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oneXghost

Monero fees extremely low after the recent Bulletproof fork

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Monero got an upgrade (Bulletproof fork) and after that fees dropped to record low 2 cents. That's extremely low for a privacy coin. Here is a coinmetrics chart showing fee drop to July 2016 lows

 

monerofee.png.f893c494e58e4d372befe8a4f2d3051a.png

 

Bulletproof is a technology launched in early 2018 to make cryptocurrencies more confidential by enhancing the transaction privacy by shrinking the cryptographic proofs size. Before that Monero network was using ring confidential transactions functionality for its privacy. Now with Bulletproof the size of transactions will reduce and this means also lower fees. 

 

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