Monero-Classic $XMC

Monero-Classic (XMC) is a hard fork of the original Monero (XMR) blockchain, first announced on the 29th of March. This hard fork was initiated in response to a disagreement with the changes implemented in the Monero blockchain, including resistance to Cryptonight ASIC miners. As such, Monero-Classic continues to support ASIC miners, standing as a testament to a particular vision of the future of blockchain technology.

Origins and Motivations

This hard fork was the result of a strategic decision made by a group that disagreed with the core Monero development team. After the 6th April hard-fork of the original Monero blockchain, several entities decided to create their own versions of Monero that still support ASIC miners. Monero-Classic is one of these alternative versions that emerged, first announced on Twitter on the 5th of April 2018.

The Team behind Monero-Classic

On the project website, the person behind Monero-Classic identifies himself as “PZ, an early Bitcoin evangelist and blockchain eco builder”. PZ outlines a strong belief in the importance of specialised mining machines in the cryptocurrency industry, asserting that such technology naturally emerges in any valuable algorithm, and can greatly enhance network security. This contrasts with Monero's decision to resist ASIC mining, a move seen by some as narrowing the potential for development.

Monero-Classic's Vision

The team behind Monero-Classic believe in embracing ASIC mining machines, which they see as a natural evolution as part of a normal market economy phenomenon. They argue that the existence of such professional mining machines can greatly improve network security, therefore helping avoid attacks such as the one where Monero was overwhelmed by more than 500,000 botnets. This attitude has led them to maintain the Monero system before the implementation of the algorithm change, preserving what they perceive as the potential for greater development within the ecosystem.

Call to Action

PZ and the Monero-Classic team invite developers, mining machine manufacturers, trading platforms, miners, purses, and others in the ecological chain to join them in their vision. They believe in the importance of giving different ideas and philosophies equal opportunities to flourish within the crypto community, as this diversity will ultimately lead to a more secure, stable