#vertcoin will hardfork against ASIC threat
▻https://hackernoon.com/vertcoin-will-hardfork-against-asic-threat-2dfecac6ea73?source=rss----3a
Due to the threat ASICs pose to the Vertcoin network, Vertcoin is forking to an adjusted version of its current algorithm. This fork will help protect the network while restoring profitability to miners. The direct cause for the fork is the availability of ASICs and the threats involved with mining outsourcabillity.What is the motivation for the fork?Vertcoin is based on the view that mining with commodity hardware is the best way to ensure a decentralized network. This in turn creates a network where both consensus and economic incentives are taking place at the level of the user. The ASICs that were created for the Vertcoins algorithm threatened this vision.As 2018 came to an end, ASICs were introduced on the Vertcoin network. This did not only make it less profitable to participate (...)
#bitcoin-fork #cryptocurrency-mining #blockchain #asic-threat