Today Monero price became more $ 240

Monero hit own price record on December, 05 and can grow up more
05 December 2017   285

The price charts indicate that the prices of the privacy-focused cryptocurrency Monero are at an all-time high and could grow up else. CoinMarketCap reported the XMR has appreciated 19 percent in the last 24 hours. Monero (XMR) moved hit previous record over $ 210 today and was trading at the new lifetime over $ 240.12. In the short-term Monero could grow up to $265–$270 levels.

Also this cryptocurrency could became more popular including due to using payments scheme in music industry. A range of well-known musicians for example Mariah Carey, G-Eazy, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency Monero. Now users can buy albums and merchandise at a discounted cost, including 15 percent reductions on items from Carey's store, Mötorhead, Alice Cooper and more.

CoinMarketCap data shows the rally is being in part fueled by Korean desks. Volumes of trading pair of XMR/KRW which  one of the largest South Korean exchanges Bithumb reported about, have grown up by 30 percent over the last day.

Monero to Preserve Its ASIC Resistance

On Sunday,  Monero developers published a development update on PoW change and key reuse  
14 February 2018   115

The development update addressed a recurring question among altcoins that can currently be mined profitably with GPU hardware and how to respond to the threat that a mining rig manufacturer will develop an ASIC miner built to mine Cryptonight.

The Monero developers are going to protect the network’s ASIC resistance by modifying its PoW algorithm at a scheduled hard fork. The hard fork occurs two times per year. The XMR users will not notice these changes. The changes will alter the network’s hashing algorithm that Cryptonight ASIC miners will have to follow every fork.

However, if these scheduled PoW forks will not be enough to disincentivize the development of ASIC miners for Cryptonight, Monero will modify PoW algorithm at a nonscheduled fork in order to prevent any potential threat from ASICs.

According to the development update, this stance will ensure that Monero mining remains relatively democratic and decentralized at least until such time the same can be said of the ASIC mining industry. The developers believe that any transition to an ASIC-dominated network needs to be as egalitarian as possible in order to foster decentralization.

Currently, the ASIC market is dominated by Chinese manufacturer Bitmain. It means that it would be simple for governments to force companies like this to build “kill switches” into the miners or sell rigs to customers who obtain special government licenses. By contrast, GPU miners rely on general-purpose computer chips. It makes regulator’s attempt to force miners to acquire government-issued licenses impossible.

The first PoW adjustment will be implemented at the network’s next hard fork, which is currently scheduled for March.