Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ZEN] Horizen: Bringing Privacy To Life [EX ZenCash]
by
TropicalDog
on 30/08/2018, 15:39:40 UTC
Quote from: Tonisim on August 30, 2018, 07:04:58 AM
Horizen (ZEN) Statement On Mining Algorithm

The Horizen team carefully evaluated the pros and cons of changing from the existing Equihash Proof of Work mining algorithm. This was caused by two events that happened close together in time. One was the double spend attack that was made against an exchange partner, and the other was the appearance of Equihash ASIC miners for sale to the public.
https://blog.zencash.com/horizen-zen-statement-on-mining-algorithm/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=mining+algo
At least, till now, it seems that ZenCash team (by now, it is Horizen team) have made smart decisions to change the algorithm.
Being ASIC-resistant is one of the most important things to maintain good ROI for miners and partially prevent terrible Replay Attacks, alongside with high required confirmations, Secure Nodes, Service nodes, etc.