Monday Monero Missive #1

This is the start of a slightly more formal way of keeping everyone updated as to what we're doing in Monero. On an ongoing weekly basis we'll post an update on what has happened over the past week, as well as a dev diary highlighting work done on major efforts. If you'd like to get involved with Monero don't ask for permission - just get stuck in :) Fork the repo, make changes, submit a pull-request, and let's discuss it.

Also an important note on updates: Our policy is to only provide announcements on projects which are either complete or near completion. We'd like to focus on providing you with the most accurate and reliable news, without generating any type of investor hype or speculation. As Monero is still a project in its infancy, and there is a great deal of work still to be done, we want to make sure you are getting an honest overview of our ongoing progress.

Major Updates

  1. The big one… we have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here:
  2. With our logo completed, we are going to be moving forward on a major overhaul and redesign of our website. We are also in the process of architecting and designing a better repository of information - which includes a forum-style that allows for both discussion, as well an open-source, crowd-funded development incubator. We will be keeping you updated on our progress in the coming weeks. In the meantime, the best place for threaded discussions are the /r/monero subreddit, and for live discussions join us on Freenode: #monero for general chat, #monero-dev for development efforts, and #monero-otc for price talk and over-the-counter trades.
  3. The pool bounty has now closed, and was awarded to zone117x and LucasJones for their excellent work on the Node CryptoNote pool. You can see the results of their hard work on their github repo here or, you know, just use pretty much any of the Monero mining pools:)
  4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately. This change primarily effects exchanges at this early stage, as we are sure that MRO will continue to be used colloquially and in general discussion. We are aware that this may cause a little confusion, but we feel it necessary to make this change early on rather than later when Monero is more widely spread.

Dev Diary

RPC: Neozaru and others have submitted pull requests to add RPC methods that were missing.

I2P: libssu has been decoupled, and outstanding changes to master have been merged.

Core: just a reminder that there are breaking changes to 0.8.8 to prevent a transaction dust attack on the block reward. Because of the block reward penalty, it was previously possible to constantly reduce the block reward down to nearly zero, which is what has been fixed. You can see this quite dramatically on the Block Reward chart on where our average block reward plummeted by around 13% on May 25 - 27 as the fix was tested, deployed, and miners began adopting it. Please don't forget that simplewallet using the older code will not add the correct transaction fees, causing transactions to sit in the mempool for several days before being rejected.

Core: initial work has begun on documenting the code and on providing architecture overviews. This will be a relatively lengthy project, but will provide us with a more useful codebase that has had more eyes on it.

Crypto: we have also begun an initial foray into examining the underlying cryptographic and mathematic principles of the CryptoNote protocol, and ensuring that it has been correctly implemented in the reference code (Bytecoin - upon which Monero is based). We will reveal more details as this project progresses.

Crypto: DGA has done an incredible job of optimising the PoW hashing code, and has vastly improved the speed at which it operates. This makes syncing the blockchain faster, as well as improves the speed at which miners can run and pools can verify work.

Mining: Wolf` has worked hard on optimising and tweaking LucasJones miner. If you are mining, it is strongly suggested you give Wolf's fork of cpuminer-multi a spin. Because it takes advantage of AES-NI you may find that reducing the number of threads down to around half of the number of cores in your computer is the most efficient.

We'd also like to take the time to introduce you to our core team (in no particular order) - tacotime, eizh, smooth, fluffypony, othe, davidlatapie, NoodleDoodle

Many others are involved in peripheral and related projects, including: zone117x, Neozaru, LucasJones, Wolf`, Quanttek, and so many others

Thank you for your hard work if you have been involved in Monero already, and we look forward to continuing to innovate as keep Monero the most secure, private, untraceable cryptocurrency!