Ledger wallet users and fans of Monero would be delighted to know that the cryptocurrency’s latest CLI release under “Lithium Luna” has full support for the Ledger hardware wallet.
A GitHub release by Ricardo Spagni—username “fluffypony”—shows “initial support for Ledger Nano S hardware wallet.”
“The major release was due to the April 6th network update, which in turn increased the minimum ring signature size, sorted inputs so as not to leak wallet choice by inference, and slightly changed the proof-of-work algorithm to prevent DoS attacks by ASICs. This release of the software presents a number of major improvements to Monero, as well as a large set of bug fixes,” Spagni wrote.
Ledger still hasn’t announced any support for Monero, but we can assume that this is coming soon, as the company already has the cryptocurrency listed if users enable developer options.
The 0.12.2 update just solidifies this support, giving the hardware wallet maker a green light to make Monero available for all its users.
In addition to Ledger support, Monero also increased its minimum ring size to 7, making transactions more anonymous than before. It also allows for multi-signature wallets.
Users running full nodes can expect a lower bandwidth requirement as well because “fluffy blocks” are now enabled by default. This will compact blocks on the blockchain by sending only headers and transaction IDs, allowing nodes to draw them from their own mempool, from broadcasts on the network, and pack them into their repositories.
Fluffy blocks have been proposed for Bitcoin Core as well, under the name “thin blocks,” but the concept still hasn’t been implemented.
Meanwhile, Monero’s ASIC resistance may continue to be threatened with its current model of making small adjustments to the algorithm as ASIC manufacturers may just make more flexible machines that can theoretically survive them.
So far, memory-intensive algorithms seem to be faring well against ASICs since manufacturers can’t make something much faster than a GPU in terms of performance. Perhaps Monero should look into that?