Monero (XMR) Developers Plan New Proof of Work Algorithm ‘RandomX’

Developers for Monero are considering a shift in their algorithm that will replace its current CryptoNight operating system.

Recent industry talk on algorithms has centered on the second largest cryptocurrency by market cap Ethereum, which is in the midst of a landmark 2.0 upgrade that will transition the currency from Proof of Work (PoW) to Proof of Stake (PoS). The  decision has sparked debate over whether Proof of Work is becoming an outdated model for cryptocurrency and if PoS can offer more in terms of energy efficiency and utility.

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