Monero Classic (XMC)
Monero Classic markets
Monero-Classic is Monero original chain retained after Monero team initiated hard fork at block height 1546000 to be anti-ASIC. Monero-Classic is based on CryptoNote protocol and retains all parameters and features of the original Monero chain.
|Hashing algo||CN ASIC|
|Block time||120 sec|
|CN||24. Oct 2019|
Total supply: 18.44 million
Monero-Classic is a coin that has appeared in April 2018 after Monero (XMR) hard fork.
It uses the same Proof-of-Work consensus algorithm, but, compared to its mother-coin, Monero-Classic is ASIC-friendly, so when most of CryptoNight coins goes against, you still can use your CryptoNight-aimed equipment to mine Monero-Classic (XMC). It can also be mined not only with ASICs but also with GPU and CPU, so a decent home PC is enough to start mining Monero-Classic.
Why are you against the hard fork?
We believe the emergence of specialized mining machines for a cryptocurrency is a normal market economy phenomenon and it could greatly improve network security. With specialized mining machines, the events like "Monero was attacked by more than 500,000 botnets" could be avoided. On the opposite, frequent algorithm change creates more centralization.
When was the hard fork?
Block height 1546000
Timestamp: UTC: 2018-04-06 08:22:11