Mine pool based on X11 algorithm

1. According to the current currency distribution,
the first is bitcoin,
the second is Leyte, and
the third is dogcoin

from the perspective of algorithm advanced,
the oldest is bitcoin graphics card algorithm.
then there are the CPU algorithms of Leyte coin and doggy coin
the latest popular algorithm is the X11 algorithm of the black coin, which is developing rapidly

from the perspective of currency adopted by big trading platforms
bitcoin China, okcoin, fire coin, coin deposit, bitcoin trading network, China bitcoin. Without exception, bitcoin and lettercoin are used

from the analysis of this situation, although bitcoin is old, it has a lot of platform and application support, and has advantages in the short term
the algorithms of Leyte coin and doggy coin are also relatively backward, and it is estimated that they will not last for a year
the development of new algorithmic currencies, such as black money, is a matter of time, but the application expansion is too little, and it will take a long time to really develop
but we are definitely not talking about dark currency. In fact, all currencies except bitcoin are improved on the basis of bitcoin source code, not reformed, so it is inevitable that they will be eliminated
we are looking forward to a new currency and a revolutionary currency!

2.

Background: the financial application of blockchain technology brings high investment value

2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles

1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:

in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost

2. Why can blockchain solve the above pain points:

blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs

3. The application of blockchain technology in the financial field mainly includes the following aspects:

① digital currency

among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits

Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost

③ digital bills

④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost

The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology

4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points

in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it

Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall)

In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreement

bitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain

based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network

2. Master node network

the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan

Figure 6: mining reward model

3. In line with the rigorous logic of problem-solving, we should first ask whether it is, then why
first of all, the topic is not right. Now there are all kinds of currencies on the exchange, whether it's big platforms like Qube, or small ones like coin an, or competitive ones like Shanzhai coins. They are not all POS models
for example, LTC is a variant of crypt algorithm pow, dogcoin is a variant of pow, and auxpow is a fusion mining algorithm
Dashi coin is the pow of X11 algorithm, Ethereum is the pow of ethash algorithm, and Diandian coin is the pow + POS simultaneous mining. Now the new Shanzhai coin is mostly the early POW + late POS mode, the reason is 1, the early POW is to avoid uneven distribution. 2. In the later stage, POS can't win in the pow competition, but the computing power is low, and POW is easy to be attacked by 51
that is, only from the perspective of security: high computing power pow (including auxpow like dog coin) & gt; POS> Low computing power pow

4. Digital currency does not worry about counterfeit money. If it is paper money, it worries about counterfeit money. I don't worry. I didn't take any money with me.

5. About jiaozi coin

Chinese Name: jiaozi coin
English Name: oiocoin
abbreviation: oioc
Author: jiaozi coin team

technical characteristics:
total amount: 10 billion + oioc, (jiaozi coin has no pre excavation, Mining method: POW + node mining (each node can get 15% of the total number of coins g through this node, and the node requirements: 2 million oioc, server with fixed IP)
mining features: anti mining machine, wallet operation, one click mining
output: pre mining 4 billion (for 1:1 exchange of old jiaozi coins), Issue 3 billion in the first year, 2 billion in the second year, 1 billion in the third year and 100 million in the fourth year (to ensure the correct operation of the whole network)
block speed: 60 seconds
transaction confirmation: 6 blocks
maturity: 51 blocks
difficulty change cycle: 24 hours

6.

Sen (Guangzhou) blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered on August 28, 2018, with its registered address at B116, area B, 1st floor, cross strait information instry science and Technology Park, No. 8 Helong Road, Helong street, Baiyun District, Guangzhou (self declaration)

the unified social credit code / registration number of sen (Guangzhou) blockchain Technology Co., Ltd. is 91440101ma5cbepux6, which is a legal person company. At present, the company is in business

The business scope of sen (Guangzhou) blockchain Technology Co., Ltd. is software development; Information system integration service; Information technology consulting service; Data processing and storage services; Integrated circuit design; Development of natural science research and experiment; Engineering and technical research and experimental development; Research and development of electronic, communication and automatic control technology; Communication technology research and development, technical services; Internet blockchain technology research and development services; Research and development of Internet of things technology; Technical development and service of artificial intelligence algorithm software; Cold chain technology R & D services; Electronic proct testing; Software testing service; Wireless communication network system performance testing service; New material technology development services; New material technology consulting and exchange services; Network information technology promotion service; Software technology promotion service; supply chain management; Commodity information consulting services

check more information of sen (Guangzhou) blockchain Technology Co., Ltd. through aiqicha

7. [three characteristics of MLM]:
one is that you need to subscribe for goods or pay a fee before you can get the qualification, that is, to "defraud the entry fee" of MLM
Second, we need to develop others to get off the line for ourselves, that is, "team pay" MLM
the third is "pull the head" pyramid selling, that is to calculate the remuneration based on the number of direct or indirect development personnel or sales performance.

8. Jiaozi coin adopts X11 algorithm. It is a virtual coin with CPU mining, so it can be mined by computer. However, with the increase of the value of the coin, it becomes more and more difficult to dig. Now ordinary computers can dig up about 10000 yuan a day.

9.

I. project introction:

imagecoin (IMG) is an upgraded version of dash dash coin, which is a Chinese image coin. The project has realized the generation of digital code from any picture, and img is the main chain for storing and anonymously sending pictures and video files; The project has related landing applications. As the head project of private file / image transmission, it can solve the problems of transmission privacy and security based on the strong background of dascoin, one of the three privacy coins

2. Project information (as of April 17, 2019)

English Name: IMG

algorithm: X11 algorithm

scale: circulation of 7.45 million pieces, total amount of 21 million pieces

market value: 620000 US dollars

financing: no ICO, no pre dig

to citex.io transaction

Third, advantages:

1

The wallet can not only transmit images, but also video; By converting the image into digital code, Base64 on the chain, peer-to-peer anonymous sending, a good protection of the image security and privacy

3. Photography, architectural design, enterprise scheme, design drawings or private pictures are all good application scenarios. In real life, these images need to be transmitted

4. The code update ranks in the top 300, the community is active, and the super node needs to mortgage 10000 img, which will lock part of the circulation

5. The market value of the project is low and the growth space is large. With the continuous improvement and excavation of the project, it is expected to occupy a position in the field of encrypted image transmission

deficiency:

1

The design of the official website is relatively simple, and there is no mobile wallet, so the team needs to be expanded