Litecoin Will Not Hard Fork to Fend Off ASICs!

Litecoin Will Not Hard Fork to Fend Off ASICs!

There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....


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Quotes

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

Satoshi Nakamoto, Bitcoin Developer