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
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Mining cryptocurrencies can be done through a wide range of hardware. Some coins require ASICs, whereas others are still compatible with CPU and GPU mining. Monero, a privacy coin known for opposing ASICs as long as possible, is looking for new solutions in this regard. The RandomX proof-of-work algorithm was proposed some time ago, but what does it entail exactly? Exploring RandomX Opposing cryptocurrency mining ASIC equipment is no easy feat. Until a few years ago manufacturers were primarily interested in building units compatible with Bitcoin and Litecoin mining. This forced numerous altcoin developers to come up with new algorithms.