Monero light and hardware wallets to be launched

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets
15 September 2017   492

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets, as reported by btcmanager.com.

Thus, up to now, Monero users have relied on the official Graphical User Interface and Command Line Interface wallets, with no mobile or hardware support. There was hope that Jaxx would integrate Monero into their blockchain wallets, but then the company announced it would stop the project. According to Jaxx,  there were difficulties in obtaining the required information to build a light wallet, as the privacy-focus meant that basic operations like asking a node for information were not possible.

However, now there is a new hope for wallets to support wider adoption. As btcmanager.com details, the bounty for a light wallet meeting various conditions was claimed by the creator of the Android wallet, Monerujo. For creating an Android wallet where users can connect to their own node, receive and send payments with QR codes, as well as other functions, a bounty of 36.44 XMR (worth $3,414.42 at the time of writing) was awarded to m2049rthe individual who developed the software.

Hence, once extensive testing ensures the wallet is safe, the wallet will be available on the Google Play Store and F-droid, an alternative for free and open-source software.

Monero on coinmarketcap.com Monero on coinmarketcap.com

At the time of writing, Monero cryptocurrency price is about $94, its market capitalization $1,415,111,928.

Monero to Undergo Hard Fork

All Monero holders as of block 1529810 will become owners of MoneroV on March 14
21 February 2018   59

MoneroV is a private 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.

MoneroV hard fork roadmapMoneroV Roadmap

Features:

  • Decentralized peer-to-peer blockchain transaction consensus
  • Using lower transaction fees and advanced modification to the core mechanism in the way MoneroV calculates transactions and balances
  • Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions, and the identity cannot be linked or traced to a transaction on the MoneroV blockchain

Specifications:

  • 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 - Minimum of 6 XMV per block at 184,467,440 XMV in total emission
  • Block Size - Dynamic, max 2xM100

Monero holders prior to the hard-fork split that will occur in block 1529810 will receive 10 times their holdings in MoneroV coins.

No official statements regarding the support of the fork by exchanges were made yet.