From bc3c87b2909d88a04b996961cb4803c0ff9d2c24 Mon Sep 17 00:00:00 2001 From: contractless <00purple@gmail.com> Date: Wed, 23 Oct 2024 20:23:47 +0000 Subject: [PATCH] Update Proof of Time --- Proof-of-Time.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/Proof-of-Time.md b/Proof-of-Time.md index cacfadf..798f27d 100644 --- a/Proof-of-Time.md +++ b/Proof-of-Time.md @@ -21,4 +21,6 @@ GPUs (Graphics Processing Units) became the preferred hardware for PoW mining du As difficulty levels in blockchain networks like Bitcoin increased, the computational power provided by CPUs quickly became insufficient for effective mining. GPUs, with their superior parallel processing capabilities, offered a significant performance boost, enabling miners to generate more hashes in a shorter period and thus increasing their likelihood of discovering a valid block. However, as the blockchain ecosystem evolved, specialized hardware such as ASICs (Application-Specific Integrated Circuits) eventually outpaced GPUs, leading to the centralization of mining power in PoW networks. -### Proof of Work (RandomX) \ No newline at end of file +### Proof of Work (RandomX) + +RandomX is a PoW concept that was created by Monero. It is specifically designed to be CPU-friendly and resistant to the dominance of specialized mining hardware like GPUs and ASICs. RandomX was introduced to preserve decentralization by making mining feasible on consumer-grade CPUs while limiting the effectiveness of GPUs and ASICs. This approach contrasts with traditional PoW algorithms. \ No newline at end of file