Cryptocurrency networks have been trying their best to bring in more investors to their fold. Monero, the privacy-oriented cryptocurrency had a slow 2019 but has started the new year with major updates.
Just recently, Monero announced that they were launching a network update to incentivize server operators to earn Monero as an alternative to ad revenue.
The organization claimed that the new RPC-Pay Up Close feature was an overlooked and underappreciated feature of the Monero network. The main goal of the update was to urge more users to run Monero public nodes. They claimed that users would benefit from the Remote Procedure Calls feature as they would be able to use their Monero mining hashes.
These exact mining hashes are expected to act as a “new stealthy smallest unit” of payment on the Monero network. Using these hashes has a second benefit to Monero. These hashes will not burden the XMR network and leave space for more transactions. The RPC acts as a way for a client to request data and calculations from a server. According to the official release by Monero:
“A modern family of RPC interface software uses the language of JavaScript Object Notation (JSON) to form messages. JSON is a standard textual format for exchanging data. It relies on name-value pairs and lists of data to define information in a way that is robust, extendable, and human readable.”
With the latest release, Monero network has added a monerod command related to all RPC, rpc_payments. This code sector was created to display information on paying clients and their balances on a user’s console window. The developers behind the updates have said that new capabilities will be added as time progresses. To make it easier for new users to enter the XMR system, Monero has utilized its PoW algorithm.
Coupling Monero’s RandomX with the 0.15 version, any computer can efficiently calculate hashes to make RPC-Pay payments. Riccardo Spagni, the lead developer of the Monero network told users that there will be more updates to make the network faster and much more seamless.
Monero’s latest news has been well received by its fans and many expect the organization to keep up with the times. This comes at a time when the cryptocurrency community is waiting for an altcoin surge. Alts like Litecoin and Monero have been paving the way for a new generation of updates into the digital asset space.