Monero is updated to avoid centralization and break compatibility with asic

Monero has updated the cryptocurrency mining protocol to accommodate the introduction of CryptoNigh t ASICs, highly efficient miners that threaten to centralize the coin, defeating its decentralized network purpose.

Monero wants to avoid specialized ASICs in mining

The idea behind this move is to avoid centralization, for this Monero developers have updated the mining protocol to version 12, a change that will prevent CryptoNight mining specific ASICs from working. This change will not lead to the creation of a secondary currency, although several third party groups took the Monero binaries and plan to keep version 11 alive.

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The Monero mining community is positive about this change as they predominantly use standard PC hardware to mine the coin, thus benefiting from the inability to continue using specialized ASIC systems.

Monero ASICs are relatively new and are primarily used by the companies that secretly created them prior to commercial launch, taking advantage of their high profitability before the market has time to adjust to their existence.

The founders of Monero Classic claim that forcing resistance to ASICs creates a more damaging and alternative form of centralization, and that developers can and will change the consensus rules when they see fit. They fear that this fork has created a dangerous precedent, where the original creators of Monero can change the network rules at will.

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