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Question: Have you heared of POP Algorithm?
Familiar
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Author Topic: A Mysterious Algorithm Will Replace RandomX Quietly  (Read 126 times)
Connor LC (OP)
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March 06, 2020, 06:13:13 AM
Last edit: March 31, 2020, 09:53:58 AM by Connor LC
 #1

I found something interesting! Cheesy Cheesy Cheesy
An “Evil” Hard Fork is Coming for Monero.

Click the following link and would make you surprised.
https://link.medium.com/eY1qBs4RC4

What do you think about it?  Huh
Is it possible to take place on Monero?


2020/3/31 update
It seems a really good project.
The following is quoted by their website http://poporo.io
Although Poporo seems to be a common forking project, it is a novel solution. It abandoned the POW algorithm adopted by many private blockchain and chose a new POP algorithm for mining. And solve the problem of security and ASIC resistance.
The POP consensus algorithm, Proof-Of-Proof.
Refer to an algorithm that guarantees the security of other blockchain networks through a highly secure blockchain network.
Because the bitcoin has the recognized highest computing power, the highest attack cost, and the best security, the host system of the general POP algorithm adopts the bitcoin network. Poporo chose Bitcoin as the host system. By changing the consensus algorithm from POW to POP, it can completely get rid of the problem of the ASIC mining center and mining pool, and the security will exceed the original Monero.
The true meaning of decentralization is the freedom of competition, which is a competitive process, not an outcome.

Bitcoin is currently the most decentralized blockchain, which is also one of its sources of value. Bitcoin just like the hydrogen in the periodic table, the first element, and it is also very stable. Other innovations are to fill other spaces in the periodic table, not replace Bitcoin. What Poporo wants to be is oxygen- a decentralized project for blockchain future that cares about user privacy. It cleverly expands the use of Bitcoin without burdening the network and wasting electric power. On the one hand, it promotes the demand for bitcoin, helping it become more secure, and also maximizing the energy consumption ratio of bitcoin.

It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Stanlo
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March 06, 2020, 07:49:29 AM
 #2

I don't know why they will try to switch to new algorithm again because randomX is still impenetrable at the moment but if this POP algorithm will erase the need for asic miners then no problem
Connor LC (OP)
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March 06, 2020, 08:12:23 AM
 #3

I vote for POP.
It is interesting and monero can try it.
Connor LC (OP)
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March 31, 2020, 09:54:16 AM
 #4

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