The absurd growth of the crypto market since the last half of 2017 has brought about an increase in adoption rates and acceptance across corporations and governments. Despite the recent price struggles the cryptocurrencies have been facing, blockchain development teams have improved their respective platforms with most blockchains in the top 50 migrating to their own Mainnet including Tron (TRX), VeChain (VET) and other altcoins across the board.
In all the glory, Monero (XMR), is amongst the brightest shining cryptocurrency stars in 2018. The privacy coin based network, has seen an all-round growth in technological development, community togetherness, increase in miners and price relatively to the bearish trend witnessed since ATH placing it high on most analysts coin of 2018.
The Monero blockchain fork in April
At the start of the bearish trend in early March this year, Monero started having a fallout within the community as some of the members forked the blockchain to “five different coins” citing the ban of application specific integrated miners (ASIC) miners on the original Monero blockchain. The move was aiming at keeping the mining of Monero profitable to all players in the field as ASIC miners centralizes the power amongst the owners of these miners.
As much as forks of coins at times leaves one side chain feeling shortchanged and constant wrangles within the community, Monero was carried out differently, as it always does. The fork in no way affected the main Monero chain as the community members came to an agreement that the removal of ASIC miners was a step back in decentralization of XMR.
With the community now stronger after the fork was completed, the development team has worked towards various partnerships and technological developments on Monero. In the recent times, Monero announced that it will use BTCPayServer to start making payments in quest to lessen the overall transaction fees seen on the privacy platform.
The Monero Malware Workgroup
“The Monero Malware Workgroup is a self-organized set of volunteers that maintains these resources and provides live support.”
Notwithstanding, the Monero announced on their blog last week the launch of the Monero Malware Response Workgroup Website that aims to reduce the unauthorized mining of Monero on users laptops. In as much as the Monero team will be pleased in seeing the mining of Monero increase through massive mining their latest statements show the need for the restriction of unauthorized mining of XMR.
”We created a set of resources that explain the basics of Monero and mining. We also have resources explaining and helping stop/remove unwanted in-browser mining, system mining, and ransomware. The website is purposefully approachable to absolute newcomers so that anyone can understand, though it offers actionable information that novices and experts alike can follow. It’s our mission to resolve an unfortunate situation as well as possible.” – Monero blog on its launch of the Monero Malware Response Workgroup Website.
Monero (XMR) has heavily benefited from the drop of its largest competitor, Verge (XVG) earlier in the year after a partnership with Pornhub went bizarre. However, with the resurgence of XVG in the past few days and a real threat from ZCash (ZEC), XMR will hope to improve price wise in this last quarter of the year to remain top in its category.
XMR currently trades at $114.10, representing a 1.38% loss in the past 24 hours.