Monero (XMR) hard fork FAQs

The Monero network underwent an upgrade at block 2,688,888, which took place on August 13th, 2022. Exodus Desktop now has the latest and greatest from Monero!

In this article:

What happened with the Monero hard fork?

Monero got a glow up!

The hard fork, or network upgrade, took place at block 2,688,888. This block occurred on Saturday, August 13th, 2022.  

The upgrade introduced important new features and improvements such as:

  • A ring-size increase from 11 to 16. This is the largest increase in the base anonymity set (plausible deniability, or base privacy) for every transaction on the network.
  • Upgraded Bulletproofs algorithm. "Bulletproofs+" will reduce the typical transaction size by ~5-7% and improve typical verification performance by ~5-7%, making every transaction lighter and faster.
  • View tags, which will reduce wallet sync times by 30-40%
  • Fee changes to improve the security of the network (especially for rapidly changing market conditions or attacks by malicious entities)
  • Multi-sig fixes and improvements, including critical security patches

If you're curious to learn more about Monero hard forks, you can visit LocalMonero's article: How Monero Uses Hard-Forks to Upgrade the Network.

What about my Monero (XMR) in Exodus?

As always, your Monero (XMR) was safe and sound in Exodus during the upgrade. You continued to have full control over your XMR with access to your Monero mnemonic phrase and private keys. 

We worked tirelessly behind the scenes to implement the upgrade and restore full XMR functionality in Exodus Desktop as soon as possible. 

And now the wait is over! As soon as you update to Exodus Desktop 22.8.26, you can receive, send, and exchange the shiny new upgraded Monero (XMR) in Exodus. 

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