What is cryptojacking?
Cryptojacking is the unauthorized use of computer resources to mine cryptocurrencies. The idea is that an intelligent system can use the resources of visiting devices or end users to contribute to bitcoin mining or other similar mining effort. The use of crypto jackets creates enormous controversy over the appropriate use of shared resources and interactions between digital parties.
Cryptojacking is also known as crypto malware.
Using various types of hacks and programs, individuals performing cryptojacking can distract visiting devices from their intended use or elicit energy in the background of a digital transaction. Experts point to a Monero miner called CoinHive as an example of cryptojacking technology.
The practice of cryptojacking has been viewed as an illicit reorientation of device activity and 'consumption of resources', leading security system manufacturers to block technologies that achieve cryptojacking goals. The future of cryptojacking in the Bitcoin age will be illuminating about the limits of what is socially acceptable in cryptocurrency mining.