The developers of the privacy-focused cryptocurrency Monero have rolled out another update to the Oxygen Orion network.
According to a Monero blog post, the latest node software update is the work of about 30 developers. The Oxygen Orion update will bring new features to improve network efficiency.
For example, the update includes the CLSAG feature, which reduces the size of network transactions by about 25% and the time to confirm transactions by about 10%. At the same time, the confidentiality of transactions is preserved. Monero developers noted:
“CLSAG provides a reduction in size and increased transaction speed with a high level of security.”
Oxygen Orion offers several more new features. These include improvements to network security, in particular with respect to the Dandelion ++ protocol, which is responsible for hiding the user’s IP address. Each Monero update can technically be viewed as a hard fork that requires network members to update their software in a timely manner.
In the blog, the developers write that users who store XMR in hardware wallets should also be updated to the latest firmware in a timely manner. The Oxygen Orion update was rolled out a few months after the Monero developers launched a new version of the 0.16.0.0 Nitrogen Nebula Monero client.
The network updates are taking place against the backdrop of increasing attention of regulators to anonymous cryptocurrencies. As a reminder, Europol recently named anonymous cryptocurrencies and wallets with privacy functions as the “top threats” in a new report on the assessment of threats to organized crime on the Internet for 2020. In addition, in early October, the IRS selected contractors to create Monero tracking tools.
