Monero (XMR) is in the spotlight again after Andrew Poelstra, the Blockstream Director of Research considered the coin for evaluation of the security of coins.
Monero is a privacy-centered network which has features such as ring-signature, ring confidential transactions, and stealth addresses as well.
CryptoNewsZ notes that Poelstra has been working on the development of ring signature scheme, and he said that the new tech is not yet ready.
“There are some ideas that could give you log scaling in size and verification. For example, you could literally like look up every single output in a giant Merkle Tree, pick one and say that I’m going to spend this, but the whole thing is inside a zero-knowledge proof. And that would give a ring of the entire output,” he stated.
Monero price prediction for 2019
The online magazine mentioned above notes that by the end of 2019, XR will surpass the $100 level.
They say that the next resistance levels will be at $90, $94 and $98. They noted that both medium-term and short-term trends are bullish.