this post was submitted on 05 Oct 2023

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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thinking about creating a new wallet at block 3 million (monero.town)

submitted 1 year ago by shortwavesurfer@monero.town to c/monero@monero.town

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I am considering generating a new wallet at block 3 million and transfering funds over to it to keep my sync time down. My current wallet has to check ~250k blocks if a resync is needed.

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[–] zzzzz@sh.itjust.works 1 points 1 year ago (1 children)

Do hard forks create alternate chains with coins that can be sold?

[–] crab@monero.town 3 points 1 year ago

Yes, but nobody uses the alternate chains and the coins become effectively worthless.