Monero Price Analysis: The True Potential of XMR Will Be Revealed After Audit Completion
Monero (XMR) is known to be the most privacy-centric currency. But lately, they are switching to new Proof of work algorithm as agreed with Armweave. The developers of XMR were trying to enable the ASIC (application specific integrated circuit) resistance, which was then questioned as an overly centralized network. This concern was raised by one of the commentators on Github platform.
With Armweave in the picture, the audit has already reached the funding level of approximately $150,000 followed by the launch of RandomX that will bring lesser intervention on the ASIC resistance platform. With Monero switching to decentralizing cycle, the price on the chart will definitely show some random runs. Traders are expected to wait and screen the chart till then.
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Source: CryptoNewsZ
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man could you explain some thing about the nexo project ?
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Aside Monero being a potential privacy coin, can you talk about Veil coins? Veil coin is also a privacy coin which combined most prominent privacy technologies in its operations. You seem backgrounded with privacy coins. No knowledge is wasted.