Bitcoin, Crypto currency, Blockchain

Monero Hard Fork: MoneroV cleaves – Scam warning

aa52a118c8c7befbd4b0ec8a11db876f - Monero Hard Fork: MoneroV cleaves – Scam warning

After the Bitcoin last year, countless Hard Forks behind, which is really just a few one’s existence can possess, is soon to be Monero via Hard Fork split.

After Litecoin, Cash, Bitcoin diamond, and many more Hard Fork Coins lost in the crypto world very rapidly, one should be especially skeptical when a new Hard Frok is announced.

On 14.03.2018 in block number 1.529.810 to secede MoneroV of the Monero Blockchain. All of the Monero owners will be rewarded for Holding Monero with XMV Coins (MoneroV) in a ratio of 1:10. So, if 10 Monero are in a Wallet (which supports the Hard Fork) will be credited at the time of the snapshot 100 MoneroV.

On the official website is designed to MoneroV:

has limited supply of coins while Monero coin supply is infinite, and MoneroV want to implement new protocols that will solve the scaling problem facing Monero and other cryptocurrencies.

With a excellent full English breakfasts Supply of 256 million XMV, at the time of the Forks 158 million XMV.

The block time is 120 seconds. The block size should be reduced compared to Monero. All the technical Details can be found in the white paper.

The biggest difference to Monero should lie in the solution to the scaling problem. MoneroV the Mimble used Wimble Protocol to solve this Problem. All interested parties will find a way for more information about the exact function.

To be able to the Coins by Airdrop and dusting, you must use an official Monero Wallet. This includes, among other things, https://getmonero.org/ and https://mymonero.com. Currently, there is no announcement of the big exchanges (Bittrex, Bitfinex or Binance) for the Support of MoneroV. Of course this can happen anyway in the coming days.

Scam Warning!

The reason why we keep the comments to the technical Details is very low, that it is the Fork from our point of view, it is very likely a Scam.

This assumption is based in particular on the opinion of Riccardo Spagni, Core developers of Monero. This, yesterday, shared on Twitter a post from the Monero team to MoneroV Fork.

In this, the Team makes it clear unequivocally that it supported the MoneroV Fork:

Firstly, MyMonero will definitely not support any non-native forks of Monero — including MoneroV. This means there will be no support for obtaining access to funds or airdrop coins on search non-native forks.
– Monero Team

Secondly, the Team refers to the risk which might arise from MoneroV for Monero-owner. The main danger is that the MoneroV, it is recommended users to get their Monero Private Keys in the MoneroV-Wallet enter the MoneroV Coins. Generally speaking, you should never give up his Private Keys price. The problem is the input of the Private Keys in MoneroV is not, in particular, because the source code for the Wallets is currently accessible to the public and only after the scheduled Fork-to-date is released.

Another warning signal should be, in our opinion, the MoneroV Team deducts 6 percent of the total number of MoneroV. This points to a strong enrichment of the developer, on the other hand, this leads in some way to a centralisation, whereby manipulation of the course might be possible.

Conclusion

Although Coins are Free by Hard Forks and Airdrops is a nice thing for crypto-currency holders. Nevertheless, it should be in all the euphoria is always critical. In the last months of the Forks, the currencies of the names of well-known Cryptographic as Bitcoin, Litcoin, Ethereum, and now Monero exploit, in order to capitalize on it are piling up.

In our view, should be solely based on the Private Key issue with the Monero Fork.

Disclaimer: — trading in crypto-currencies carries a large financial risk, and can be up to a total loss of the invested capital. Coin-hero.de does not constitute investment advice and recommendation within the meaning of the securities trading act (WpHG). The website content is intended solely for the Information and entertainment of the reader. The statements made here represent only our own opinion and not a recommendation to buy. Please do your own research before you invest in crypto-currencies. We do not accept any liability for any kind of damage. Please also read our disclaimer in the imprint. —

Leave a Comment