What's Seraphis and Hard Fork (lemmy.ml)

submitted 1 year ago by Gargari@lemmy.ml to c/monero@monero.town

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During browsing Github issues on Monero related projects, some mentions 'the next hard fork', is the hard fork happens in a predefined intervals? Could you please explain in easy terms what's Seraphis and what changes it will bring?

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[-] blake@monero.town 4 points 1 year ago* (last edited 1 year ago)

Seraphis is a big change, and I think it warrants discussion.

Firstly the timeframe:

"At the moment it's quite difficult to estimate when everything will be ready for the hardfork to Seraphis and Jamtis. Some very early estimates see a possible hardfork about 2 years out, i.e. in the first half of 2025. Things may easily take a year longer."

Lots of other FAQs available here: https://github.com/seraphis-migration/strategy/wiki/Seraphis-and-Jamtis-FAQ

Importantly addresses will change.

From Localmonero.co:

"Unfortunately, Monero addresses currently in use are not compatible with Seraphis. Users would need to generate new addresses from their wallet keys in order to receive Monero if Seraphis were implemented. "

Also see this discussion about Seraphis implementation.

"No Wallet Left Behind" - Make Sure Our Wallets Survive the Fork to Monero 2.0

https://github.com/monero-project/monero/issues/8157