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The Monero Standard #24: 12 October 2022 - 19 October 2022

Buga:
By recanman

Monero Standard

Table of Contents

Recent News

  • ANONERO releases a "black-box" Android wallet for Monero in alpha. Roadmap includes a default tor + proxy setting, no third-party services, no reuse of subaddresses, encrypted backups, offline mode, and more. Release
  • Ora_pro_vivis previews a POS merchant client written in Electron and MoneroJS for processing Monero payments in person, including exporting sales, printing reciepts, and using local/remote nodes. Announcement
  • The next Monero Research Lab meeting has been schedules for October 26, 2022 at 1700 UTC, taking place in the Matrix/IRC-Libera chats, in the #monero-research-lab channel. The unconfirmed agenda includes discussion about improvements to the decoy selection algorithm, advancements on Seraphis, and more.
  • Monero will get more Russian voice-over and transcription support thanks to v1docq47's CCS proposal being fully funded. Roadmap
  • Stack Wallet beta 1.5.7 has been released, including bug fixes and new features. Release
  • Ethereum has failed. New blocks are now becoming OFAC (Office of Foreign Assets Control) compliant and being censored by MEV relays. In the last seven days, 51% of (post-merge) Ethereum blocks were OFAC compliant, according to Mevwatch. Article

Price and Blockchain Statistics

StatisticsValue
Market Capitalization$2.658 billion
Total Supply18,189,099 XMR
Price$146.25, 1.07% in 7 days
LocalMonero's Street Price$151.11
Suggested Transaction Fee20 piconero per byte
Block Height2,736,532
Block Reward0.6000+0.00794 XMR ($88.84)
Inflation0.89%
Hashrate2.67 Ghash/s -3.36% in 24 hours
Transaction Ratio to Bitcoin7.9%

Price Chart

Price Chart

Hashrate Distribution

Hashrate Distribution

Facts or Guides

  • Since the network upgrade to a minimum of seven ring signatures, the amount of partially or fully-traced transactions has been nearly zero for over three years.
  • The in-development Seraphis upgrade would allow for a 64+ ring size from the current 11, and improve key structures for view-only wallets, multisig, and more.
  • The Monero Research Lab has been working on new decoy selection algorithms that would drastically improve the privacy of Monero transactions.

Merchants

For lists of merchants and businesses related to Monero, consider Monerica, official website's 'merchants' page and prior issues of this magazine.

Notable Projects

Haveno.exchange is an in-development noncustodial and decentralized exchange for cryptocurrencies and fiat currencies built on Tor and Monero. It also does not use any Javascript. It is planned to be ready by the end of 2022, and has major support from CCS. Website

Funding

CCS

Ideas:
Funding Required:

Meme of the Week

What can they do?

Study Time

A basic explanation of how Ring Signatures work, and their (theoretical) limitations.

This newsletter is one of my dedicated jobs and LocalMonero pays me for writing it, but if you've found it informative and helpful, here is my wallet address:

85nWjAPTJWo5gmEKtQbaSmL3FJDriAsAcC9knbEMuNNo4pTb6wJxwTsiXyFoYo14khRd8rF1KbHPCTTbAa1dXKL58jt6YiG

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Contact Me

Found anything worth noting? Want to send something to be included in the next issue? Want to chat about something?

You can contact me on Matrix. Be aware that Matrix is centralized due to the fact that most people make an account on Matrix.org operated by the Matrix Foundation - That's a lot of metadata controlled unjust by just one entity.

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