The popular cryptocurrency Siacoin has received support for important cryptographic exchanges after its hard fork. SIacon (SC) has prepared a hard gallows that took place at the 179,000 block. A few hours ago, Sia was able to successfully implement v.1.3.7 update on her network. This update will block the ASIC equipment produced by Bitmain and Innosilicon to work on its blockchain. There are some exchanges that they have confirmed their support for the Siacoin fork.
Siacoin implements the new network update
Both has been able to implement a new update on its blockchain network. The miners of two of the most famous manufacturers of encryption hardware will no longer work with Siacoin. The ASIC miners of Binance and Innosilicoin will be blocked by mining activities on Siacoin's blockchain network.
We have just released both v1.3.7 to solve a difficulty setting problem with the upcoming fixed fork on October 31st. This is an update required to stay on the Both network and replaces the previous v1.3.6 update. Download to the address https://t.co/WLp6GHfhkU pic.twitter.com/Aa0jVeJ58i
– Sia Tech (@SiaTechHQ) October 22, 2018
Siacoin has received an important one support from various exchanges, including Bittrex, Poloniex, Binance and UPbit. These companies have already implemented the latest update. In addition, other platforms have also said that they will support Sia's new update. These platforms are HitBTC, Lbank, Vebitcoin, Bitbns and OKEx. Users who already have coins in these exchanges will have access to the new chain.
One of the exchanges, OKEx, announced about:
"We will support the Siacoin (SC) hard fork and make a snapshot of all OKEx accounts at the height of block 179,000. To support the hard fork, we have already suspended the withdrawal and deposit of Siacoin at 04:00 on 31 October 2018 (CET). "
The decision taken by Siacoin aims to combat the centralization of SC extraction. David Vorick, a developer of Siacoin, informed that the hard rock would take place. In addition, the hard fork establishes Obelisk as the only authorized ASIC miner ready to work with Siacoin.
Clearly, the decision taken was not easy. The community has decided to create two new projects from the old network. One is known as SiaClassic and the other is known as SiaPrime. SiaClassic states that there should not be ASIC discrimination. SiaClassic is concerned about the dollars lost in Siacoin mining equipment. SiaPrime, on the other hand, said that the cryptocurrency could be extracted from all miners.
At the time of writing, Siacoin is the 37th most precious virtual currency on the market. Each currency can be purchased for $ 0.0065 dollars and has a market capitalization of $ 245 million dollars.
Carlos is an international relations analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other major cryptocurrency sites; with over 2,000 published articles.