The Monero hashrate elevated from 1.67 GH/s on August 5 to 2.2 GH/s on August 6. That 0.52 GH/s single day acquire is the best inside the venture’s historical past. Prior to this, most important every day share beneficial properties got here inside the venture’s youth when the bottom was a quite little smaller.
Banks ought to embrace privateness cash to guard their shoppers
On August 3, Coin Center submitted feedback to the Office of the Comptroller of the Currency on National Bank and Federal Savings Association Digital Activities. These feedback prompt that Banks ought to embrace privateness cash quite than combating them:
“We argue that Banks should not only be able to use trustless commixture tech (coinjoin) or privacy-enhanced crypto (zcash/monero) but that they may be duty-bound to do so in order to protect the privacy of their customers.”
Monero presents a singular worth proposition?
It is unclear what has led to this explosion in Monero hashing energy. In a world the place many really feel that they’re turning into topic to an ever-increasing degree of surveillance, Monero power but current a singular worth proposition.
Numerous current experiences have indicated that Monero corset one of the best main privacy-preserving cryptocurrency. Whereas different privateness cash like Dash (DASH) and Zcash (ZEC) may be derived with relative ease, Monero presents extra of a problem. This has led to a number of exchanges delisting it.
Monero trails only Bitcoin (BTC) in its adoption fee amongst Dark Web sellers, for whom the privacy-preserving options of crypto are typically fairly actually a matter of life and loss of life.