Monero (XMR) Integrated Full Ledger Wallet Support

Monero (XMR) supports Ledger Nano S - CoinShot

Fans of Monero and Ledger Wallet users would be happy to know that the latest version of Monero CLI v0.12.2.0 “Lithium Luna” fully supports the Ledger hardware wallet.

The update on GitHub from Ricardo Spagni (aka fluffypony) shows initial support for the Ledger Nano S hardware wallet.

Although we don’t see Ledger reporting Monero support, we can assume that this will happen in the near future, since the company already has the crypto listed if users have enabled the option for the developer.

Update simply strengthens this support by giving the creator of the hardware wallet a green light to make Monero available to all its users.

In addition to supporting Ledger, Monero also increased the minimum ring size to 7, making transactions more anonymous than before, and also allows to use multiple signature wallets.

Users working with a full node can expect a lower bandwidth requirement, as by default the “fluffy” blocks are included. These will be compact blocks on a blockchain, sending only the headers and transaction IDs, allowing the nodes to extract them from their own mempool, from the broadcasts on the network and pack them into their repositories.

“Fluffy” blocks have also been proposed for the Bitcoin core, called “thin blocks”, but the concept hasn’t yet been implemented.

It should be noted that the resistance of ASIC from Monero can still be threatened with its current model of making small adjustments to the algorithm, because ASIC manufacturers can simply create more flexible machines that theoretically can replace them in the future.

Until now, intensive memory algorithms seem to be doing a good job with ASIC, because manufacturers can’t do something much faster than a graphics processor in terms of performance. This must be understood by the Monnero team and, finally, to take appropriate measures.