Post
Topic
Board Altcoin Discussion
Re: CryptoNote technical discussion and Chess Challenge
by
XMRChina
on 24/03/2016, 04:19:48 UTC
Cryptonote technical discussion:

Monero yesterday completed its first planned hard fork, implementing several changes:

1. Block time 1 minute -> 2 minutes (with block reward also doubled)

2. Minimum block size increased to 60 KB (50% increase from the previous 20 KB considering the block time change)

3. Minimum mixin requirement on all transactions (with some special exceptions for existing "dust")

4. No new "dust" allowed.

There were some minor glitches with forks of the pool software (though the original open source software apparently works fine), but other than that everything seems to have gone well.



This is an important milestone for Monero. All of the changes above would be very controversial and difficult for Bitcoin to adopt.