18. October 2018, the Monero network performs a further hardware Fork: Beryllium Bullet. With the Protocol, Update transactions should consume less storage space and cheaper. In the meantime, the Monero project has the new Wallet versions are released (v0.13.xx.xx). Who holds Monero, must now update its Software. An Overview:
Hard Forks are for Monero old hat. Twice a year, the Monero developers carry out to Ricardo “fluffy pony” Spagni a Hard Fork. In this case, the Protocol gets new features, such as, for example, a larger ring size, Multi-signature Wallet support, Performance improvements, and much more.
Beryllium Bullet with bullet proofs
The main new feature in this Version of Monero, which is also the Name of “Beryllium Bullet” is derived, means “bullet proof”. The bullet proofs are an optimization of the Range Proofs, which come in Monero in the Ring, Confidential Transactions.
let us remember: In Monero, all transactions are private, that is, the transmitter, the receiver and the amount to be veiled. Ring Confidential Transacations (or, in short: RingCT) to hide the amount of a transaction. However, in order to ensure that a positive amount of output, use Monero-a Form of Zero Knowledge Proofs, namely, Range Proofs. These prove, without the actual transaction amount, that the Inputs match the Outputs. Without this mechanism, an attacker could create special transactions, Coins, and, consequently, to the uncontrolled Inflation.
The suffering in the story to date is that these Zero-Knowledge Range Proofs, consumed a lot of memory space. A normal Range-Proof-Monero transaction is about 13 kilobytes in size – approximately 53 times larger than a normal Bitcoin transaction. With bullet proofs the same transaction shrinks to 80 percent of 13 kilobytes to about 2.3 kilobytes. Monero transactions are significantly larger than Bitcoin transactions, however, only by a factor of ten (instead of 53). For Monero users, the cheaper transaction fees, and better scaling of the Blockchain. The transaction costs at a low priority by Beryllium Bullet probably from 20 to 30 cents to a few cents per unit of Input.
fight the ASICs
to fight back in the last Monero Hard Fork wanted against possible ASIC Miner. Since the summer of 2017, the hash rate had climbed further and further up to a Giga Hash per second upwards. Guesses were in the Monero Community that Mining giant Bitmain would have developed an ASIC for allegedly ASIC-resistant Mining algorithm in Monero. Then the developers decided to change the Proof of Work and, thus, the ASICs shake off. After the Hard Fork in April 2018, the Hashrate fell by about 80 percent – proof of the existence of ASICs.
In this Hard Fork (v0.13.xx.xx) will change Monero again, the Proof of Work. There is no acute danger that it could once again give ASICs is (the hash rate is holding at about 500 Mega Hashes per second), however, has agreed on the Monero-project after the last incident to change with every Hard Fork of the Proof-of-Work. So ASIC is communicated to manufacturers is clear that there is a catch in the ASIC development for Monero to no economic.
Static ring size for a better Anonymitätsset
The third important Change is the change to a static ring size is. The ring size is a part of the Ring signature and indicates how many channels for each transaction in question. Since April, 2018, the minimum size was set to seven (previously it was 5). Users could previously use optional more Decoys in your ring signature. In the Monero Blockchain Explorer you saw and transactions with 41 possible channels – the on falls.
the size of The ring is set with Beryllium Bullet static to eleven. The Monero project will continue to pursue a progressing ring size and creates more unity in the transactions. Now the transactions can no longer be distinguished after ring signature participants. A Plus for privacy in Monero, because the Anonymitätsset increases.
by the Way: The block size in the case of Monero is in contrast to Bitcoin is not static, but dynamic.
don’t miss: Monero Wallets update
A Hard Fork is an “opt-in”Update. In other words, to take advantage of the new bullet proof, you need to active your Monero Wallet update. On the official Website you can find the various distributions. It is recommended to check the Hashes of the binary codes before you installed the new Wallet. The old Version can be deleted. In the ideal case, the Seed Phrase is the Update to the Wallet to recover. However, the Update usually works so easily. Mobile Wallets such as Cake Wallet and Monerujo need to be brought up to date. The new versions are in the Apple App Store and Google Play Store.
To ensure that you are using the correct Version, you can, under settings, in the “Info” the Wallet Version. Of course, this Hard Fork brings many other, smaller Changes. Here you will find an Overview of.
On 18. October it is then so far: The Monero network is another Hard Fork. At Block numero 1685555 the new rules come into force. Who uses after this Block, an old Wallet, is no longer a part of the Monero network.
