The transition may take place in October 2019, the developers have concluded an agreement with the company Arweave. As a number of media have specified, the partner of the project Monero will finance the verification of the effectiveness of the new algorithm. The cryptocurrency network can switch to using the RandomX algorithm and abandon the current CryptoNight verification system if testing completes successfully.

PoW is needed to protect project network systems.

 Proof of work done or Proof-of-work (POW) is a form of protection for any network. This mechanism prevents DoS attacks or spam. PoW is based on computational work, the results of which can be easily checked on a dedicated server. In fact, the proof of the work done is approximate to finding a solution for a specific algorithm for some finite time. You can check the work efficiency with the help of a small number of special operations used in mining.

New algorithm will reduce the centralization of the network XRM

Now Monero developers use the CryptoNight algorithm, with which they update the network once in six months through forks. Thus, they resist ASIC miners. However, the use of this solution leads to excessive centralization of the platform. Arweave argues that the use of the RandomX algorithm requires less intervention from developers and steadily counteracts ASIC. During the verification of the effectiveness of the new solution, it is planned to spend $ 150,000 on this procedure. The developers want to complete testing in the next three months. Experts note that the RandomX algorithm requires processors to have more than 2 GB of RAM. In addition, the new solution minimizes the risks of hidden mining.
The team of developers of cryptocurrency Monero (XRM), focused on confidentiality, can move to a new work proof algorithm (PoW). The transition may take place in October 2019, the developers have concluded an agreement with the company Arweave. As a number of media have specified, the partner of the project Monero will finance the verification of the effectiveness of the new algorithm. The cryptocurrency network can switch to using the RandomX algorithm and abandon the current CryptoNight verification system if testing completes successfully.

PoW is needed to protect project network systems.

 Proof of work done or Proof-of-work (POW) is a form of protection for any network. This mechanism prevents DoS attacks or spam. PoW is based on computational work, the results of which can be easily checked on a dedicated server. In fact, the proof of the work done is approximate to finding a solution for a specific algorithm for some finite time. You can check the work efficiency with the help of a small number of special operations used in mining.

New algorithm will reduce the centralization of the network XRM

Now Monero developers use the CryptoNight algorithm, with which they update the network once in six months through forks. Thus, they resist ASIC miners. However, the use of this solution leads to excessive centralization of the platform. Arweave argues that the use of the RandomX algorithm requires less intervention from developers and steadily counteracts ASIC. During the verification of the effectiveness of the new solution, it is planned to spend $ 150,000 on this procedure. The developers want to complete testing in the next three months. Experts note that the RandomX algorithm requires processors to have more than 2 GB of RAM. In addition, the new solution minimizes the risks of hidden mining.