CryptoNight is a cryptographic algorithm utilized in the mining of certain Proof of Work blockchains. It made its debut in the digital currency world with Bytecoin (BCN) in July 2012. Since then, several blockchain initiatives have incorporated the CryptoNight protocol. Of the leading 10 CryptoNight-powered blockchains by market cap, CryptoNight secures assets worth over $130 million as of now

In this article, we delve into the origins of CryptoNight and its modifications by notable blockchain ventures. Subsequently, we’ll evaluate its efficiency against other Proof of Work cryptographic mechanisms.