TagX11

Venezuela's Oil-Backed Petro Appears to Be a ‘Blatant’ Copy of Dash

Venezuela petro nicolas maduro

Venezuela’s oil-backed cryptocurrency Petro (PTR) appears to be a “blatant” copy of Dash, as it has the same mining algorithm, similar features, and a part of its whitepaper appears to have been lifted from that of the privacy-centric cryptocurrency. As first pointed out by Ethereum developer Joey Zhou on Twitter, the oil-backed cryptocurrency’s whitepaper has on its 11th page an image that...

Darkcoin Now Supports Instant Transactions

With the release of wallet version 11.1.25, Darkcoin again delivers on its promises. Instant transactions suitable for day-to-day living; the ability to hardfork without permanently breaking the blockchain (if something goes wrong); and being able to make money by supporting the blockchain (without mining). All these add up to an explanation of why Darkcoin is taken as a serious contender for...

ASIC Coming For X-Algorithms: Darkcoin Watch Out

First they came for SHA256, and before you knew it, you couldn't mine any amount of Bitcoin with your PC anymore. Soon, you couldn't even make money with a GPU rig. Then they came for SCRYPT, changing the game for Litecoin, Dogecoin, and similar currencies. In response, in hopes of keeping the network truly decentralized and opportunistic for all, other algorithms were put together. X11, X13...

Librexcoin - Relaunched with Zerocoin Implementation

Librexcoin Logo

Librexcoin is today's Random Coin of the Day for its implementation of Zerocoin, a library used in anonymization of the coin's transactions. Librexcoin claims that some other coins do not truly implement any form of anonymity, but instead making it easier to track the transactions. "Vaporware" is where a company (or coin in this case) publicly discusses releasing hardware or software to generate...

Karma Announces Huge Update

Karma price Karmacoin

Karma (formerly Karmacoin) has been in decline recently, but that may change as developers announced a huge update today on the official Karma forums. This update will fundamentally alter Karma and differentiate it from Dogecoin and Reddcoin, its tipping competitors. [divider]CCN[/divider] Karma Switching to X11 Hashing Algorithm The first major Karma announcement is a switch to the X11 hashing...

The Pros and Cons of the X11 Algorithm

The Pros and Cons of the X11 Algorithm

Firstly, let me start out by saying that we fully support the X11 Algorithm and that we do believe it is the future for many coins out there. Especially considering that Scrypt ASICs have already been spotted in the wild, and that there are new ASICs of an expected 250 MH/s!  The X11 Algorithm has its flaws though (cons), but do they outweigh all of the pros?  Without further ado, let's take a...