The Monero network hosted a hard fork with the activation of the RandomX PoW algorithm



1XBET: 100% Welcome Bonus.
CLICK ON THE BANNER TO REGISTER And CLAIM BONUS INSTANTLY


The Monero network hosted a hard fork with the activation of the RandomX PoW algorithm

Am Sure you can learn successful Blogging secrets through me, am also sure you can learn how to make money online with the help of my updates why not leave your email behind let me show you how.
Loading

The developers of the privacy-oriented Monero cryptocurrency during a video conference on November 30 announced a successful hard fork on block 1978433.

Its main feature was the activation of the new RandomX algorithm, which replaced the previous Proof-of-Work algorithm of CryptoNight R. Now mining operations can be effectively carried out on video cards and processors.

This, the developers are sure, can increase the level of decentralization of the Monero network, as well as remove FPGA and ASIC devices from the network.

Other innovations:

Refusal of long payment identifiers (payment ID) in order to increase privacy and improve user experience.
Changes to the requirements for the number of outputs. Transactions now require at least two exits.
Change lock time requirements. Now, at the protocol level, incoming transactions will be valid after 10 blocks (approximately 20 minutes).

According to the Crypto Mining Blog, in the current conditions, the AMD Ryzen 5 3600 processor produces a hash rate of 6 KH / s, allowing you to mine about 0.019 XMR per day (about $ 1 at the current rate).

One of the main problems of Monero has historically been hidden mining, and it is the transition to RandomX, which was announced in May this year, is designed to make it difficult.

The Monero network hosted a hard fork with the activation of the RandomX PoW algorithm



1XBET: 100% Welcome Bonus.
CLICK ON THE BANNER TO REGISTER And CLAIM BONUS INSTANTLY


Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

  −  4  =  five