Development, Releases, and Technology

Monero is scheduled to undergo a network upgrade (hard-fork) on the 16th of July 2022, at block 2,668,888. This is a consensual upgrade agreed upon by the Monero community in order to improve Monero’s privacy and performance, and will require all users to update their software. The new software is v0.18 "Fluorine Fermi", and will be released one month before the network upgrade around the 16th of June. The network upgrade will include a variety of new features such as:

Ring-size increase from 11 to 16 to increase privacy
Viewtags to reduce wallet-sync times by up to 40%
Bulletproofs+ to reduce transaction sizes by ~7%, and improve verification performance by ~7%.

A complete list of upgrades and improvements will soon be released along with the new software. If you want to learn more about Monero’s upcoming network upgrade, please check out this post on the official Monero website. You can even read chat logs from the Monero Dev Meeting on April 16th discussing the upcoming network upgrade.

https://www.getmonero.org/2022/04/20/network-upgrade-july-2022.html

If you can help with Monero’s upgrade, be it simply notifying wallet or exchange providers, please check out this ‘upgrade checklist’ to ensure all parties appropriately update their software and make the necessary changes.

https://github.com/monero-project/meta/issues/690

Additionally, help test the upcoming major Monero release for bugs on the Monero Testnet. Testnet funds (tXMR) available for anyone willing to help out! Check out this post from garth_xmr for more information on how to get started and why you should help.

https://www.reddit.com/r/Monero/comments/uqznue/help_test_the_upcoming_major_monero_release_for/

P2Pool has continued to show tremendous growth and recently hit 1500 active miners. Monero dev sech1 updated the community saying that thanks to the recent Monero GUI release which added P2Pool support, P2Pool-mini has over 1000 active miners now (up from less than 300 miners 2 weeks ago). Everybody is encouraged to support the Monero network and run your own node!

r/Monero - P2Pool is growing! — https://www.reddit.com/r/Monero/comments/urh3oe/p2pool_is_growing/

SChernykh setup a testnet P2Pool to check that everything works correctly during the upcoming network upgrade. Testing was completed without any issues.

DragonSided-D provided an easy to follow guide to how to setup a Monero node. Check it out here.

https://www.reddit.com/r/Monero/comments/upnjyo/comment/i8m7ps1/?utm_source=share&utm_medium=web2x&context=3

mWo12 shared a preview of what Monero blockchain explorers will look like after the network upgrade in July.

https://external-preview.redd.it/djpN8olRPMlIEnqBlc-zTI7KntMAZqBktcZECnWPts8.png?auto=webp&s=63040c44d5fd0bf509aae9cc63f3a22c02f7030c — https://www.reddit.com/r/Monero/comments/up4ac2/preview_of_upcoming_v15_monero_network_update/

The Cake Wallet team at Monero.com have added many cool Monero charts to their website, including charts showing the monthly Monero transactions compared to other privacy coins/tech, and Monero’s stock to flow. It’s similar to Moneroj.net.

Monero’s network upgrade will include a feature called View tags, which will reduce wallet-sync times by up to 40%. Wondering what view-tags are? Check out this post from LocalMonero, or if you want a simple explanation, enjoy this entertaining cartoon from Gingeropolous explaining view tags.

https://moneroworld.com/viewtag_cartoon.html

The Monero Observer put out a new Dev Report to provide a big picture view of Monero development activity throughout the past week. If you’re interested in the nitty gritty, check it out here.

Monerujo have released a new minor beta version on the f-droid alpha and github with an upgrade to Monero Core v0.17.3.2, along with support for Ledger Nano S plus!

Monerujo @monerujowallet

We released a new minor beta version on the f-droid alpha and github with an upgrade to Monero Core v0.17.3.2 & support for Ledger Nano S plus!

github.comRelease Baldaŭ · m2049r/xmrwalletMAKE SURE YOU HAVE YOUR SEEDS Overview This is minor release v2.4.2 “Baldaŭ” upgrading to Monero Core v0.17.3.2 & adding support for Ledger Nano S plus Warning: Uninstalling the app will delete you...

Shruum Wallet, a Monerujo fork with added security by adding and removing certain features, have released v1.1.1. Check out the update here!

Cake Wallet are hiring and are looking for developers to join their team! Check out this post for more information.

The Haveno DEX team provided an update to their progress. Check it out here!

ForgotSudo, who is developing a decentralized Monero marketplace, provided an update on their developments. Check out the update here.

Koe put forward a CCS for continued work on Seraphis. Check out his proposal here.

jeffro256 is also looking to work on Monero and along with other things, improve the Monero node selection in the GUI wallet to help people avoid paying high fees from malicious nodes.

It appears Google supports Monero in its Assured Open Source Software service.

https://github.com/google/oss-fuzz/tree/master/projects/monero

Monero Talk published a recording from Monerotopia all about Monero and quantum computing. It features Adam Corbo, a physicist and cryptography and quantum qomputing enthusiast, giving an overview of the Monero labs’ post-quantum audit and the future of blockchain technology in the post-quantum paradigm.

General News

Exodus Wallet posted an article all about Monero titled Monero XMR update 2022. The article is quite comprehensive and well worth the read.

https://www.exodus.com/news/monero-xmr-update-2022/

Stoic HODLer published a blog titled CBDC’s are coming… Why Privacy is NOT NEGOTIABLE in money. Check it out here.

The Monero Talk team released their video from the Monerotopia conference of Philip Zimmermann, the inventor of PGP (Pretty Good Privacy encryption program) speaking about preserving democracy with cryptography.

If you’re a Spanish speaking Monero enthusiast, check out this video below.

The Monero Observer, an excellent Monero news source, informed the community that they are 100% open source.

https://www.reddit.com/r/Monero/comments/upsmgy/monero_observer_is_100_open_source_content_and/

A Firo developer provided insight into the benefits of a tail emission to ensure future network security.

Reuben Yap @reubenyap

An observation: Most agree that $LUNA / $UST failed because of a flawed design that they should have known about or that was 'working as intended'. What if I told you #Bitcoin $BTC also has a flaw in its design as well because of its 21M limit? /1

While not directly related to Monero, there has been a recent meeting in El Salvador to discuss cryptocurrency, and financial inclusion within digital economies.

Nayib Bukele @nayibbukele

Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.

Events

Monero’s tail-emission is not far off, and will begin at block 2641623 on approximately the 8th of June. Wondering what the tail-emission is, and why it’s important for Monero’s future success? Check out the screenshot below, and read these posts here and here.

https://www.getmonero.org/resources/moneropedia/tail-emission.html

GRAMPY @CryptoGrampy

#Monero is a disinflationary money with inflation currently below #Bitcoin and gold at around sub 1%. It has a built in security budget- a tail emission block reward that lasts FOREVER. This is a feature. Inflation will continue to trend toward 0% as time goes to infinity.

A Monero Tail Emission Day Global (Meet Up) celebration is taking place in NYC, Colorado, Las Vegas, Chicago, and more places on June 8th. You can celebrate the end of Monero’s nominal supply and the beginning of tail emission with your local XMR community! You can even start your own meetup in your city! More information can be found here.

https://preview.redd.it/9ggoq1pryny81.png?width=1668&format=png&auto=webp&s=bff5052af97a5a2f0dc86bc428476a97a69e45b0 — https://www.reddit.com/r/Monero/comments/ummf0v/nyc_monero_tail_emission_day_global_meet_up/

Justin Ehrenhofer 🎂🏳️‍🌈 @JEhrenhofer

It's well past overdue for a #Monero Chicago meetup. I'm hosting one in-person on the day of Monero's tail emission, June 8th! meetup.com/Monero-Chicago… @monerotopia

meetup.comMonero Tail Emission Chicago Celebration - June 8th, Wed, Jun 8, 2022, 4:00 PM | MeetupWed, Jun 8, 4:00 PM CDT: **Come celebrate the end of Monero’s nominal supply and the beginning of tail emission with [Monerotopia](https://www.youtube.com/c/monerotalk) and [Cake Wallet](https://ca

The next Monerokon 2022 Planning Meeting is scheduled to take place on Saturday, May 21st 2022 at 18:00 UTC in the #monero-events IRC channel.

The Monerokon Conference is now SOLD OUT!

https://monerokon.com/products/monerokon2022

The Monerokon Conference is being helding on the 18-19th of June at Arroz Studios in Lisbon, Portugal. MoneroKon is going to be a celebration of all things Monero, privacy, and financial technology, and is aiming to be ‘the’ annual meeting of privacy advocates, cypherpunks, scientists, and philosophers.

r/Monero - Monero Lisbon 2022: Call For Proposals — ttps://monerokon.com/

Exchanges and Merchants

Binance has added XMR as a collateral asset on the Binance Loans platform. Binance have been accused of running an XMR fractional reserve so Monero commmunity members expressed strong opinions regarding this announcement.

https://www.binance.com/en/support/announcement/a0bd5f2e306147bb9c7e0c0c72852251

In case you missed it, here’s a video of Rolf van Wegberg speaking at Monerotopia about Darknet Markets and Monero.

Community Crowdfunding

Several crowdfunding proposals are awaiting community feedback before they can start accepting funds through the Community Crowdfunding System (CCS). For now they are just proposals, but if they receive some positive feedback from the community they will be moved to a “Funding Required” stage so that they can accept Monero donations through the CCS.

CCS proposals currently open:

CCS Projects requiring funding or have been recently funded:

https://ccs.getmonero.org/funding-required/

Additionally, there is a 5 XMR bounty for whoever can fix the Monero Bounties crowdfunding website. Check out this post for more information.

Trading & Speculation

XMR/USD recently bounced up from its 200 day moving average (orange line) but has failed to gain bullish momentum over the past four weeks.

CryptoBullet is suggesting their may be more downside before XMR moves up.

Performance

Total Monero in Circulation — 18,123,027 XMR

Monero Total Marketcap — $2,826,717,789

Coinmarketcap Ranking — #30

XMR/USD Price — ~$156 USD

XMR/BTC Price — 0.00535 BTC

LocalMonero.co Street Price — $174 USD

Average Transaction Fee — 0.00011 XMR ($0.017)

Hashrate — 2.948 Ghash/s

https://bitinfocharts.com/comparison/monero-hashrate.html#3y

Monero Mining Pools Hashrate Distribution —

Entertainment

r/Monero - Typed "Monero" on an AI art maker — SpySTAFFO15 typed Monero on an AI art maker - https://www.reddit.com/r/Monero/comments/uq3efv/typed_monero_on_an_ai_art_maker/

https://www.reddit.com/r/moonero/comments/m4txd7/always_improving/

r/moonero - Newb Use of Monero is More Private than Ninja Use of Bitcoin — https://www.reddit.com/r/moonero/comments/iqc0zf/newb_use_of_monero_is_more_private_than_ninja_use/

r/moonero - We are waiting — https://www.reddit.com/r/moonero/comments/qrrksp/we_are_waiting/

r/moonero - Not too early and not too late — https://www.reddit.com/r/moonero/comments/7g78az/not_too_early_and_not_too_late/

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Support Monero

Want to help contribute to the Monero Project? Developers, marketers, event coordinators, translators, Instagram personalities, meme creators, public speakers — whatever your skills may be, it is extremely likely there is something you can do to assist. I urge you to reach out to the Monero community on Reddit, IRC, GitHub, Twitter, or Telegram. The official Monero website is GetMonero.org.

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DISCLAIMER: This publication contains opinion for informational purposes only and does not constitute investment advice. Information may contain errors and omissions. Use solely at your own risk. The author of this publication and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties with out verifying their credibility.

The Monero Moon

The Monero Moon (Issue 43)