The MoneroV project lay inactive for a while, but managed to launch a mainnet and wallets, a not so difficult feat given that any fork can copy the code from the original asset. However, caution is advised in using the GitHub wallet, given what happened to Bitcoin Gold, where a hacker injected a malicious wallet.
https://twitter.com/monero_v/status/993930432478576650
It is best to wait and see if there are troubles reported before splitting coins. Any fork presents a risk for fork splitting. As with other hard forks, it is best to import keys only from empty wallets, to avoid the possibility of theft.
The Monero (XMR) market price hardly moved up ahead of the fork, pressured by other factors. XMR slid by about 6% to $219.24. Other forks are not doing too well: Monero Classic (XMC) is down 14% in the past day on a general market slide, reaching $10.06. Monero Original (XMO) is down 12% to $9.99. There is no telling if those fork prices are predictive of MoneroV once it is added to exchanges.
!Monero!
The Monero V hard fork may be added for trading to HitBTC soon, where the other branches of Monero are already traded. This fork had a long time to develop itself, and at one point added to the hype and spike of XMR prices. But the fork was delayed once and the hype subsided.
https://twitter.com/JEhrenhofer/status/993539922815578113
The biggest problem with the Monero family of coins are the wallets, and the usage where sending sometimes needs to be partially de-anonymized, in order to differentiate a transaction to exchanges. Some believe Monero may evolve in the future, and it is unknown how the other forks would work.
The MoneroV Telegram community has grown to around 5,000 members, with still many questions regarding mining. In the following days, it will become known whether the network is mined by volunteers, or by a large entity owning Antminer X3.
The Monero hashrate has remained consistently flat and low in the past month following a drop of 80% when ASIC mining was disabled.
This article appeared first on Cryptovest