Yep. Monero is explicitly designed to remain CPU mineable, so that theoretically it remains more decentralized and mined by individuals rather than an industrial complex like bitcoin and ethereum have become.
Counterintuitively, I think this also makes it more susceptible to nation state attacks, since you can easily deputize fleets of existing CPUs to 51% attack the network, whereas no nation state on the planet can easily get enough sha256 ASIC miners to attack bitcoin, not even accounting for the enormous electricity requirements to sustain a destructive attack.
Then again, the consolidation of bitcoin mining as an industry is also a systemic risk compared to millions of individuals in the network mining. Tradeoffs.
Counterintuitively, I think this also makes it more susceptible to nation state attacks, since you can easily deputize fleets of existing CPUs to 51% attack the network, whereas no nation state on the planet can easily get enough sha256 ASIC miners to attack bitcoin, not even accounting for the enormous electricity requirements to sustain a destructive attack.
Then again, the consolidation of bitcoin mining as an industry is also a systemic risk compared to millions of individuals in the network mining. Tradeoffs.