The most recent upgrade was the remarkably successful implementation of the hard fork to decrease the proportion of transaction data, resulted in cheaper and swifter transactions. The active Monero community highly welcomed this upgrade as it will undoubtedly increase the operational capability of one of the most popular privacy coin in the market.
According to the official Monero site, its developers had already initiated the practical implementation of Bulletproof in early December 2017. In the same report, a community developer, by the name of Sarang Noether, recognised bulletproofs for its unique ability to further strengthen the security and anonymity of the coin at a fraction of the initial size. This development herald as a massive breakthrough for the community.
After months of devoted demo implementation, Monero (XMR) developers ultimately achieved success on Thursday following its impressive upgrade to v0.13.0.0., which is now known as “Beryllium Bullet.” There are invariably many technical modifications that the update has introduced, the chief among them are the two significant developments for the privacy enthusiasts that caught the eye of frequent users.Monero's transaction cost almost zero! Click To Tweet
The first notable change with this upgrade was undoubtedly the PoW-backed blockchain bore a small consensus protocol change. This crucial development was initiated to “curb any potential threat of ASICs and to preserve the ASIC resistance” of the network.
Next followed the surprising addition of CryptoNight ASICs. According to market analysts, this unusual addition may inevitably result in the extinction of GPU miners on a significant scale, to the dismay of this well-decentralised network which may radically transform it into a re-centralised system.
As market analysts are yet to update their graphs to sufficiently indicate the Beryllium Bullet blockchain upgrade, it is still not clear as to how much it will benefit users like us. Nevertheless, the average XMR transaction has decreased to 3.7kb, almost a 90 per cent decline against the previous average of 18.5kb. This brilliant move to sufficiently decreases the size of transactional data can be regarded as a significant progress for all XMR miners.