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Africa

by Terence Zimwara

21 hours ago



FORMER MONERO DEVELOPER LAUNCHES NEW CRYPTO MINING APP




Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new
mining app called Tari Universe. The app aims to make mining accessible to
everyone using a user-friendly interface. However, Spagni faces legal troubles
related to fraud and forgery charges. Despite the alleged crimes occurring over
a decade ago, South African authorities only took action in 2021.


DEMOCRATIZING CRYPTO MINING

Riccardo “Fluffypony” Spagni, a former lead maintainer of the privacy blockchain
Monero, has launched a new mining application called Tari Universe. The app aims
to “democratize” cryptocurrency mining by using an ASIC-resistant hashing
algorithm that allows users to mine tokens with ordinary computers.

In recent remarks following the launch of the app, Spagni stated his goal is to
make mining more accessible to everyone.

“We wanted to create an experience where the technology fades into the
background. Tari Universe is about empowering users without overwhelming them,”
the former Monero developer said.

Meanwhile, Spagni said prospective users can improve their waitlist position by
visiting the Tari Universe site and inviting friends to join.



Spagni is promoting the layer one protocol despite facing fraud and forgery
charges pressed by his former employer, Cape Cookies. A Mybroadband report in
June said Spagni defrauded Cape Cookies of approximately $83,400 between Oct. 1,
2009, and June 8, 2011. However, South African authorities did not take action
until August 2021 when they requested U.S. authorities to apprehend him.

Since his arrest and subsequent transfer to South African authorities, Spagni
has maintained his innocence, even attempting to have the arrest warrant set
aside. However, the South African Supreme Court of Appeal denied this request.

Register your email here to get a weekly update on African news sent to your
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TAGS IN THIS STORY

cryptocurrency mining, Monero, Riccardo Spagni




TERENCE ZIMWARA

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He
has written extensively about the economic troubles of some African countries as
well as how digital currencies can provide Africans with an escape route.



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