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!
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Dani P
Dani Polo is the Head of SEO at BeInCrypto.com. For over seven years, Daniel provided SEO for companies ranging from small businesses all the way up to Fortune 500 corporations. He is heavily focused on Fintech and Finance sector.
Daniel earned his Bachelor of Science in Computer Science from Universitat Politècnica de Catalunya. He also has certifications from YCombinator Startup School, SEMRush and Hubspot. He’s currently focused on machine learning and artificial intelligence.
Dani Polo is the Head of SEO at BeInCrypto.com. For over seven years, Daniel provided SEO for companies ranging from small businesses all the way up to Fortune 500 corporations. He is heavily focused on Fintech and Finance sector.
Daniel earned his Bachelor of Science in Computer Science from Universitat Politècnica de Catalunya. He also has certifications from YCombinator Startup School, SEMRush and Hubspot. He’s currently focused on machine learning and artificial intelligence.
READ FULL BIO
Sponsored
Sponsored