RandomX was created to prevent ASICs from dominating mining of #Monero, and has proven to be the longest-lived ASIC-resistant mining algorithm ever implemented, preventing ASICs on the Monero network for 2y and counting.

RandomX is key to the mining decentralization of Monero.
Unlike other "resistant" algorithms, RandomX was built from the ground up to serve this exact purpose by people with decades of computing experience.

We're immensely grateful for the innovation and incredible work by @hyc_symas, sech1, tevador, and other contributors.
@hyc_symas To learn more about RandomX, check out the following two helpful resources:

- monerooutreach.org/stories/Random… by @xmroutreach
- localmonero.co/knowledge/mone… by @LocalMoneroCo
@hyc_symas @xmroutreach @LocalMoneroCo To get started mining Monero with common hardware like a desktop computer, have a look at the following guides, focused on using #p2pool for even more decentralized mining:

- github.com/SChernykh/p2po…
-
- blog.sethforprivacy.com/guides/mining-…

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More from @monero

2 Dec
1/ Seraphis, a zero-knowledge proving system from UkoeHB and the Monero Research Lab for confidential transactions that is faster, lighter, and more private, is making excellent progress!

A thread on some of the key advantages to Seraphis:
2/ It's important to note before we go further that Seraphis is a protocol abstraction, and not a specific implementation, and so there are a lot of design decisions yet to be made in the instantiation of Seraphis used in the Monero privacy protocol in the future.
3/ The first key advantage that Seraphis brings is vastly improved scaling of transaction size and verification time as decoys increase versus the currently used CLSAG. This allows a move to larger ring sizes without severe impacts to initial blockchain download or wallet sync.
Read 11 tweets
27 Jul
A rather significant bug has been spotted in Monero's decoy selection algorithm that may impact your transaction's privacy. Please read this whole thread carefully. Thanks @justinberman95 for investigating this bug.

1/6
@justinberman95 If users spend funds immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds), then there is a good probability that the output can be identified as the true spend.

2/6
This does not reveal anything about addresses or transaction amounts. Funds are never at risk of being stolen. This bug persists in the official wallet code today.

3/6
Read 6 tweets
15 Sep 20
The long-awaited Perkins Coie whitepaper is now available!

"Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies"

This 40 page report is the most comprehensive to-date on compliance and Monero and will greatly assist adoption of XMR!

perkinscoie.com/en/news-insigh…
Some top quotes from the whitepaper:

"Allowing VASPs to support privacy tokens under current, tested AML regulations strikes the appropriate policy balance between preventing money laundering and allowing beneficial, privacy-preserving technology to develop."
"Not only do privacy coins provide public benefits that substantially outweigh their risks, existing AML regulations properly and sufficiently cover those risks, providing a proven framework for combatting money laundering and related crimes."
Read 12 tweets

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