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Monero Set for Hard Fork to Brick ASIC Miners

February 13, 2019 by Osato Avan-Nomayo at Altcoins, Mining, News

Monero developers are set to fork the network in their continued efforts to brick application specific integrated circuit (miners) on the blockchain. The move should significantly lower hash rate allowing small-scale mining operations running graphics processing units (GPUs) to compete favorably and make the network’s PoW algorithm less ASIC-friendly.This according...

Upcoming Sidechain Project Tari to Build a Decentralized Assets Protocol on Monero

May 24, 2018 by contributor at Altcoins, Blockchain, News, Tech

Building on the work he’s done with Monero (XMR) in the past, core team developer Riccardo “Fluffy Pony” Spagni is primed to launch a decentralized assets framework on the privacy-centric protocol, along with Naveen Jain and Dan Teree. The move is compared to Bitcoin’s colored coins project of 2012, and...

Monero’s Hardware Project Moves into the Next Phase

Monero’s Hardware Wallet Project Moves into the Next Phase

May 14, 2018 by Jamie Holmes at Altcoins, News, Tech

The Monero hardware project completed the first stage at the end of April, developing the internals and boards. The next stage is to develop a proper enclosure, perform injection molding and other finishing touches; the project’s funding goal is already approximately 25 percent complete. BTCManager spoke to Michael Schloh von...

Circle Invest Cryptocurrency App Adds Support for Monero

May 9, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Finance, News

Circle Invest, the cryptocurrency investment app from Circle - a firm that has been around since 2013 - announced support for the fungible altcoin, monero (XMR) on May 7. Widening the Circle Since Circle Invest joined the crypto bandwagon back in 2013, the firm has not stopped making it easy...

Cryptojacking Surges 10,000 Percent in Sweden During Q4 2017

Cryptojacking Strikes Again! Hackers Target Government Websites to Mine Monero

May 8, 2018 by contributor at Altcoins, Commentary, News, Tech

Cryptojacking, the novel hacking process which inflicts a victim’s computer with code to mine cryptocurrency, is evidently on the rise as hackers have targeted hundreds of popular websites with fraudulent software to mine the fungible digital coin monero (XMR). “Cryptojacking” A Sophisticated Crime In 2018 alone, thousands of users have...

UNICEF Australia’s Website Uses Your Browser to Mine Monero and Aid Rohingya Refugees

April 30, 2018 by Farzana Begum at Altcoins, Finance, Mining, News

UNICEF, a humanitarian and development agency that aims to protect the safety and inclusion of all disadvantaged children globally through voluntary donations, is catching onto the benefits of cryptocurrency. The organization is making use of monero mining to fulfill their mission; “All children have a right to survive, thrive and...

Cake Wallet Receives Seal of Approval from the Monero Project

April 30, 2018 by Jamie Holmes at Altcoins, Finance, News, Tech

If you’ve been into Monero (XMR) for a while, you’ll know that there was a time when mobile wallets were non-existent. As the ecosystem grows and begins to thrive, a wallet for iOS devices has emerged and recently won over the Monero Core team. Monero Wallets are Beginning to Blossom...

The Importance of Governance: Analyzing the Aftermath of the Monero Hard Fork

Monero Fork XMV Changes Tact, Promises ‘Open Source’ and Key Reuse Safeguards

April 27, 2018 by Jamie Holmes at Altcoins, Commentary, News

The airdropped fork of Monero, MoneroV (XMV), recently delivered an announcement promising they would open source their code, and take the necessary safeguards to minimize their impact on one aspect of Monero’s fungibility, ring signatures, if users decide to claim XMV. BTCManager first reported on MoneroV in February 2018, with...

Cryptocurrencies Need A ZeroNet “Zite”: Starting with Monero, Here’s Why

April 13, 2018 by contributor at Altcoins, Bitcoin, News, Tech

In the past month, several social media platforms took a harsh stand against cryptocurrencies and placed indefinite bans on cryptocurrency advertisements, effectively cutting any chance of relevant information reaching out to the world. However, the future of decentralized assets may lie in a similar decentralized platform; ZeroNet. Global Crackdown On...

Prior To Fork, ASICs Were Accounting For Majority of Monero’s Hashrate

April 11, 2018 by Priyeshu Garg at Altcoins, Blockchain, Commentary, News

A few days ago, BTCManager ran a story on the Monero hard fork and how it might show if the blockchain had been secretly hijacked by ASIC miners. Suspicions over the way in which hashrate of the Monero blockchain had increased dramatically toward the end of 2017 when there was...

Monero’s Scheduled Upgrade to Soon Reveal the Extent of ‘Secretive’ ASIC Mining

April 6, 2018 by Jamie Holmes at Altcoins, Blockchain, News, Tech

On April 6, Monero conducted its bi-annual scheduled upgrade, or hard fork, to increase the minimum ring size and alter the Proof of Work to nullify Bitmain’s ASIC miners. As for the success of the move, the next ten days or so will inform us of the effectiveness of the...

That Old Chesnut: Monero Steams Ahead Despite ‘Broken Privacy’ Allegations

April 2, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Commentary, News

Cryptocurrencies had been originally launched with the vision of being decentralized, digital and anonymous replacements of fiat currency. However, when the veil of anonymity was lifted from Bitcoin’s blockchain, it was widely speculated that Monero would be leading the industry regarding privacy. The Monero development team were so confident about...

The Fiery ASIC Debate Engulfs the Bitcoin and Monero Communities

March 20, 2018 by Jamie Holmes at Altcoins, Bitcoin, Blockchain, Mining, News, Tech

Changing the algorithm of many major cryptocurrencies is on the menu! As concerns about miner centralization begin to intensify, a few cryptocurrency communities are considering a change in the underlying algorithm to kill ASICs, specialized hardware machines that improve the efficiency of mining. Monero will conduct a Proof of Work...

New Form of DDoS Attack Delivers an Extra Payload: A Cryptocurrency Ransom Note

New DDoS Attack Delivers an Extra Payload: A Cryptocurrency Ransom Note

March 7, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Commentary, News, Tech

There are two sides to every coin. While cryptocurrencies are changing lives for the better, cyberpunks are also using these revolutionary technologies to carry out inventive cyberattacks. Heartless Hackers The distributed-denial-of-service (DDoS) attack is quite annoying and at the same time heartbreaking. While there have been countless cases of cyberattacks...

New iOS Monero Wallets Evokes Community’s Suggestions

January 23, 2018 by Nuno Menezes at Altcoins, News, Tech

Cakewallet is a new iOS Wallet for monero which is trying to make this privacy-centered digital currency more user-friendly. However, the Monero community were reluctant to embrace it, as the wallet was not intially open source, with enthusiasts pointing out this should be the minimum requirement. The developer has since...

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