New Monero upgrade to combat ASIC miners

The cryptocurrency called Monero which is very popular among those enthusiasts who value privacy (unfortunately, hackers value privacy as well) will not be mined through ASICs, as declared by the project team.

The hard fork of this cryptocurrency will not lead to blockchain segregations similar to the one we have seen with Bitcoin. As a result, Bitcoin Cash has emerged, which the most radical fans call a real Bitcoin. The main reason of this hard fork is that the developers of Monero do not want to see mining whales dictating their will to the whole market, which is yet extremely small in comparison to Bitcoin.

Another cryptocurrency which blocks ASICs is, of course, Bitcoin Gold, which now costs 141.39 USD on Coinmarketcap. This is actually its main feature - to give the simple users an opportunity to mine just like the first fans of Bitcoin did in 2009.

Monero’s reputation, as already mentioned above, is suffering greatly from the fact that its tools are beneficial for hackers, who either use the special Coinhive script which allows remote mining or transfer stolen Bitcoin funds into this altcoin, as in the case with WannaCry.