The RandomX algorithm was developed for Monero by the developers Tevator, hyc, Vielmetti, and Antanst y Schernykh. The algorithm was successfully activated on the Monero network on November 30, 2019.
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RandomX is a proof-of-work (PoW) algorithm designed to replace the Monero (XMR) algorithm and be resistant to specialized mining hardware, like ASICs. RandomX is the new ASIC-resistant mining algorithm for Monero that encourages CPU mining while facilitating security for its protocol and blockchain.
RandomX is designed to create a completely random “work zone” or scratchpad with a high memory consumption, and it uses advanced virtualization techniques for its operation. That makes RandomX highly resistant to ASICs.
What Is Monero (XMR)?
Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.
Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.
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