MoneroV Hardfork Airdrop Date Unveiled

Developers claim to provide x10 XMV to XMR holders at block 1529810
19 February 2018   1101

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. 

Monero V Hard Fork Postponed

The snapshot date is postponed to April 30, block 1564965 so as to facilitate the third-party services requests
20 March 2018   185

MoneroV is a private cryptocurrency fork of the Monero blockchain. Previously we have reported about the Monero V hard fork after which all Monero holders as of block 1529810 should have become the owners of MoneroV on March 14, 2018. 

However, the team of the project has reported that due to the growing demand and increasing expectations from users, trading platforms, and large mining pools, it has decided to postpone the snapshot date to April 30, block 1564965 to facilitate third-party services requests.

Monero V hard forkMonero V Hard Fork Date Postponed

New features:

  • Replay protection, transactions on the Monero blockchain will not be able to be replayed on the MoneroV blockchain.
  • MoneroV codebase is currently fully functional and tested on macOS Sierra, Windows, 64-bit and on Linux, 64-bit. 
  • Some new procedures will be tested, including testing the time gap between the snapshot date and mainnet release, and raising the minimum ring signature, that will help mitigate an issue that was raised that the hard-fork split might reduce the effective privacy set of ring signatures – one of three private properties of the Monero & MoneroV blockchains.

Moreover, MoneroV’s source code, MoneroV GUI wallet, the MoneroV daemon will be published on Github publicly for the community to audit before released in downloadable form.