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.
@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:
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.
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.
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"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."