Just about two several years following announcing its intention to migrate to a new mining algorithm, Luxcore has ultimately produced the transition. The blockchain project successfully applied a important fork at block 1612500 on February 18.
As portion of the new fork, the community has now migrated to a new mining algorithm – RX2. As for every the announcement, RX2 will make sure a fairer distribution of mining benefits, although gratifying extensive-phrase LUX miners. Moreover, the new algorithm is expected to greater safe the blockchain community, safeguard LUX from pumps and dumps, and continue to keep the ecosystem at the forefront of cryptocurrency mining.
Our new algorithm has been developed and optimized to make sure a [fairer] playing subject for miners using CPU and GPU hardware, eliminating any advantage from specialised products that may consolidate hashing energy.
For some context, RX2 is a spinoff of Monero’s RandomX protocol, a Proof-of-Work algorithm that was intended to be ASIC resistant. With a several enhancements to the authentic code, the Luxcore team introduced RX2. In standard, RX2 is optimized for standard-objective CPUs, offers of a better diploma of decentralization, and is a lot more egalitarian in the distribution of block rewards.
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