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?
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. Unfortunately, most of those can now be mined with exact hardware the developers aimed to oppose in the first place. Monero is one of the few top coins still holding out in this regard, which can only be considered to be a good thing.
To ensure that will remain the case, a new proof-of-work algorithm will be audited fairly soon. It is known as RandomX, and serve as a long-term ASIC resistance…