CONSENSUS ABOUT THE v7 UPGRADE (ASIC RESISTANCE)First of all, I'll make this short. I strongly belive that we need to upgrade.
As many of you know the blockchain technology need some upgrades from time to time, not so long ago the Bytecoin blockchain suffered an attack in which 693 million BCN coins were created from nowhere.
Almost every cryptonight coin has upgraded their code or is in process of upgrading it (I'll not mention the projects but you can check in
https://www.cryptunit.com/ all the coins that uses cryptonight algo and wich ones runs on v7).
Right now the community need to know the risks associated to not upgrading to v7, some risks are:
- Hashrate attack
- TimeStamp attack
- 51% attack
- Blockchain control from ASIC suppliers
As a community, we must participate in a consensus to decide if Bytecoin need to upgrade their Cryptonigh protocol to v7 (ASIC resistance).
Please participate, discuss and in the end of the post leave this comment: YES UPGRADE or NOT UPGRADEI strongly believe that we need to upgrade.
Soon I'll create a threadpool, some in Twitter.
Cheers and keep up the good work !!