"Bulletproof" Updates on Monero Network Make Transaction Fees Drop to Almost Zero

A hard fork implemented on the Monero network on Thursday caused transaction fees to drop to almost zero.

The updated cryptography called "bulletproofs" seeks to scale privacy features of the Monero network by changing how confidential transactions are verified.

It is speculated that the drop in transaction fees will lead to more uses for Monero.

Monero price dropped from $106.25 on Thursday to $104.69 on Sunday (source).

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Great news!

Yes an awesome update!

Transaction time is important for monero. So far my experience is that they are too long.

Posted using Partiko Android

Obviously the technology exists that transaction times can be lightning fast - STEEM proves it, with 10K transactions per 3 seconds! Almost every other crypto looks ridiculous and outdated compared to it.