Monero Launches a Trustless P2P Mining Pool
The developers of Monero, a privacy-centric cryptocurrency and a leader in its category, have activated a trustless p2p mining pool.
Unlike centralized cryptocurrency mining pools, a P2P pool is free to join and depends on the wider community for improvements. For example, in Monero's P2P pool, there is a donation button where contributions will go towards pool refinement and more.
Monero is a Proof-of-Work network. Unlike Bitcoin, though, Monero is ASIC resistant. Consequently, it is more decentralized than the legacy network. However, its reliance on GPU miners means the platform has a lower concentration of hash rate.
However, this doesn't mean mining is easy. The purpose of the Monero mining pool is to concentrate hash rate, subsequently increasing the odds of an individual miner approving many transactions and receiving block rewards.
The launch of the trustless p2p mining pool is only one of the many innovations in Monero. Monero has an atomic swap with Bitcoin to duck regulatory limitations placed on centralized exchanges, allowing for even more trustless trading. Monero is available for trading at CryptoAltum. Clients have access to high leverage, of up to 500X, with zero commission.