Monero Switching to Proof-of-Work Algorithm in October

The privacy coin as been battling a lot of issues and criticism on thier present protocol “CryptoNight” and plans a switch to Proof-of-Work algorithm this October.

Developers in the project are forced to always hard-fork the the network every 6 months to ensure Application-Specific Integrated Circuit (ASIC) resistance by implementing small changes to CryptoNight.

This approach is widely criticised by the community for portraying a strong element of centralisation. This is one of the reason for the intended switch over to Proof-of-Work protocol.

The new Proof-of-Work protocol is in partnership with Arweave, who are expected to fund an audit of the algoorithm. Monero will implement the RandomX algorithm t replace CryptoNight if the audit is successful.

Author: CoinTick Editorial

CoinTick Editorial is a collection of Cryptocurrency experts who are a team of the CoinTick arm of the BAYK Project. They are collectively sharing crypto News and Articles and regulating News and Articles published by CoinTick writers, External writers and Sponsored Posts on the CoinTick platform. To get in touch, use the Contact Us page or write to

Leave a Reply