Monero Developers Consider Adopting New Proof-of-Work Algorithm in October
Cointelegraph
Published May 24, 2019 06:09AM ET
Updated May 24, 2019 06:22AM ET
Monero Developers Consider Adopting New Proof-of-Work Algorithm in October
Privacy-centric cryptocurrency monero (XMR) plans to switch to a new proof-of-work (PoW) algorithm in October. The new algorithm follows an agreement with permanent storage network Arweave, which will fund an audit of the new algorithm, an Arweave spokesperson told Cointelegraph via email on May 23.
Arkweave said that monero will be the first to use the RandomX algorithm, thus replacing CryptoNight. Until now, monero developers reportedly hard-forked the network once every 6 months to ensure application-specific integrated circuit (ASIC) resistance by implementing small changes to CryptoNight.
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Written By: Cointelegraph
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