The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks.
Community members suggested several data-ct-non-breakable=”null” href=”https://github.com/monero-project/research-lab/issues/136″ rel=”noopener nofollow” target=”_blank” title=”null”>proposals, including localizing mining hardware, switching to a merge mining algorithm, allowing XMR to be mined alongside Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) or other major cryptocurrencies, and data-ct-non-breakable=”null” href=”https://www.reddit.com/r/Monero/comments/1mugijj/monero_masternodes/” rel=”noopener nofollow” target=”_blank” title=”null”>adopting Dash’s ChainLocks solution.
Dash’s ChainLocks uses “randomly selected masternodes” to reach a quorum on the first valid block broadcast by the network, locking the blockchain ledger…
