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Title: Yantum - digital asset investment Post by: Trang2021 on November 01, 2021, 07:12:15 AM 1. Introduction:
Bitcoin was the original cryptocurrency and is currently the largest by market cap. Yantum was forked from Bitcoin back in 2013 and since then the code has been adapted and modified to enable Yantum to reach its goal of being a long-term, investment asset, which is designed to slowly increase in value over time. Because of this background, you can be sure that Yantum has all the security and pedigree of the world’s largest cryptocurrency … with some improvements. Yantum does not belong to a country. It is not under the control of a single bank or organization. Its only master is its holder. Forever. 2. Difficulty Adjustment: Bitcoin’s difficulty adjustment algorithm is executed only once every 2016 block or about every two weeks. While this is not ideal it works sufficiently well for Bitcoin where the hashing power experiences only minor fluctuations relative to the total hashing power. With Yantum a sudden increase in hashing power could cause a high block rate leading to a much higher coin inflation than intended if the difficulty adjustment algorithm was not altered. Using the original Bitcoin difficulty adjustment algorithm, a sudden drop in hashing power – on the other hand – would prolong the time required to mine a new block by factors. Consequently, it is crucial to select an algorithm that adjusts the mining difficulty with respect to the changing hashing power. Yantum uses the T3 difficulty adjustment algorithm in C++ on top of Yantum Core to offer the solution to this problem. 3. Summary Bitcoin, on the one hand, is neither ideal for payments nor as a store of value. Yantum, on the other hand, positions itself as a pure long-term investment asset, leveraging the blockchain’s potential where it is of importance. Very high mining reward in Bitcoin leads to high sell pressure, setting an artificial ceiling for Bitcoin’s price development. Yantum has a low mining reward and thus low sell pressure, which leads to positive price developments. Bitcoin and its protocol have become politically entangled, meaning that constructive change takes place too slowly or never at all. Yantum is not connected to a protocol, but to an idea: To ensure long-term value appreciation. If a new technology other than blockchain becomes dominant, Yantum can change its protocol and is thus resilient to change. Yantum is not a cryptocurrency to execute payments – it is a cryptographic asset dedicated to storing wealth securely. It is built to keep. This leads to low liquidity on exchanges. Thanks to its low mining reward, Yantum guarantees an incredibly low energy consumption. Adjusted to equal its market capitalization, the energy consumption is a fraction of one percent of that of Bitcoin. Website: https://yantum.com/ Community - Telegram: https://t.me/yantumcoin - Twitter: https://twitter.com/YantumCoin Chain Explorer: https://chainz.cryptoid.info/yan/ Github * Source: https://github.com/yantum/yantum |