Monero Hard Fork - ASIC RESISTANCE

in #monero • 6 years ago (edited)

According to the official announcement,
Monero team is going to change PoW and issue a new algorithm CryptoNightV7.

The Prime Cause for this change is “to maintain ASIC resistance by swiftly reacting to any potential threat from ASICs and considering slightly modifying the PoW at every hardfork.”

Monero team is protecting XMR from the centralization as new ASIC miners may gain a significant majority of the network hashrate.

The network upgrade will take place on 6 April 2018, block no. 1546000.

Be aware that it will should be impossible to mine XMR after the fork with new ASIC miners due to the new CryptoNightV7 algorithm.

#cryptocurrency #mining #blockchain #arab
6 years ago in #monero by
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