Stellar Lumens is looking to eliminate
the XLM inflation. The Stellar
Development Foundation will be doing away with the inflation mechanism included
in the XLM protocol. The reason behind this move is that the inflation
mechanism is not working well.
To get the process going, the
validator nodes on the Stellar Network will have to vote. The voting will be used to determine the
recipient’s address of the distribution node.
Each distribution node should receive 0.05% of the votes to earn an
inflation reward. Since these XLM rewards were being redistributed across the
HODLers, they were not providing any economic benefits; the Stellar Development
Foundation has decided to close this at a technical level. While the inflation operation will be there
in the codes, it will be changed in a way to do nothing. This is executed as a protocol change.
Monero has been scheduled for a hard
fork on November 30, 2019. The tentative
schedule for code freeze is on October 24, 2019, and the release of v0.15 is
scheduled to happen on October 31, 2019. A new upgrade called, RandomX, a
Proof-of-Work (PoW) algorithm optimized for general-purpose CPUs, will be
introduced. This algorithm will be
phasing out the extended payments ID meant to improve the privacy and the user
experience of the customers.
The official blog post of Monero read thus:
“Services still utilizing long payment IDs are thus reminded to upgrade to either integrated addresses or subaddresses as soon as possible.”
It is the period of the crypto crisis;
the market is on the downside. The
little signs of green are not sustainable for several Altcoins. Different Altcoins flocked into the market,
and each of them promised a utility.
Some Altcoins, which were obscure, were even accepted among the hype of
the many. Retailers flocked into the cryptocurrency market, investing in
Altcoins, which they thought would be the next best to Bitcoin.
The sentiments are very low concerning Altcoins. Many of them are crashing without support. Several investors who brought in to Altcoins hoping to strike rich are seeing that their money is wiped out completely. Some Altcoins are gone, and they are not going to recover. This is about the many of the 2900 and more of cryptocurrencies revolving in the market. However, those Altcoins which have a mission and purpose are doing all their homework to stay and sustain their promise.
Altcoins are not losing their chances;
however, one should be clear that the tokens which will survive are the ones
that have continual work happening.