Google, a unit of Alphabet Inc., is not leaving any efforts to tame a lesson or two to the cryptocurrencies market though the company is keen on Blockchain technology. The latest move is to chop all mining extensions of the virtual currencies from its Chrome Store. This is not only bad news for developers but also the virtual currency industry. The current steps come on the heels of the company slapping a ban on advertisements of the digital currencies in its sites.
What Went Wrong
If the report is to be believed, then the developers are to be blamed for the search engine giant’s decision. The company was not against the extension of mining crypto in the first place. However, Google has placed restrictions on the functionality as the policymakers were tightening regulations around the world. There is a couple of things that the developers have not taken it seriously.
For instance, developers were told to illustrate their activity on mining of cryptocurrency. Similarly, they have to agree that the extension could be used only for mining purposes. The search engine giant wanted developers to conduct only one kind of mining operations. However, the company found that 90 percent of them have failed to adhere to its guidelines. As a result, Google thought that enough was enough and pulled the rug.
Archive poster is an extension of Google Chrome. Its description suggested that users could have an easy interaction with posts listed on social media platform, Tumblr. On the other hand, it was found that the extension was participating in crypto jacking activity apart from altcoin Monero mining. As a result, the company removed the extension from its Chrome Store as it believes that it could slow down the computers, coingeek.com reported.
Aside from that, crypto jacking extensions also increase the electricity consumption level of the computers. In some cases, there is a threat of computer batteries melting due to overheating. The search engine giant believes that the users were not aware of these kinds of threats and also did not agree to the mining activity participation. This would suggest that the company has taken a correct decision to protect its users as some of the developers have deliberately bypassed controls.
Violation of Terms
Reacting to the developers’ attempts, Google’s Product Manager for extension platform, James Wagner, stated, “The extensions platform provides powerful capabilities that have enabled our developer community to build a vibrant catalog of extensions that help users get the most out of Chrome. Unfortunately, these same capabilities have attracted malicious software developers who attempt to abuse the platform at the expense of users. This policy is another step forward in ensuring that Chrome users can enjoy the benefits of extensions without exposing themselves to hidden risks.”
The company has also fixed the deadline of June for removing any extensions that failed to abide by the terms and conditions of Google. The search engine giant also indicated that it would keep a close eye on any extension in the upcoming period to make sure that they are in line with the guidelines. The company wanted every user to assess the usage of CPU and find out whether it is normal or more than and report any suspicious activity to them. Whatever may be the reasons, the latest move could hurt the sentiments of the crypto community.