Any finance-oriented industry will need to undergo constant development, changes, and face new competitors. In the cryptocurrency world, that situation is no different, although things are done a bit differently. Monero, one of the more popular altcoins, has undergone another major fork, which makes the project further ASIC-resistant and privacy-oriented.  The trade-off is how its network hashrate has dropped off significantly in the process.

The Latest Monero Fork is Successful

When it comes to upgrading the core protocol of any cryptocurrency, a hard fork is usually the best way to go. Bitcoin has seen its fair share of upgrades over the years, and Ethereum is going down a very similar path. Monero, the anonymity- and privacy-oriented altcoin, has seen many major upgrades over the past few years as well. Its most recent hard fork has been deemed a success, which is rather promising, all things considered.

As is always the case, there is a good reason as to why such a protocol upgrade is introduced. The Monero developers…

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Source: https://themerkle.com/monero-protocol-upgrade-thwarts-all-current-asic-mining-attempts/