Home Altcoins News Monero RandomX algorithm upgrade Features Advantageous to Operators

Monero RandomX algorithm upgrade Features Advantageous to Operators

monero randomx
  • Monero RandomX algorithm upgrade Features
  • Chinese translation of Mastering Monero
  • Monero Price Improved

Monero RandomX algorithm upgrade got focused on banning ASIC mining from the network.

Monero recently tweeted, “The latest @Monero network upgrade introduced a new impressive feature. RPC-Pay is an innovative way to incentivize server operators to earn Monero as an alternative to ad revenue. This has the potential to be revolutionary.”

The feature got expected to facilitate a revolutionary effect.  Previously, the public Monero node did not generate any income directly, and it was a matter of concern for the operators. The incentive facilitated by RPC-pay is believed to motivate operators of the public Monero Node.

Payment is made in hashes.  The hashes are calculated by the RPC client itself. The feature is said to contribute in a great deal for the decentralization of Monero. Privacy is yet another advantage.

Chinese translation of Mastering Monero

Mastering Monero tweeted:  “It’s a pleasure for us to announce the Chinese translation of Mastering Monero, translated by wonderful members of the Chinese Monero community.”

The PDF is available for free download or donation by those who are willing to donate.

Sydney Ifergan, the Crypto Expert, tweeted:  “The best technology sounds dumb when people do not understand it.  It is nice that the Chinese translation of Mastering Monero is now available, thereby improving reach.”

Monero continues to be the favorite privacy coin. There is extensive data obfuscation, and the blockchain facilitates absolute anonymity.  “CryptoNote is the basis for Monero’s inner modus operandi.”

The credits to the correct functioning of the Ring transactions in Monero goes to CryptoNote codebase. Monero works with several types of wallets.   The official PC wallet is accessible in CLI and GUI versions.

The ring signatures consist of real persons, bots, or mixins. With time, every transaction becomes mixins. Mixin is the shadow of the previous XMR transaction, which the wallet adds to the transaction. For instance, it is the ghost of the transaction, which takes its roots in the past.

Riccardo Spagni of Monero

Riccardo Spagni tweeted:“Turns out DeFi was actually CeFi all along.”  This, he stated in response to another tweet from Chris Blec.

Chris Blec conveys that almost every DeFi smart contract consists of an admin key and that the admin key can be used maliciously if it falls into the wrong hands. Blec further tweeted that it is tough to know how these keys are protected.  

The price of Monero XMR/USD has improved from $61 to $71.  The price has gained 17% in a short period. On the daily chart, the price is trending in the critical supply area at $70 to $73. This is considered to be a potential double top structure, and it is important for the bulls to break out to pass the bearish trend indicator.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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