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Monero : Every detail about latest hardfork + Technical AnalysisHi friends. hope you are good. today i want to tell you some details about August 14 Monero Hardfork. after that we take a look at XMR chart and analyze that in price action. Lets Do Them: This fork happened at block 2,688,888, this Sunday (14 August). It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information. Such as key sets and data synchronization between wallets, as explained on their website: “Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed. Instead of one Monero wallet creating, signing, and submitting transactions all on its own, you will have a whole group of wallets and collaboration between them to transact.” The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism. At the end lets see some after effects: 1-Monero’s block size increases. 2-XMR’s market capitalization rose 3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes. 4-Whales began to showcase interest to XMR. Hope you enjoy this article. now lets see Technical analyze of XMR on marketcap: please share me your opinion about this post in comments. we will grow togheter...
CRYPTOCAP:XMREducation
by TraderAmin-KZ
EW Analysis: XMRBTC May Break 2019 LowsHello traders! Today we will talk about XMRBTC and its price action from Elliott Wave perspective. XMRBTC is sideways since 2019 and it's ideally forming a big bearish triangle pattern in wave "iv", which means that we should see even more weakness and sooner or later we may see new 2020 lows that can send the price down to 0.0060 - 0.0050 area, if not even lower. XXX/BTC crosses are highly dependent on BITCOIN.Dominance, which we still see it bullish and it's looking for more upside, so BTC will most likely stay stronger than ALTcoins and most of XXX/BTC cross pairs may remain under bearish pressure. Be humble and trade smart! If you like what we do, then please like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
XEducation
by ew-forecast
3
My understanding of the market cyclesThe idea is purely for educational purposes and SHOULD NOT be considered as trading advice. Based on my understanding of the market cycles I have tried to summarize how the money flows into the crypto market using Bitcoin USD and Large Cap Index/ BTC price as reference. The large cap index consists of XRP, ETH, LTC, ETC, NEM, XMR - basically large caps which are consistently in the top 15 since 2016 and covers more than 50% of the altcoin market. There are several reasons why newer alts(like BCH, Cardano, Neo) are not considered for the analysis, lack for sufficient historical data being the primary reason. Moreover, I have seen the market to move in tandem i.e. all altcoins go up and down togeather so the index is sufficient to study the market cycles. I hope you like the idea. Please share and follow incase you find it useful. I am also curious about why
Education
by saurabhbansal123
4
Monero vs Zcash – Which is better and why?So guys, today I will talk a bit about the differences between Monero versus Zcash. I got a few question about this, so let me make clear. First of all you have to decide what you are going to do. Mining or investing? If you will decide if there are security reasons in the decision, both cryptocurrency is perfect. But here are a lot of differences between Monero (XMR) and Zcash (ZEC So let’s talk first about Monero (XMR) and after that Zcash (ZEC). Monero is an absolutely high privacy based crypto. Was created in 2014, so that means it is a relatively old crypto money. You can send money with them so neither the receiving party nor the sender’s details and the transaction are public in the blockchain. Many of Monero fans, and investors thinks that are the truly advantage of the coin. For example Bitcoin don’t have this privacy. There are all transactions traceable and visible on the chain. Thanks to this feature, you have the chance to have every transaction completely secure and unvisible. All data are private, such as the sender, the receiver and transaction amount. It focuses on protecting and encrypting the parties. The technology behind Monero, called CryptoNote. Which is a high secure privacy protection algorithm. For this reason, the entire process can not be traced. It is untraceable. You rightly think that every crypto is untraceable, but sadly that is not the point. That’s why Monero is so awesome. You can store your XMR in a Monero GUI wallet. The price for Monero at this time is 350 USD, and still growing. Just in comparison end of September 2017 it was only 99 cents. So Zcash: Let’s take a closer look. The most significant difference between Monero vs Zcash is the privacy. I have a bad news guys, Zcash don’t have all this things that I listed above. It’s secure but man that is a cryptocurrency, it should be safe. So in my opinion that isn’t a big feature of Zcash. It is traceable, the transactions (80-90% of them) are public. Your transactions can be visible on the chain, so in that reason it isn’t so safe and secure than Monero. Only 10-15% of all transactions are secure, because security reason. Zcash don’t want to finance any questioned businesses. When you want to send money completely secure, you can do it, so you can choose between 2 options. In my opinion the greatest disadvantage is that Zcash is a company. So can’t be decentralized and when the founders want create more Zcash for themselves they can do it. So the system can be very manipulative. There also the thing that 20% of all Zcash transactions goes to Zcash and to the founders. The actually price for Zcash is 550 usd, and also growing. Let’s summarizes the Monero vs Zcash fight. Monero has a lot more advantages wasn’t founded by a company, does not depend on anyone and is entirely focused on security and anonymity. For those who are important not to be traced, it is definitely a better choice. I’m not saying that the Zcash is bad, but there are some of its owners which make it less attractive to me in my eyes.
ZEducation
by Emperor_Penguin
3
Monero Compatible Bulletproofs: they're awesome, they work Here is a quick update on Bulletproofs and their role in Monero. Bottom line: they're awesome, they work, the fees are lower, and they're moving into testnet. Monero's confidential transactions hide the amounts involved. To ensure that inputs and outputs balance properly in a way that can be verified by anyone, we use commitments that have useful algebraic properties. However, this isn't enough. We also need to ensure that each amount is a positive value that won't risk an overflow, and this is where range proofs come in. A range proof allows anyone to verify that a commitment represents an amount within a specified range, without revealing anything else about its value. Our current range proofs scale linearly in size with the number of outputs and the number of bits in the range (currently 64 bits), meaning they make up the bulk of a transaction's size. Further, this means that a transaction with multiple outputs needs multiple separate range proofs. Not great. Thanks to a fantastic new paper by Bünz, Bootle, and others, there is a more efficient way to handle range proofs. The size of a bulletproof increases only logarithmically with both the size of the range and the number of outputs. This gives us two related types of bulletproofs: single-output and multiple-output. A transaction with multiple outputs can either include several single-output proofs or one multiple-output proof (which is smaller than the separate proofs). Let's look at the typical two-output transaction, where I send you some XMR and direct the change back to myself. With our current range proofs, the transaction is around 13.2 kB in size. If I used single-output bulletproofs, the transaction reduces in size to only around 2.5 kB! This is, approximately, an 80% reduction in transaction size, which then translates to an 80% reduction in fees as well. The space savings are even better with multiple-output proofs. This represents a significant decrease in transaction sizes. Further, our initial testing shows that the time to verify a bulletproof is lower than for the existing range proofs, meaning speedier blockchain validation. We have working Java test code for bulletproofs available now (at this GitHub repo) for both single and multiple outputs. The code for single-output bulletproofs has been ported to C++ by moneromooo (found at this pull request) and will be available on testnet shortly. The code is being reviewed and tested thoroughly. Multiple outputs raise some issues that need further thought. Because bulletproof verification is linear in the number of outputs (while the size scales logarithmically), an attacker could pack a transaction with many outputs; this tiny transaction would require low fees but would be computationally expensive to verify, opening the door to denial-of-service attacks. Because of this, we will need to adjust the fee structure away from transaction size and take into account the verification scaling. This doesn't mean fees go up, though! It just means that the fees will scale properly and in a safe way. To avoid any problems, we're deploying bulletproofs in two stages. You'll first see only the single-output proofs. A two-output transaction will initially use two separate proofs, which still offers massive savings from what we have now. You'll see lower fees and faster verification times. We'll continue discussions about fee structure while we test multiple-output proofs, and later deploy them as a second stage. We want to encourage miners to use multiple-output proofs while being safe about fee scaling. Overall, bulletproofs represent a huge advancement in Monero transactions. We get massive space savings, better verification times, and lower fees. If you're a fan of testnet, keep an eye out for bulletproofs!
POLONIEX:XMRUSDEducation
by Emperor_Penguin
1