Monero News
Monero can switch to a new consensus algorithm
In the network of Monero cryptocurrency oriented privacy, a new PoW consensus algorithm called RandomX from the developer of decentralized Internet Arweave can be implemented. It all depends on the results of the audit of the new protocol, according to Cointelegraph. At the moment, Monero developers implement hard forks every six months to avoid network capture by ASIC miners, however, this approach is considered controversial in the community. So, Arweave […]
In the network of Monero cryptocurrency oriented privacy, a new PoW consensus algorithm called RandomX from the developer of decentralized Internet Arweave can be implemented. It all depends on the results of the audit of the new protocol, Cointelegraph reports.
At the moment, Monero developers implement hard forks every six months to avoid network capture by ASIC miners, however, this approach is considered controversial in the community.
So, Arweave and the Monero team are likely to spend up to $ 150,000 on auditing RandomX, which will take place within two months.
It is noteworthy that RandomX may require miners to allocate up to 2 GB of RAM, which will make it difficult to hidden mining.
Recall the last hardfork in the Monero network took place in March of this year.
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