Monero Multisignature implementation testing started

Multisignature will help Monero to to compete better with cryptocurrencies, in which this technology has already been integrated
07 November 2017   1260

The terms for adding the multisignature function to the Monero cryptocurrency have not yet been determined, but work in this direction is underway, and users are already offered the opportunity to test this option. This is reported by Merkle.

The multisignature function has been known for a long time to users of bitcoin and allows wallet owners to enhance their security by signing up of a third party to confirm transactions.

At the same time in Monero, this functionality has not been implemented so far, as its implementation is complicated by the structural features of the cryptocurrency. However, recent events suggest that at some stage this will still happen.

In particular, some time ago, changes were made to the records in the Monero repository on Github. So, earlier all files related to the multi-signature technology were accompanied by the "DO NOT MERGE" tag, but at the end of last week this tag was deleted.

Additionally, the developer with nickcname "Moneromoo" who is responsible for the implementation of the multi-signature asked the community to test and evaluate the new option.

According to the publication, the introduction of the multi-signature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated. In addition, a multi-signature can in the long run affect the state of affairs in the darknet. It is possible that a number of marketplaces can go along the way of abandoning bitcoin and wider adoption of Monero with its higher level of anonymity.

Billionare's Wife Kidnappers to Demand €9M Worth XMR

Anna-Elizabeth Falkievik Hagen was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking
10 January 2019   422

In late October, the wife of one of the wealthiest entrepreneurs in Norway, Tom Hagen, was kidnapped. The kidnappers are demanding a ransom of € 9 million in Monero, according to Norway Today.

Anna-Elizabeth Falkievik Hagen, 68, was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking. A note with a ransom request was also found there.

Note that Interpol and Europol are involved in the investigation of the case of Falkievik, and the fact of the abduction was kept secret for a long time for security reasons.

Today, January 9, the police confirmed that Falkievik was abducted, and communication with the criminals takes place exclusively through some kind of "electronic platform". In addition, in December, the kidnappers could not provide evidence that she was still alive.

Probably the Falkievik case is the first time in Norway when a ransom is demanded in a cryptocurrency equivalent. Nevertheless, the police recommended that the criminals be denied their claims.

Tom Hagen is the founder of Elkraft AS, a power supply company. His fortune is estimated at 1.7 billion NOK (€ 170 million).

Earlier, employees of the local prosecutor’s office in Kiev and the National Police of Ukraine detained two suspects accused of stealing a miner in March of this year and stealing $ 50,000.

Now they face up to 15 years of imprisonment for robbery committed by a group of individuals in a preliminary conspiracy, infiltration and theft in a particularly large scale.