Amid IRS bounty and competitor progress, Monero developers ship a major update

First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed ‘Oxygen Orion.’ The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance.  The highlight of the new update is the compact linkable spontaneous anonymous group (CLSAG) feature. According to the Monero blog, CLSAG will reduce transaction sizes by 25% and improve transaction times by 10% while maintaining transactional privacy. The developers wrote:  “CLSAG enables smaller and faster transactions with…

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Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report

Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies, Bitmain’s Antminer S19 Pro and Microbt’s Whatsminer M30S+. Over a three-day period, the team measured various performance metrics such as energy efficiency, hashrate, temperature, sound, and “even the airflow speed from the main outlet.” It concluded that the Antminer machine, though priced higher, is more energy-efficient, achieving 29.7 joules per terahash (J/TH),…

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August 9, a few…

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75 Companies Back Facebook Libra’s Competitor Celo

Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday a 50% increase in the number of its members. The foundation explained that “The scope of membership remains focused on use cases, furthering the mission of financial inclusion and prosperity, and adoption of Celo’s technology.”…

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