Moneros latest network upgrade could be important for your next trade
Monero recently announced an upgrade that can easily be dismissed as another run-of-the-mill security update. A deeper dive, especially in regards to the reason behind the upgrade reveals that it is an important upgrade for security future-proofing.
Monero has been consistent especially when it comes to security updates. So much so that it has been assessing its networks resilience against future threats.
AI has progressed rapidly in the last few years and it is currently among the biggest threats to financial networks. Moneros latest upgrade was in response to findings from a research study aimed at establishing its resilience against AI.
Congratulations on a successful network upgrade! #Monero is now more private and efficient with ringsize 16, Bulletproofs+, and view tags!
Make sure your node/wallet is updated to continue using Monero.
Privacy and fungibility matter, and its exciting to keep improving!
— Monero (XMR) (@monero) August 13, 2024
The findings revealed that the network of malicious attackers can compromise ring signature resilience using AI. This would compromise the network, paving the way for a successful attack. Justin Ehrenhofer from Magic Grants and also one of the report authors, in this regard, stated,
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