The core development team behind Sia, a decentralized storage platform secured by blockchain technology, announced yesterday that it will hardfork in order to “brick the Bitmain and Innosilicon hardware.”
‘Civil War’
Sia’s problems with Bitmain and Innosilicon are numerous but primarily stem from the “secret” development of ASICs for mining Sia from the two companies — which nearly caused, according to Vorick, a “civil war.” As a result, Sia will render both companies’ ASICs useless. Not all ASICs will be affected, however.
Security Risk
As a ‘necessary consequence’ of sorts, Sia’s security will admittedly (and now notably) “decrease substantially” — a risk apparently worth the long-term rewards.
Siacoin (SC) Price
Siacoin (SC) itself hasn’t reacted too dramatically to the announcement. The 40th-ranked cryptocurrency by market capitalization is, at the time of the writing, trading at $0.006550 per coin — up 6.36 percent over the last 24 hours.
What do you think of the core development team’s decision to hardfork Sia in order to brick Bitmain and Innosilicon ASICs? Let us know your thoughts in the comments below!
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Dani P
Dani Polo is the co-founder of BeInCrypto, one of the most-read crypto media platforms globally. With a background in fintech and digital strategy, he has led its global expansion and business innovation. Recognized with multiple international awards, Dani combines technology, content, and automation to scale audiences in emerging financial markets.
Dani Polo is the co-founder of BeInCrypto, one of the most-read crypto media platforms globally. With a background in fintech and digital strategy, he has led its global expansion and business innovation. Recognized with multiple international awards, Dani combines technology, content, and automation to scale audiences in emerging financial markets.
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