529810 when MoneroV miners will start to create blocks on the MoneroV network.
The new MoneroV blockchain will contain the history of all transaction up until block 1529810 and all Monero coin holders will receive 10x their XMR balance amount as MoneroV coins (XMV) after the fork.
Among other differences, Monero V has limited supply of coins while Monero’s coin supply is infinite, and Monero V will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin.
Monero is currently ranked number 13 on the cryptocurrency market cap at a 4.3 billion trading valuation at $275.00 USD per coin. It is one of the largest privacy coins. XMR is conducting a hard fork (they are changing their protocol. The blockchain will split) March 14, 2018. The new coin will be Monero V and the general ntent is to keep the coin decentralized. Monero V Coin will be capped at 256 million and those holding Monero before the fork will receive 10x XMV. This is a proof of work coin meaning it has to be mined.
XMR will continue to promote proof of work in compliance with their white paper which indicates a fork up to two times per year. They don't want to introduce centralization or a group of miners in one location that can control the platform so are dedicated to moving forward.
Usually the build up (XMR) happens before the fork. Previous highs for XMR were at $474.00 and then the trend went bearish. Not that a break out is cued up some TA indicates that this higher point of approximately $315 -350 USD range could be reached. The 50 MA crossed the 100 day moving average action which is bullish action. RSI is currently bullish.
From the author PROFITGENERATOR who had previously compared Dash to Monero:
MONERO: WHY IT IS THE BEST COIN FOR PRIVACY
The actual evidence behind the strength of their privacy is pretty simple, so I could just have talked about this, but I really wanted to show you how desperate and defensive people get if they know they are on the losing team but try to defend it anyway.
Monero has sound cryptography behind it, while Dash is a snake-oil from a privacy standpoint. Dash is like a Bitcoin Mixer, perhaps a little bit better, but it’s privacy is just an illusion, and most likely a marketing gimmick. And it’s not just dishonest to advertise something as private which is not, but also dangerous.
If some civil rights activist in some oppressive totalitarian country were to use it in the assumption to be private then that could cost him his life since the tyrant can easily trace him. Activists will risk their lives, and if they get snake oil security, well that is a very evil thing don’t you think?
Monero Scalability:
Actually despite what these clowns were saying, Monero is scalable, it can scale just like Bitcoin, perhaps with some additional challenges, but nothing that the Monero team couldn’t figure out with their actual hired scientist and development team:
https://www.reddit.com/r/Monero/comments/5o2ccf/monero_scalability
https://getmonero.org/resources/research-lab
Monero uses state of the art cryptography has a team of actual cryptographers and scientists probing it for vulnerabilities (where do you see that elsewhere?), and it actually has a very community oriented funding and development platform where anyone can participate and crowdfund ideas:
https://forum.getmonero.org/8/funding-required
https://forum.getmonero.org/7/open-tasks
So even if there are issues now or things that you don’t like, they can be easily changed and fixed. It’s not just some coins used by criminals that these clowns are trying to imply, it’s actually the next step in the evolution of the blockchain, a coin that has complete fungibility and privacy guaranteed.
I mean why can’t privacy be guaranteed? Aren’t we tired of these half-baked solutions. I think it’s time for the real deal now.
So Monero wins the showdown, by a huge margin. While Dash’s privacy is a snake oil, there can still be some value there since Dash is community oriented too, but it doesn’t even come close to Monero.
Dash organizes it’s funding and development through Dash Central (totally not centralized of course). It’s really ridiculous how centralized it is, the way the developers are paid and the funds go directly to central authorities, it makes Dash look like a Corporation basically.
While I have no problem with businesses in crypto, I don’t like the idea of a Corporation running a private currency, it sounds like a central bank, and isn’t this the whole opposite of what we want?
I think the community and the currency itself has to be totally decentralized, and trustless and private, and that is only achievable with Monero at this point.
Sources:
Logo graphic by coin community , CC BY-SA 4.0, via Wikimedia Commons
https://bitcointalk.org
https://monerov.org/
DISCLAIMER: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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