Monero (XMR) is currently occupying the tenth position in the crypto market, and it has been making headlines with its important development-related announcements.
Its latest update, for instance, was aimed at improving its network.
From a bug in the wallet to a highly improved ecosystem
The token made its first sparks after a long time due to a bug which has been detected in the wallet by its developers.
This could have given attackers the ability to burn funds of an organization which is on Monero’s ecosystem.
More than that, this could have been carried out by attackers without even making additional payments apart from the transaction fees. But, the attacker would have gained some benefits from the attack indirectly.
Anyway, before the incident, the wallet went offline from a few exchanges including Poloniex and Bittrex.
Monero managed to enter the bright side of the market with massive announcements revolving around the hard fork, Beryllium Bullet.
This brought tons of excitement into the community because of the initial claims that said this fork would trigger enhanced anonymity and lower transaction fees.
More than that, Monero also released a new version of their wallet, v0.13.xx.xx and it was mandatory for the users to upgrade to the latest version.
This was followed by the hard fork taking place on October 18, 2018.