Monero activated The Oxygen Orion code with the hard fork occurring last October 17th. The price of XMR, the network’s cryptocurrency, has increased by 35% in the last four weeks.
Last October 17th, the non-contentious hark fork of the Monero blockchain occurred. Due to an error in the new software version v0.17.0.0, some nodes got stuck in block 2210720.
According to a post on Monero’s Reddit official account, the software error causes the sticking of both the nodes synchronized from scratch and the existing nodes not synchronized beyond the 2210720 block. Also, those that are offline waiting to synchronize get stuck. Regardless of this error, the network has continued to operate properly, they state in the message.
They made a minor update to the software version to correct the problem. They have been working on it since October 18th, according to the Monero blog. For that reason, the developers invite users to update to the new software version v0.17.1.1, which contains a patch to correct the error. They make it clear that the error has not affected those who have managed to synchronize the node beyond block 2210720.
The nodes that have gotten stuck on Monero include the localmonero.co block explorer and some third-party services such as bitinfocharts. One of the forum participants on Reddit noted that these browsers have been showing a much lower transaction count than what is occurring.
The Monero developers say that, in addition to solving all these stuck nodes, they are making other minor corrections with the patch. Among them, they mention an “improvement to the start/stop screen and a correction to wallet stalling on closing.”
Price of XMR Rises After Hard Fork Is Activated
Users could download the software version v0.17.0.0, called Oxygen Orion, since the end of September. The client arrived before the hard fork activated on Saturday 17th.
With the new code, they incorporated the support for a new type of ring signatures known as CLSAG (Concise Linkable Spontaneous Anonymous Group). This replaces the implementation of MLSAG (Multilayered Linkable Spontaneous Anonymous Group).
As a result of this new mechanism, the size of Monero transactions decreases by about 25%, while verification speed improves by 10%.
Even since before the hard fork, the price of the network’s cryptocurrency, XMR, has been experiencing significant growth.
Data from Live Coin Watch data indicate that, despite a drop in its price on the date of the hard fork, the advance of XMR in the last month has been around 35%. Since October 18th, the value of the cryptocurrency has increased again, rising by 4% in 24 hours.
In recent days, some news reports stated that Monero will add atomic swaps with Bitcoin to its blockchain. They will be able to do so thanks to donations that will finance the project. Previously, in January, the developers had announced that they were working on a new mechanism to increase privacy.
By Alexander Salazar
