We are happy to announce a new proof-of-work (PoW) algorithm is currently being developed to replace PHI2 which will be called RX2! RX2 is our own blend of RandomX (for more information on RandomX see: github.com/tevador/RandomX/blob/master/doc/specs.md). We are designing RX2 to have a better balance between GPU and CPU mining. This change should ensure a more fair playing field for miners using CPU and GPU hardware, removing any advantage from specialized equipment that may consolidate hashing power. Keeping mining decentralized greatly improves chain security. We expect to be ready to switch to the new algorithm at the end of this month or early next month. We will announce once a specific block number has been set and a wallet update will be made available. Stay tuned for an in depth article discussing the algo change in the coming days.