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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