Monero exchange rate rose by 13% after the network’s hard fork announcement

The developers of the anonymous cryptocurrency have scheduled an upgrade for July 16

20.04.2022 - 14:05

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What’s new? The price of Monero (XMR) has risen by 13% since April 17, according to the Binance exchange. This came after the announcement of a hard fork, which will improve the network’s security and reduce transaction fees thanks to a ring signature technology. As of April 20, XMR is trading at $255,9.

Information about the hard fork on GitHub

Details of the hard fork. The Monero developers announced on GitHub that they will prepare the main changes on May 16 and upgrade the testnet immediately thereafter. On June 16 there will be an official release of client version 0.18 and on July 16 there will be the hard fork of the Monero mainnet on block 2 668 888. This will be the 15th protocol change for Monero.

What is known about Monero? Monero (XMR) is a cryptocurrency with the function of ensuring the complete anonymity of transactions and protecting the privacy of transaction participants. The coin was launched in 2014. The daily trading volume is $275 million.

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