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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: babylon99 on August 10, 2015, 01:04:05 PM



Title: Has got algorithm any role in POS phase ?
Post by: babylon99 on August 10, 2015, 01:04:05 PM
Hello all

Algorithm in POS coins has any role in POS phase ?

Some of coins are 100% POS from start . what's difference if they be scrypt or they be x11 or sha-256 ?


Title: Re: Has got algorithm any role in POS phase ?
Post by: Tash on August 10, 2015, 09:07:38 PM
No

Cryptocoin security is dependent on:
  • Strength of algorithm
  • Distribution of mining resources
  • Difficulty
  • Network strength

Long hash chains are cryptographically nonsense (x5, x6, x11, x15, x17)

Read up and choose the algo you like

SHA256
Script
Script-Chacha
Script-N
Scrypt Jane
NeoScript
yescrypt,
ZR5
Cryptonight
Blake-256
M7
jackpot,
nist5,
fresh,
myr-groestl,
m7,
blake (any),
keccak (sha-3),
heavy/hefty1,
fugue256,
deep,
s3,
spread,
dmd-groestl,
lyra2RE,
pluck,
whirl (any),
zr5,
skein (any),

The mother of all "X" coins (X6)  Sifcoin  (https://bitcointalk.org/index.php?topic=240894.0) (Blake, BMW, Groestl, JH, Keccak, Skein)
the first child was Quark
The father (X5)  Qubitcoin  (https://bitcointalk.org/index.php?topic=411065.0)(Luffa, Cubehash, Shavite, Simd, Echo)
The second child X11 (Blake, BMW, Groestl, JH, Keccak, Skein, Luffa, Cubehash, Shavite, Simd, Echo)
..........
.