Monero’s MINEXMR fuels new debate with its latest transition proposal

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What really makes a successful revolution? Passions aroused could fuel disruptions and likewise, help their overall agenda. Well, for the cryptocurrency community, the agenda is decentralisation, thereby employing P2P (peer-to-peer) technology. However, one such cryptocurrency known for its privacy-oriented features saw its supporters revolt for a cause. Whatever it takes Monero is currently the market’s […]

have been the same, with one post on the Monero-centric subreddit r/monero asking community members to “boycott Minexmr.” The same also stressed that the pool is “too close to 51%.”Yes, the mining pool will shut down in 2 weeks. However, it’s not just that, with even on-chain indicators siding with these revolters .As one can see, both the price and trading volume showcased a joint effort to surge and hit new heights. Over the last two weeks, XMR hiked by 19.3% in value against the U.S. dollar.

Within a week, the flagship privacy coin surged by 6% on CoinMarketCap as it traded around the $155-level.Here, it’s worth pointing out that year-to-date, the privacy-centric crypto is down by more than 20% on the charts.Subscribe to get it daily in your inbox.

 

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