diff --git a/Cargo.lock b/Cargo.lock
index f0c7372cff..9a52ddb81b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -58,7 +58,7 @@ version = "0.7.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5a824f2aa7e75a0c98c5a504fceb80649e9c35265d44525b5f94de4771a395cd"
 dependencies = [
- "getrandom 0.2.10",
+ "getrandom",
  "once_cell",
  "version_check",
 ]
@@ -321,9 +321,9 @@ dependencies = [
 
 [[package]]
 name = "base58-monero"
-version = "1.0.0"
+version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d079cdf47e1ca75554200bb2f30bff5a5af16964cac4a566b18de9a5d48db2b"
+checksum = "978e81a45367d2409ecd33369a45dda2e9a3ca516153ec194de1fbda4b9fb79d"
 dependencies = [
  "thiserror",
 ]
@@ -1234,7 +1234,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "740fe28e594155f10cfc383984cbefd529d7396050557148f79cb0f621204124"
 dependencies = [
  "generic-array",
- "rand_core 0.6.4",
+ "rand_core",
  "subtle",
  "zeroize",
 ]
@@ -1246,7 +1246,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1bfb12502f3fc46cca1bb51ac28df9d618d813cdc3d2f25b9fe775a34af26bb3"
 dependencies = [
  "generic-array",
- "rand_core 0.6.4",
+ "rand_core",
  "typenum",
 ]
 
@@ -1307,7 +1307,7 @@ dependencies = [
  "once_cell",
  "pin-project 1.1.3",
  "regex",
- "sealed 0.5.0",
+ "sealed",
  "serde",
  "serde_json",
  "smart-default",
@@ -1343,19 +1343,6 @@ dependencies = [
  "regex-syntax 0.7.5",
 ]
 
-[[package]]
-name = "curve25519-dalek"
-version = "3.2.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0b9fdf9972b2bd6af2d913799d9ebc165ea4d2e65878e329d9c6b372c4491b61"
-dependencies = [
- "byteorder",
- "digest 0.9.0",
- "rand_core 0.5.1",
- "subtle",
- "zeroize",
-]
-
 [[package]]
 name = "curve25519-dalek"
 version = "4.1.1"
@@ -1704,7 +1691,7 @@ version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7277392b266383ef8396db7fdeb1e77b6c52fed775f5df15bb24f35b72156980"
 dependencies = [
- "curve25519-dalek 4.1.1",
+ "curve25519-dalek",
  "ed25519",
  "serde",
  "sha2 0.10.8",
@@ -1732,7 +1719,7 @@ dependencies = [
  "hkdf",
  "pem-rfc7468",
  "pkcs8",
- "rand_core 0.6.4",
+ "rand_core",
  "sec1",
  "subtle",
  "zeroize",
@@ -1866,7 +1853,7 @@ version = "0.13.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ded41244b729663b1e574f1b4fb731469f69f79c17667b5d776b16cda0479449"
 dependencies = [
- "rand_core 0.6.4",
+ "rand_core",
  "subtle",
 ]
 
@@ -2092,17 +2079,6 @@ dependencies = [
  "zeroize",
 ]
 
-[[package]]
-name = "getrandom"
-version = "0.1.16"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8fc3cb4d91f53b50155bdcfd23f6a4c39ae1969c2ae85982b135750cccaf5fce"
-dependencies = [
- "cfg-if",
- "libc",
- "wasi 0.9.0+wasi-snapshot-preview1",
-]
-
 [[package]]
 name = "getrandom"
 version = "0.2.10"
@@ -2111,7 +2087,7 @@ checksum = "be4136b2a15dd319360be1c07d9933517ccf0be8f16bf62a3bee4f0d618df427"
 dependencies = [
  "cfg-if",
  "libc",
- "wasi 0.11.0+wasi-snapshot-preview1",
+ "wasi",
 ]
 
 [[package]]
@@ -2191,7 +2167,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f0f9ef7462f7c099f518d754361858f86d8a07af53ba9af0fe635bbccb151a63"
 dependencies = [
  "ff",
- "rand_core 0.6.4",
+ "rand_core",
  "subtle",
 ]
 
@@ -2314,6 +2290,12 @@ version = "0.3.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7ebdb29d2ea9ed0083cd8cece49bbd968021bd99b0849edb4a9a7ee0fdf6a4e0"
 
+[[package]]
+name = "hex-literal"
+version = "0.4.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6fe2267d4ed49bc07b63801559be28c718ea06c4738b7a03c94df7386d2cde46"
+
 [[package]]
 name = "hkdf"
 version = "0.12.3"
@@ -2988,7 +2970,7 @@ checksum = "58c38e2799fc0978b65dfff8023ec7843e2330bb462f19198840b34b6582397d"
 dependencies = [
  "byteorder",
  "keccak",
- "rand_core 0.6.4",
+ "rand_core",
  "zeroize",
 ]
 
@@ -3439,7 +3421,7 @@ checksum = "3dce281c5e46beae905d4de1870d8b1509a9142b62eedf18b443b011ca8343d0"
 dependencies = [
  "libc",
  "log",
- "wasi 0.11.0+wasi-snapshot-preview1",
+ "wasi",
  "windows-sys 0.48.0",
 ]
 
@@ -3454,16 +3436,16 @@ dependencies = [
 
 [[package]]
 name = "monero"
-version = "0.18.2"
+version = "0.20.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5a8965a7510c5d9389e2086e406c292d6bbecac099eef195be55a2d2043448b9"
+checksum = "1b205707fd34b01a547f2fe77e687b40fed05966fb82e955b86ac55cd8ee31b5"
 dependencies = [
- "base58-monero 1.0.0",
- "curve25519-dalek 3.2.0",
+ "base58-monero 2.0.0",
+ "curve25519-dalek",
  "fixed-hash",
  "hex",
- "hex-literal",
- "sealed 0.4.0",
+ "hex-literal 0.4.1",
+ "sealed",
  "serde",
  "thiserror",
  "tiny-keccak 2.0.2 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -3928,7 +3910,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7676374caaee8a325c9e7a2ae557f216c5563a171d6997b0ef8a65af35147700"
 dependencies = [
  "base64ct",
- "rand_core 0.6.4",
+ "rand_core",
  "subtle",
 ]
 
@@ -4081,7 +4063,7 @@ dependencies = [
  "chrono",
  "cipher 0.4.4",
  "crc24",
- "curve25519-dalek 4.1.1",
+ "curve25519-dalek",
  "derive_builder",
  "des",
  "digest 0.10.7",
@@ -4505,7 +4487,7 @@ checksum = "34af8d1a0e25924bc5b7c43c079c942339d8f0a8b57c39049bef581b46327404"
 dependencies = [
  "libc",
  "rand_chacha",
- "rand_core 0.6.4",
+ "rand_core",
 ]
 
 [[package]]
@@ -4515,16 +4497,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e6c10a63a0fa32252be49d21e7709d4d4baf8d231c2dbce1eaa8141b9b127d88"
 dependencies = [
  "ppv-lite86",
- "rand_core 0.6.4",
-]
-
-[[package]]
-name = "rand_core"
-version = "0.5.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "90bde5296fc891b0cef12a6d03ddccc162ce7b2aff54160af9338f8d40df6d19"
-dependencies = [
- "getrandom 0.1.16",
+ "rand_core",
 ]
 
 [[package]]
@@ -4533,7 +4506,7 @@ version = "0.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ec0be4795e2f6a28069bec0b5ff3e2ac9bafc99e6a9a7dc3547996c5c816922c"
 dependencies = [
- "getrandom 0.2.10",
+ "getrandom",
 ]
 
 [[package]]
@@ -4603,7 +4576,7 @@ version = "0.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b033d837a7cf162d7993aded9304e30a83213c648b6e389db233191f891e5c2b"
 dependencies = [
- "getrandom 0.2.10",
+ "getrandom",
  "redox_syscall 0.2.16",
  "thiserror",
 ]
@@ -4728,7 +4701,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fb0205304757e5d899b9c2e448b867ffd03ae7f988002e47cd24954391394d0b"
 dependencies = [
  "cc",
- "getrandom 0.2.10",
+ "getrandom",
  "libc",
  "spin 0.9.8",
  "untrusted 0.9.0",
@@ -4778,7 +4751,7 @@ dependencies = [
  "num-traits",
  "pkcs1",
  "pkcs8",
- "rand_core 0.6.4",
+ "rand_core",
  "signature",
  "spki",
  "subtle",
@@ -4972,18 +4945,6 @@ dependencies = [
  "untrusted 0.9.0",
 ]
 
-[[package]]
-name = "sealed"
-version = "0.4.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6b5e421024b5e5edfbaa8e60ecf90bda9dbffc602dbb230e6028763f85f0c68c"
-dependencies = [
- "heck 0.3.3",
- "proc-macro2",
- "quote",
- "syn 1.0.109",
-]
-
 [[package]]
 name = "sealed"
 version = "0.5.0"
@@ -5241,7 +5202,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5e1788eed21689f9cf370582dfc467ef36ed9c707f073528ddafa8d83e3b8500"
 dependencies = [
  "digest 0.10.7",
- "rand_core 0.6.4",
+ "rand_core",
 ]
 
 [[package]]
@@ -5307,8 +5268,8 @@ dependencies = [
  "aes-gcm",
  "blake2",
  "chacha20poly1305",
- "curve25519-dalek 4.1.1",
- "rand_core 0.6.4",
+ "curve25519-dalek",
+ "rand_core",
  "rustc_version",
  "sha2 0.10.8",
  "subtle",
@@ -5527,7 +5488,7 @@ checksum = "78bfa6ec52465e2425fd43ce5bbbe0f0b623964f7c63feb6b10980e816c654ea"
 dependencies = [
  "proc-macro2",
  "quote",
- "sealed 0.5.0",
+ "sealed",
  "syn 2.0.38",
 ]
 
@@ -5569,7 +5530,7 @@ dependencies = [
  "curve25519-dalek-derive",
  "fiat-crypto 0.1.20",
  "platforms",
- "rand_core 0.6.4",
+ "rand_core",
  "rustc_version",
  "serde",
  "subtle",
@@ -5591,7 +5552,7 @@ dependencies = [
  "lazy_static",
  "merlin",
  "rand",
- "rand_core 0.6.4",
+ "rand_core",
  "serde",
  "sha3",
  "tari-curve25519-dalek",
@@ -5912,7 +5873,7 @@ dependencies = [
  "log",
  "once_cell",
  "rand_chacha",
- "rand_core 0.6.4",
+ "rand_core",
  "serde",
  "sha3",
  "snafu",
@@ -6592,7 +6553,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8b83cd43a176c0c19d5db4401283e8f5c296b9c6c7fa29029de15cc445f26e12"
 dependencies = [
  "hex",
- "hex-literal",
+ "hex-literal 0.3.4",
  "rand",
  "sha1 0.6.0",
  "thiserror",
@@ -6943,7 +6904,7 @@ version = "1.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "88ad59a7560b41a70d191093a945f0b87bc1deeda46fb237479708a1d6b6cdfc"
 dependencies = [
- "getrandom 0.2.10",
+ "getrandom",
 ]
 
 [[package]]
@@ -7032,12 +6993,6 @@ dependencies = [
  "tracing",
 ]
 
-[[package]]
-name = "wasi"
-version = "0.9.0+wasi-snapshot-preview1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cccddf32554fecc6acb585f82a32a72e28b48f8c4c1883ddfeeeaa96f7d8e519"
-
 [[package]]
 name = "wasi"
 version = "0.11.0+wasi-snapshot-preview1"
@@ -7348,8 +7303,8 @@ version = "2.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fb66477291e7e8d2b0ff1bcb900bf29489a9692816d79874bea351e7a8b6de96"
 dependencies = [
- "curve25519-dalek 4.1.1",
- "rand_core 0.6.4",
+ "curve25519-dalek",
+ "rand_core",
  "serde",
  "zeroize",
 ]
diff --git a/applications/minotari_merge_mining_proxy/Cargo.toml b/applications/minotari_merge_mining_proxy/Cargo.toml
index e9bb9b6882..3935fc9a37 100644
--- a/applications/minotari_merge_mining_proxy/Cargo.toml
+++ b/applications/minotari_merge_mining_proxy/Cargo.toml
@@ -35,7 +35,7 @@ hex = "0.4.2"
 hyper = "0.14.12"
 jsonrpc = "0.12.0"
 log = { version = "0.4.8", features = ["std"] }
-monero = { version = "0.18" }
+monero = { version = "0.20.0" }
 reqwest = { version = "0.11.4", features = ["json"] }
 serde = { version = "1.0.106", features = ["derive"] }
 serde_json = "1.0.57"
diff --git a/base_layer/core/Cargo.toml b/base_layer/core/Cargo.toml
index abe499530f..5a4d0df0cb 100644
--- a/base_layer/core/Cargo.toml
+++ b/base_layer/core/Cargo.toml
@@ -65,7 +65,7 @@ integer-encoding = "3.0"
 lmdb-zero = "0.4.4"
 log = "0.4"
 log-mdc = "0.1.0"
-monero = { version = "0.18", features = ["serde-crate"], optional = true }
+monero = { version = "0.20.0", features = ["serde-crate"], optional = true }
 newtype-ops = "0.1.4"
 num-traits = "0.2.15"
 num-derive = "0.3.3"