ASIC’s has an advantage over CPU and GPU in cryptocurrency mining because of its mining speed the problem is when a coin is ASIC minable you cannot mine coins profitably unless you have ASIC. It also makes the coins lose it decentralize property because only a few individuals will have ASIC most of the hashing power will come from ASIC mining farm. ASIC mining farms can affect the decisions of coins developer this happen on SegWit 2x fork as many exchanges will support the most hashing power as the BTC core while SegWit BTC the lesser hashing power. Quantum computers have a threat in some cryptocurrencies in near future hackings might happen.
Knowing the issue of some cryptocurrency I found a Coin that does not have this issue introducing Suqa a new cryptocurrency design for peer to peer transaction. Unlike other cryptocurrencies, Suqa already solves the issues like being ASIC resistance and quantum computer proof. Suqa introduces a new mining algorithm called X22i which required new miner and can be mined using CPU and GPU.
The advantage of Suqa compares to other cryptocurrencies.
- Despite being a proof of work algorithm (POW) Suqa can do five hundred and thirty-three transactions per seconds that more than triple with bitcoin and Ethereum transaction per second (TPS) combine. Suqa is considered the fastest POW
- Low transaction fee, Suqa transaction fee is so low that you can only notice it when you use a calculator.
- Resistant from ASIC to become a real decentralize cryptocurrency because of memory requirements ASIC’s cannot mine the coin, FPGA and Quantum resistance to prevent an attack or hack.
- Continuous forking every 6 months, this will discourage ASIC’s manufacturer to build ASIC’s, especially for an X22i algorithm. This will also solve issues with Suqa blockchain in case they found one and will give a faster development of Suqa
for more information about Suqa visit:
website
whitepaper
Author:
gawer33
SUQA Wallet Address: SZ7S626wiY6MEnkZ7dNnNX63qoviY7p7wA