The Monero developers have successfully completed another network upgrade. This particular update is of keen interest, as it effectively introduces RandomX as a new algorithm.
Some crypto enthusiasts may recall how the Monero community was funding a new project.
The money would be used to have an independent of the RandomX protocol take place and collect valuable feedback from it.
It now appears that process has been completed successfully and yielded satisfactory results to boot.
The algorithm has not just been audited, it is now also an official part of Monero the cryptocurrency.
As part of this new algorithm, the altcoin remains ASIC resistant, something many other coins have given up on completely.
This will also introduce some core changes for XMR miners, although they should not run into any unforeseen problems.
The Reddit community seems to be somewhat divided over this feat, albeit most remain positive.
Particularly the lack of generating hype for RandomX is well-received, as it is crucial for developers to simply deliver, rather than create major buzz over nothing.
Other than that, there are always some enthusiasts eager to point out how Monero “needs to improve”.
Similar to other cryptocurrencies, this project is always evolving, thus crucial changes and improvements will be made when and where necessary.
This particular development does highlight the need for privacy and even anonymity features when dealing with finances.
That applies as much to cryptocurrencies as it does to anything else.
In a world where the digital economy is growing at lightning speed, the race to…
Mia Sanders, NYC Entrepreneur, Made Millions by Investing in BTC: Could BlockDAG Be Next for…
A Miami Artist's $5.2M Solana Success: Does BlockDAG Hold Equal Promises for 30,000x ROI? Success…
Recent market trends show that the new DeFi coin, FXGuys ($FXG), has been the go-to…
Curious about where the Polkadot price is headed? Or maybe you’re wondering if XLM’s rally…
Any investor can achieve outstanding profit by selecting the best crypto presale in the growing…