Signal from Monero (XMR)

“Monero adds blockchain pruning and improves transaction efficiency in the upcoming 0.14.1 release. Monero keeps getting more efficient with every update!” Read More — Justin Ehrenhofer, Community Organizer

Summary

To facilitate scalability, Monero recently added blockchain pruning.

This feature allows users to optionally “prune” about 2/3 of the blockchain data, while still contributing to the network.

Monero’s current blockchain is about 65GB. With this update, pruned nodes only need to store about 25GB of data.

There are several other efficiency upgrades in the upcoming 0.14 release.

Significance

Pruning is the process of removing non-critical blockchain information from local storage. Pruned nodes remove much of this less relevant information to have a lighter footprint. Monero pruned nodes will only prune 7/8 of the prunable transaction data. A random 1/8 of the data is is maintained and used to sync with other nodes.

While not as powerful as running a full node, pruned nodes are better than connecting to someone else’s remote node. Pruned nodes therefore have the potential to run on devices that would otherwise be unable to handle the requirements, reducing the need to use remote nodes.

The 0.14 release will also feature a 5% drop in transaction size, verification time, and fees. Range proof verification time will be cut by 60% in this release.

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