Monero Adds Multisignature Technology

The multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated
18 December 2017   3664

Yesterday the Monero developers team announced that multisignature technology will be included in the next release. It is stated that multisig transactions and addresses will be indistinguishable from normal transactions and addresses.

Monero Twit

Multisignature Wallet structure offers an additional layer of security to cryptocurrency wallets. Such wallets require authorization from multiple users before transferring of funds.

The multisignature technology development project has been funded by the community itself and has not received any financial backing.

It is expected that the multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated.

Monero chartsMonero Charts

At the moment of press, these are main market parameters of Monero:

Average price: $347,25

Marketcap: $5 379 859 990 USD

24h volume: $180 927 000 USD

MoneroV Hardfork Airdrop Date Unveiled

Developers claim to provide x10 XMV to XMR holders at block 1529810
19 February 2018   51

MoneroV is a hardfork of Monero cryptocurrency. 

MoneroV fulfills the long overdue desire for a truly anonymous, decentralized, finite peer-to-peer electronic currency. Individuals and businesses can transact securely, reliably and anonymously with low fees using MoneroV.

All Monero holders as of block 1529810 will be owners of MoneroV.

The MoneroV community looks forward to welcoming users, enthusiasts, and contributors to further enhance the development of MoneroV.

MoneroV Team

According to the developers, these are the features of upcoming hardfork:

  • Secured 
    • Decentralized peer-to-peer blockchain transaction consensus enables MoneroV to be secure and reliable.
  • Scalable
    • Using lower transaction fees and advanced modification to the core mechanism in the way MoneroV calculates transactions and balances, we are aiming to make MoneroV fully scalable by integrating the MimbleWimble protocol.
  • Private
    • MoneroV is truly anonymous and private. Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions. Your identity cannot be linked or traced to a transaction on the MoneroV blockchain.

As team plans, the fork itself will happen approx. on 14th of March. The x10 Airdrop of MoneroV coins to XMR holders is planned on the 18th of March. Light-weight GUI wallet and web wallet release is planed in June 2018.

These are the specs of MoneroV:

  • Coin Supply - Capped at 256 Million XMV. Smooth emission decline until minimum.
  • Circulating Supply at Hard Fork - ~158 Million XMV (10x circulating XMR supply as airdrop).
  • Proof of Work - CryptoNight (to be changed)
  • Difficulty Retarget - Every block. Adjusted difficulty initially after Airdrop.
  • Block Time - Every 120 seconds
  • Block Reward - Smooth decrease. Minimum of 6 XMV per block at 184,467,440 XMV in total emission.
  • Block Size - Dynamic, max 2xM100
  • Privacy - Ring signature / stealth addresses

There is no info on the XMV team.