Crypto

Monero Developers Complete the RandomX Upgrade

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.

Monero Keeps Forging Ahead

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.

Related Post

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.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top Secrets to Identifying the Best Crypto to Buy This Week Before It’s Too Late!

In a world where the digital economy is growing at lightning speed, the race to…

1 hour ago

NYC Entrepreneur Wins Big with BTC: BlockDAG Could Be Next

Mia Sanders, NYC Entrepreneur, Made Millions by Investing in BTC: Could BlockDAG Be Next for…

19 hours ago

Miami Artist Earns $5.2M with Solana: BlockDAG’s Future Prospects?

A Miami Artist's $5.2M Solana Success: Does BlockDAG Hold Equal Promises for 30,000x ROI? Success…

1 day ago

Chainlink And Aptos Investors Migrate To The Presale Of New Crypto Instant Funding Prop Firm FXGuys ($FXG)

Recent market trends show that the new DeFi coin, FXGuys ($FXG), has been the go-to…

1 day ago

Polkadot Price Prediction; Can XLM’s Rally Hold Strong as New Crypto Brings Passive Income? 

Curious about where the Polkadot price is headed? Or maybe you’re wondering if XLM’s rally…

1 day ago

Best Crypto Presale to Watch: Could This Be the Next 9000% Breakout Star?

Any investor can achieve outstanding profit by selecting the best crypto presale in the growing…

1 day ago