What are the downsides of Monero?

Furthermore, the ASIC-resistance has inadvertently facilitated the emergence of botnets as a means of mining Monero. Botnets, composed of compromised devices, can harness immense computational power, posing a risk of mining centralization.

Centralization through botnets undermines the decentralized nature of cryptocurrency mining, as a few entities or individuals may control a significant portion of the mining hash rate.

Monero's mining algorithm was strategically crafted to resist the dominance of Application-Specific Integrated Circuits (ASICs), fostering a decentralized mining environment where individuals can participate using consumer-grade hardware.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to cater to the diverse needs of the digital asset ecosystem. Its offerings encompass spot trading, enabling users to buy and sell cryptocurrencies instantly, and futures trading, allowing for more advanced strategies and hedging opportunities.

While this approach aimed to democratize mining and promote accessibility, it inadvertently introduced challenges like the potential for abrupt fluctuations in mining difficulty.