Share this article
Increased Hashrate Forces Premature Monero Hard Fork
The date of a planned hard fork of the privacy-focused cryptocurrency monero has been brought forward by an increase in its hashrate.
Updated Sep 13, 2021, 6:54 a.m. Published Sep 8, 2017, 2:00 p.m.
Make us preferred on Google
A planned hard fork of the privacy-focused cryptocurrency monero is to occur sooner than expected due an increase in its hashrate.
Originally planned for September 21, the fork – intended to bring enhanced privacy features to all users – is now likely to occur on September 16, as revealed at a developer meeting last week. The question of whether to adjust the block number to prevent a premature fork was addressed in the meeting – however, the developers have instead formally adjusted the date on the hard fork schedule.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In cryptocurrency mining, the hashrate is the speed at which computations are performed. When hashrate increases, miners find blocks more quickly, propelling the blockchain forward.
The impending hard fork will introduce the mandatory use of so-called "ring confidential transactions" (RingCTs) on the network, though the majority of monero users are already utilizing the currently optional technology.
Introduced on January 10, RingCTs are an upgrade from the older ring signatures, and better obscure transaction outputs, meaning no one can view the details of a transaction outside the parties involved. The technology builds on monero's existing privacy features, including hidden accounts, hidden transactions and trustless coin generation.
Monero is currently the eighth largest cryptocurrency by market capitalization, which currently stands at $1.94 billion, according to CoinMarketCap data. Notably, it achieved an all-time high of over $150 on August 28. At press time, a monero token was worth around $125.
Coding image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Silver nears $1 billion in volume on Hyperliquid as bitcoin remains frozen: Asia Morning Briefing
Silver perps have more volume on Hyperliquid than SOL or XRP.
What to know:
- Silver futures on the Hyperliquid crypto derivatives exchange have surged to become one of its most active markets, ranking just behind bitcoin and ether in trading volume.
- The SILVER-USDC contract’s high volume, sizable open interest and slightly negative funding suggest traders are using crypto infrastructure for volatility and hedging in macro commodities rather than for directional crypto bets.
- Bitcoin is holding near $88,000 in a "defensive equilibrium" with cooling ETF inflows, uneven derivatives positioning and rising demand for downside protection, while ether lags and capital rotates toward hard assets like gold and silver.
Top Stories
