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

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

23 hours ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

23 hours ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago