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Monero Will Implement RandomX Algorithm to Combat ASIC Miners

M. Ali

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Monero-XMR-RandomX

In an effort to combat ASIC miners, Monero (XMR) will be changing its mining algorithm in late October to RandomX.

Monero is currently using CryptoKnight algorithm, which is a proof-of-work hashing algorithm originally designed by the Bytecoin and CryptoNote developer teams.

CryptoKnight algorithm was chosen by Monero team as CryptoKnight was originally designed to accommodate CPU and GPU mining and it was difficult to create ASIC miners for it.

According to Jordan Clifford of Monero, Rumors emerged that BitMain controlled a significant share of Monero’s hash rate by developing CryptoKnight ASICs. Developers alerted the community and efforts to change the hash function began.

The Monero research team began investigating how they could design a hash function that runs more efficiently on CPUs than on specialized hardware. In the meantime, it was decided the threat required an interim solution. CryptoKnight-R (v4) is currently used.

The team is now ready to launch RandomX. It uses the current block and data from a key block (every 2048 blocks) to produce a set of random programs and input that need to be executed together. The output from the programs is then fed into Blake2 to produce a final hash result

What is RandomX?

RandomX is a proof-of-work (PoW) algorithm that is optimized for general-purpose CPUs. RandomX uses random code execution (hence the name) together with several memory-hard techniques to minimize the efficiency advantage of specialized hardware.

According to RandomX’s developers, RandomX can operate in two main modes with different memory requirements:

  • Fast mode – requires 2080 MiB of shared memory.
  • Light mode – requires only 256 MiB of shared memory, but runs significantly slower

Because RandomX is optimized for general-purpose CPUs, the network will become more decentralized and egalitarian in the distribution of block rewards.

RandomX was developed for Monero by tevador, hyc, vielmetti, antanst and SChernykh. Wownero (which is a Monero fork) is also launching RandomX in their upcoming v0.6 update and will call it RandomWOW.

Monero XMR USD Price Chart

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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NULS Project Got Hacked

M. Ali

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Nuls Hack

The open-source, enterprise-grade blockchain solution “NULS” has announced that one of the team’s accounts was compromised by a group of hackers and around 2 million NULS tokens, that worth around $474K were stolen.

According to the announcement, NULS will be hard forking to destroy the stolen coins.

What is NULS Project?

NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.

NULS blockchain utilizes POC (Proof of Credit) consensus that is similar to POS (Proof of Stake) which requires locking a certain number of coins to run a masternode to earn a passive crypto income.

The required coins for masternode are 2000 NULS coins which are worth around $485.

NULS USD Price Chart

*Charts data were provided by CryptoCompare

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PIVX Releases v4.0 Core Wallet

June G. Bauer

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PIVX-New-V4-Wallet

After months of teasing, PIVX long-awaited v4.0 core wallet is now out in its complete glory. The new wallet introduces a completely redesigned and re-engineered core wallet with a new Graphical User Interface (GUI).

The new wallet comes with tons of new features such as a brand new PoS time protocol, cold staking feature, new masternodes signed messages, smaller v7 blocks and more.

A screenshot of PIVX New Wallet (Dark Theme)

Some screen shots of the PIVX New Core Wallet v4.0

New startup screens

PIVX V4 Language Selection
PIVX V4 Welcome Screen
PIVX V4 Loading Screen

New Dashboard Screen

PIVX V4 Dashboard

Send Tab


Options Window

PIVX’s Wallet Options

What is PIVX?

PIVX is an open-source, decentralized cryptocurrency that focuses on privacy, security, anonymity, and instant transactions. PIVX stands for Private Instant Verified Transaction.

PIVX is a DASH fork that was launched on January 2016, PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.

PIVX USD Price Chart

*Charts data are provided by CryptoCompare


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UNICEF France is Now Accepting Donations Through BAT Cryptocurrency

June G. Bauer

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UNICEF France is Now Accepting Donations Through BAT Cryptocurrency

The French website and the official twitter account of The United Nations Children’s Fund (UNICEF) that helps children around the world, now accepts donations in BAT cryptocurrency.

Donations can be made through using Brave web browser by simply clicking on the BAT icon in the Brave URL bar. Users can choose to make one-time or recurring monthly donations.

Donations in BAT token can be made to UNICEF France

Last October, UNICEF announced that it will be accepting Ethereum or Bitcoin as a form of donations into its recently established Cryptocurrency fund. The received funds will help improve internet connectivity in schools around the world and be able to invest into Blockchain start-ups, provided the projects help children and young people.

What is Brave Web Browser?

Brave browser, which was created by Brendan Eich the creator of JavaScript and a co-founder of Mozilla foundation, is a free and open-source web browser and available on Windows, MacOS, Linux, Android and iOS.

Brave web browser uses its own cryptocurrency , called BAT (or Basic Attention Token), allowing users to earn or donate crypto by just installing and using the browser.

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