Monero developers resist ASIC RandomX algorithm code freeze date expected to be July

Monero developers resist ASIC RandomX algorithm code freeze date expected to be July


According to CoinDesk on June 12, the developers behind the privacy coin Monero are stepping up their efforts to prevent professional mining hardware from running on their cryptocurrency network. Howard Chu, founder and CTO of computer software company Symas Corporation, said that four different audits of RandomX are being completed and the code freeze date is expected to be July.
The Monero community is moving forward with a new mining algorithm, RandomX, designed to make ASICs uncompetitive in the long term. An audit of the code was recently completed, and several others are in progress. The algorithm could go live in October.
Community contributor Justin Ehrenhofer said, "I think we will eventually reach a consensus that RandomX will be implemented. This is our best defense against Monero. If that fails, then Monero may move to an ASIC-friendly algorithm." According to community contributor Diego Salazar, RandomX is Monero's "last effort to keep ASICs out." Howard Chu said that RandomX is designed to be "CPU-centric," and CPUs are the most widely distributed computing resource in the world. With the goal of decentralizing the largest miners, Chu predicts that RandomX will give CPU miners a favorable lead over ASICs for at least the next three to five years. In addition, the algorithm will give CPU miners an advantage over GPU miners.

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