New Lead Maintainer At Monero Talks on RandomX Hashing Algorithm

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  • One of the biggest privacy coins in the space, Monero has seemingly always gone down a different route compared to all the other digital coins in the market.
  • At the end of last year, Monero started to integrate RandomX, which in itself was a random thing to do from the project.

One of the biggest privacy coins in the space, Monero has seemingly always gone down a different route compared to all the other digital coins in the market.

At the end of last year, Monero started to integrate RandomX, which in itself was a random thing to do from the project. This was done in part of the consistent efforts from the community to be an ASIC-resistant coin. The team at Monero made the decision to hit pause on the changes being made to its network on a six-month basis. They are having a less intense method, one that would need them to Male changes every few years rather than every few months. 

Algorithms 

Taking over from the previous lead maintainer ‘fluffypony’, Alexander Blair has spoken on the change from the CryptonightR algorithm to RandomX. Blair was asked his thoughts on the change of algorithms and whether he is pro-RandomX or not. In terms of the latter, he said that RandomX is a “very interesting hashing algorithm,” but is still a complex one.

“The Cryptonote series of algorithm that we’ve been using for a long time [have] been relatively simple. Pretty easy for someone to just pick up and grab, re-implement and understand. The new RandomX series is definitely a lot more complex […] The complexity lends itself to ASIC resistance and it lends itself to GPU resistance.”

The maintainer further went to talk on whether he is pro-ASIC. We highlighted that many people are in a state of worry in regards to the control of the network due to the results it can have such as the idea of a distributed attack.

“I like the fact that miners that are smaller have a chance to do mining now, with large GPU rigs becoming the norm […] building a huge mining farm, that kind of takes away from the idea of a coin that is for the people in my mind and centralizes for the people who have the money, which is the same exact argument you go with ASIC.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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