The Monero ecosystem is set to undergo some big changes over the coming months. A lot of new features and updates have been announced, all of which will have their own impacts. The first release is the Helium Hydra client update. It packs a ton of new features under the hood that will elevate Monero to the next level.
Monero’s Helium Hydra Release is a big Deal
As we have seen in the world of cryptocurrency over the past few years, developers often announce “milestone client updates.” Most of these releases introduce major changes, bug fixes, and even soft or hard forks. In the case of Monero, its Helium Hydra release is quite a major milestone, as it shakes things up in many ways. All of these changes will pave the way for a better Monero ecosystem moving forward, even though users will have to adapt to a new GUI in the future.
Helium Hydra is a mandatory update for all Monero holders, service providers, wallets, and exchanges. This new client also prepares the ecosystem for the upcoming hard fork on September 15th, which will increase the minimum ring signature size on the network. Additionally, the fork will blacklist duplicate ring members in a ring signature. Together with a long list of bug fixes, the Helium Hydra release also introduces some other tools people will thoroughly enjoy in the coming months and years.
One of the main improvements in the 0.11.0.0 client is an increase in the synchronization speed. As most cryptocurrency users are well aware, the initial blockchain sync of any cryptocurrency can be painstakingly slow and downright frustrating. Not too long ago, it took the average person about a week to synchronize with the Bitcoin blockchain for the first time. That situation has slowly been improved, and the Monero developers are now doing the same for their own blockchain.
Additionally, the new client reduces the privacy leak risks when using an untrusted remote node. Every node on the Monero network relays transactions to other nodes in one way or another. For a cryptocurrency focusing on privacy, any leak of information would be catastrophic. This new update reduces the chances of such leaks occurring, regardless of whether untrusted remote nodes are used. It is a welcome change, as it shows the developers will keep improving both the privacy and anonymity of Monero for the foreseeable future.
Perhaps the biggest change the average non-technical person will focus on is the added iOS and Android full node support. With mobile wallets for Monero coming to market, there will soon be a growing focus on Android and iOS. Having an option to run a full network node from a mobile device will be quite interesting to witness. It is not something we see every day, especially not for a cryptocurrency focusing on privacy and anonymity.
There is also the introduction of “fluffy blocks,” which are essentially optional compact blocks. This means anyone operating a node will see a slight reduction in bandwidth requirements, which is always a beneficial development for the ecosystem. It will be interesting to see how the so-called fluffy blocks affect the network as a whole moving forward. These fluffy blocks should also contribute to faster synchronization time for future mobile full nodes once they become more prevalent. It is a very intriguing addition with a lot of potential.