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Dubai: BTSE Exchange Launches Monero (XMR) Futures Contract

Monero Releases “Lithium Luna” Wallet; Huobi Lists Privacy-Centric Cryptocurrency

Reading Time: 2 minutes by on June 13, 2018 Altcoins, News
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It is an eventful month for the Monero community. On June 4, 2018, the privacy-centric coin updated the underlying code of its official wallet and introduced a slew of features – including Ledger wallet support. Additionally, cryptocurrency exchange Huobi announced the listing of Monero on June 7.

Much Requested Feature

Released on GitHub, v0.12.2.0 wallet launched to the enthusiasm of Monero enthusiasts, who immediately praised its design and accessibility. Importantly, the wallet includes support from the Ledger Nano S – a long-awaited, community-requested feature.

Notably, the inclusion is the result of 87 developers working together to solve issues of the previous version. Unlike other cryptocurrencies, Monero developers do not get incentivized for their work, and instead, rely on donations.

Future updates will introduce further developments to the wallet, including a new GUI design that accommodates beginners to get acquainted with the software. However, no specific dates exist yet.

“Fluffypony” Lends Insight

A GitHub release by Monero Lead Maintainer Riccardo Spagni, who goes by the name Fluffypony, stated:

“The major release was due to the April 6th network update, which in turn increased the minimum ring signature size, sorted inputs so as not to leak wallet choice by inference, and slightly changed the proof-of-work algorithm to prevent DoS attacks by ASICs.”

Spagni added that the v. release represented significant improvements and fixed a “large set of bugs.”

In addition to the above, Monero also increased its minimum ring size to 7. Now, transactions are more private than before, and it allows multi-signature wallets.

“Fluffy Blocks” are now enabled on the protocol by default – compressing the transactional data by sending only transactional I.Ds and header signatures. Users running full nodes can now expect lower bandwidth usage

Huobi Lists XMR

On June 7, 2018, Huobi announced the official listing of Monero [XMR] on Huobi Pro, the world’s third-largest cryptocurrency exchange by traded volume, available in over 130 countries.

Offered to users in XMR/BTC and XMR/ETH trading pairs, the currency is trading on Houbi Pro at the time of writing. Withdrawals on Huobi Pro will be conducted from June 10 onwards.

The Hong Kong-based Huobi has taken a bold step in this regards, as privacy coins are increasingly being frowned over. In May 2018, Japan Financial Service Agency (FSA) directed all cryptocurrency exchanges to delist Dash, ZCash, and Monero with immediate effect. Additionally, Monero has been the center of a series of unrelated “crypto-jacking” activities.

However, the listing may revive interest in the cryptocurrency, and help propagate its advantages amongst the Asian audience.

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