Monero [XMR] transaction fees plummet to 2 cents post the ‘Bulletproof’ hardfork

in monero •  6 years ago 

Coinmetrics.io, one of the Cryptoasset Analytics firms tweeted about the average transaction fees of the privacy coin, Monero [XMR] and stated that it has dropped to 2 cents. The recent Monero hardfork which took place on 18th October is considered to be the reason behind this plummeted value.

The hardfork mainly concentrated on implementing a technology known as ‘Bulletproof’ on Monero. Bulletproof technology is a short non-interactive zero-knowledge proof without a trusted setup. The need for such a solution raised when the transaction details of the cryptocurrency had to be hidden from public validation.
https://ambcrypto.com/monero-xmr-transaction-fees-plummet-to-2-cents-post-the-bulletproof-hardfork/
firearm.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

You got voted by @curationkiwi thanks to samar47! This bot is managed by Kiwibot and run by Rishi556, you can check both of them out there. To receive maximum rewards, you must be a member of KiwiBot. To receive free upvotes for yourself (even if you are not a member) you can join the KiwiBot Discord linked here and use the command !upvote (post name) in #curationkiwi.