The hard fork planned in Monero, one of the privacy-focused cryptocurrencies, will take place earlier due to the increased hash rate.
Normally scheduled to take place on September 21, it will provide more privacy to users. The hard fork is now expected to take place on September 16.
The so-called ‘hash rate’ in cryptocurrency mining indicates the computation speed of miners. When the hash rate increases, miners find the blocks faster so they can take the blockchain further.
After the hard fork of Monero, the details of a transaction will not be seen by anyone other than the parties involved in that transaction. In other words, transaction outputs will become more confidential.
Monero is currently the 8th largest cryptocurrency in the market, according to CoinMarketCap, with a volume of $1.7 billion. Not long ago, on August 28, it broke its own record, reaching $150. It is currently on sale for around $120.
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