Crypto Needs More Than Code to Beat the ASIC Mining Threat
Defending cryptocurrencies against the centralizing forces of ASIC mining chips requires more than coding fixes; human governance is also critical.
Nebulous, the startup behind the Sia network for decentralized file storage, is doubling its staff and focusing on media streaming.
Innosilicon's mining equipment no longer works on Sia following a planned algorithm change. But not everyone went along with the fork.
As part of the settlement, the SEC will not take enforcement actions against Siacoin maker Nebulous or current activity on the Sia network.
Sia has released the formal code for an imminent hard fork that will block cryptocurrency mining firms like Bitmain from its blockchain network.
After months of debate, Siacoin's founder is announcing a fork. That's good news for his other project, which will have the coin's only working ASICs.