Monero Transaction Fees Reduced by 97% After Bulletproofs Upgrade

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

After the recent hard fork upgrade of its protocol, Monero has seen its transaction fees shrink by approximately 97 percent, dropping from 60 cents to just 2 cents. Crypto analytics firm Coinmetrics shared a tweet confirming the drop in fees and their corresponding reduction in transaction size, falling from 18.5kb pre-fork to 3kb — an 80 percent change.

READ MORE  Apollo Currency - Scam or Legit? Privacy Cryptocurrency

The upgrade, called “Monero 0.13.0 Beryllium Bullet,” implements “bulletproofs.” First introduced by researchers at Stanford, the…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *