The developers of FrontMonero have launched a new cryptocurrency mining application using an ASIC-resistant hashing algorithm
ChainCatcher news, Riccardo "Fluffypony" Spagni, the former chief maintainer of the privacy blockchain Monero, has launched a new mining application called Tari Universe. This application aims to "democratize" cryptocurrency mining by using an ASIC-resistant hashing algorithm that allows users to mine with regular computers. After the recent release of this application, Spagni stated that his goal is to make mining easier for everyone, "We want to create an experience where technology gradually fades into the background. Tari Universe is about empowering users rather than suppressing them."Spagni is promoting the L1 protocol, despite facing fraud and forgery allegations from his former employer Cape Cookies. In June of this year, a report from Mybroadband stated that Spagni defrauded Cape Cookies of approximately $83,400 between October 1, 2009, and June 8, 2011. However, South African authorities did not take action until August 2021, when they requested U.S. authorities to arrest him.Since his arrest and subsequent extradition to South African authorities, Spagni has maintained his innocence and attempted to overturn the arrest warrant. However, the South African Supreme Court of Appeal denied this request.
