🛠 Privacy coin Monero successfully completes first "bulletproofs" audit

Monero ($XMR) successfully completed its first audit for its new "bulletproofs" protocol. The protocol proposed by Stanford's Applied Cryptography Group (ACG) would lead to space savings, better verification times, and lower fees. Bulletpoofs allows for Range proofs, which are used to validate privacy coins' transactions, to consume less space than normal. Monero stated that the implementation resulted in an 80% reduction of transaction size, and subsequently would lead to 80% reduction in transaction fees.