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Daniel Ternyak
Daniel Ternyak
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One reasonWhile Monero does not use Keccak for its hashing, one advantage of using CryptoNote is to prevent Monero from immediately being able to be mined by ASICs. There is tremendous investment in SHA-256 hashing because of Bitcoin's popularity, so using a less popular / more memory intensive standard allows Monero to be mined by the "common man"- at least until ASICs are developed.

One reason is to prevent Monero from immediately being able to be mined by ASICs. There is tremendous investment in SHA-256 hashing because of Bitcoin's popularity, so using a less popular / more memory intensive standard allows Monero to be mined by the "common man"- at least until ASICs are developed.

While Monero does not use Keccak for its hashing, one advantage of using CryptoNote is to prevent Monero from immediately being able to be mined by ASICs. There is tremendous investment in SHA-256 hashing because of Bitcoin's popularity, so using a less popular / more memory intensive standard allows Monero to be mined by the "common man"- at least until ASICs are developed.

Source Link
Daniel Ternyak
Daniel Ternyak
  • 450
  • 3
  • 10

One reason is to prevent Monero from immediately being able to be mined by ASICs. There is tremendous investment in SHA-256 hashing because of Bitcoin's popularity, so using a less popular / more memory intensive standard allows Monero to be mined by the "common man"- at least until ASICs are developed.