The popular privacy-coin Monero (XMR) is going to experience a hard fork in the coming month. The new hard fork will be occurring on block number 1788000 and it will be taking place on March 9.
According to some XMR contributors, the hard fork is going to be happening in just for weeks and it advises users to be prepared for it beforehand to avoid any complications in the future. The new hard fork will not be introducing new features to the digital asset besides a new notification and block size algorithm.
The Redditor SamsungGalaxyPlayer informed:
“Apparently this will be forked with the current 0.13 code, so very few. A couple default payment ID changes, new adaptive block size algorithm, new notifications, and the new mining algorithm. I don0t know when the 0.14 code will be used.”
There were several members of the Monero community that do not seem so in line with this proposal. The decision was firstly made by Monero developers in a private chat. The postponements of these changes have also been decided by just a few members of the Monero team.
The Redditor went on explaining that the core team decided to delay all the other features to an unknown time. The decision was not discussed with the whole community, which is something that happened for the first time.
Other users were complaining that the XMR community became the victim of developers and their agendas. Thus, this is something negative for cryptocurrencies which tend to be considered decentralized rather than subject to the decision of just a few individuals.
According to Fluffy Pony, the name given to Riccardo Spagni, the founder of Monero, if there are users that do not like what hundreds of developers do to improve Monero they can hire their own developers. He explained that they had a good discussion with Monero developers regarding how to move forward and improve the whole network.
Currently, Monero is being traded around $48 and it has a market capitalization of $811 million. It seems that this discussion did not affect Monero in a very hard way. Indeed, the digital asset is operating stably just moving -0.16% in the last 24 hours. It remains the 13th largest cryptocurrency in the market.
In the past, there were several contentious hard forks in the crypto space. For example, Bitcoin Cash (BCH) split from the Bitcoin (BTC) network. Another one is Bitcoin SV (BSV) that decided to follow is own path rather than keeping with the BCH blockchain.