Monero will deploy a new algorithm "RandomX" to fight ASICs in October 2019

Monero will deploy a new algorithm "RandomX" to fight ASICs in October 2019

In order to solve the problem of centralized mining of Monero, that is, block mining rewards are increasingly falling into the hands of ASIC mining machine operators, while smaller, independent miners and amateur participants cannot obtain sufficient mining resources, resulting in increasingly polarized mining rewards. Monero will deploy a new algorithm "RandomX" in October 2019 to fight against ASIC. The RandomX algorithm design is "CPU-centric". In contrast to application-specific integrated circuits (ASICs), the central processing unit (CPU) is a multi-purpose designed computer chip hardware.

The RandomX proof-of-work algorithm will further strengthen Monero as a permanent, low-cost, tamper-proof storage network. As Diego Salazar said: "Should we try it? Will this allow us to have a digital, private, and alternative cryptocurrency one day?" (Mars Finance)


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