Google Bans Cryptocurrency Mining Extensions on its Chrome Browser – Cryptocurrency Mining News

Google Bans Cryptocurrency Mining Extensions on its Chrome Browser – Cryptocurrency Mining News

World’s top tech company Google has placed a ban on all cryptocurrency mining extension on its Chrome browser. Today, Google’s Chrome Web Store will remove all cryptocurrency mining extension due to the increase in malicious activities like cryptojacking related to these extensions. Google will remove any extension that contains mining related functionality by July 2018.

Formerly, cryptocurrency mining extensions were allowed on the chrome Web Store if the user fully understands how it works, revenue model and the extension fulfils just that singular function. This action by Google is to forestall abuse by scammers and hackers as the mining scripts are usually interlaced with codes to continue mining in the background without the user’s knowledge. Such scripts consumes a large amount of the CPU’s valuable processing power and the user’s internet data.

According to a blog post on the Chromium Web Browser website, crypto-jacking has been on the rise since the past six months and an effective method to counter this trend has continually evolved in many ways. Browser extensions with blockchain-related purposes “other than mining” will still be permitted.

The product manager for Google’s extension platform, James Wagner said in the blog post that most browser mining extensions fail to meet Google’s standard.

“Unfortunately, approximately 90 percent of all extensions with mining scripts that developers have attempted to upload to Chrome Web Store failed to comply with these policies, and have been either rejected or removed from the store.”

Browser Cyptocurrency mining and Cryptojacking

There is a common believe that mining cryptocurrencies on a web browser while surfing the internet would mean a more efficient method of earning some income without acquiring expensive mining equipment. However, in 2017 Google found out that hackers were embedding malware scripts on websites to hijack visitor’s devices and mine cryptos without their consents. This malpractice known as “cryptojacking” consumes great amount of user’s CPU’s power without their permission.

Google has previously announce a ban on cryptocurrency-related adverts on its platforms. Google announced the ban as part of updates to the Financial Services section of its Advertisement Policies which will take effect from June this year. Despite Google’s recent hard stance on Cryptocurrency, it is looking to use blockchain technology for its cloud business. The company is working on a range of crypto-related technologies to power its online services.

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