Virtual Currency development topics (what are the advantages and disadvantages of the Shanzhai algorithm)

Blockchain Enthusiast (qq:53016353)

First of all, let me say first, we will fully support the cottage currency algorithm, and we believe that many coins will be used in the future of this algorithm. In particular, considering the scrypt ASIC mining machine has been continuously emerging, and may have a 250M miner appeared. The algorithm of the cottage currency is defective, but the defect will outweigh the advantages. Let's look at the pros and cons of the cottage-currency algorithm.

Advantages


The biggest advantage of cottage currency is.


Security, the algorithm converts the Keccak algorithm from the Blake algorithm to use 11 times hashing, which is very secure and does need for CPU currency.


Power consumption: The Shanzhai algorithm provides amazing hash efficiency for both GPU and CPU while keeping your GPU temperature lower than other algorithms by more than 30%, making your expensive video card less prone to overheating. why. The card that digs the algorithm does not require much processing power.


Power cost: Due to the high efficiency of the algorithm, the graphics card does not need much power to mine. So at the end of the month you will see a significant reduction in power costs. This is the cutest place to use the currency of this algorithm.


Miner's possibilities: As a coin SHA256 ASIC implementation is more complex, using cottage currency will prevent the ASIC miner from appearing in the short to medium term, allowing CPU/GPU users to dig longer.


Purpose: Why I think the cottage-currency algorithm is great. The realization of the Nakamoto on the idea of Bitcoin, through the reasonable price of hardware, easy to mine, which is Satoshi let the calculation of the idea of central. (Yes, I think it's a good thing, it strengthens people's confidence and helps to spread the propaganda), although we notice that in fact, we have already predicted the emergence of ASIC.


Disadvantages
Lifespan: The cottage-currency algorithm is not long-term, and the ASIC mining machine that supports this algorithm has a maximum of only 1, 2 years (translator: I think up to six months). Although it is complex, all algorithms have weaknesses, and the cottage currency is no exception.


Botnet attack: Although there is no magnitude of botnet attack yet, this is a hidden danger. CPU mining and GPU are vulnerable to botnet attacks.


Community: If there is no good community behind the currency that uses the cottage currency algorithm, a few garbage coins will hit the algorithm in a deadly way. Some virtual currencies that use the cottage currency algorithm will appear, and need to be patient to see how people support the algorithm, or a particular currency.


Conclusion
The Shanzhai algorithm is very effective and unique, but the success of a virtual currency of a cottage currency algorithm depends on the other functions of the currency. If there are other ways to keep the algorithm long and effective, and to be strongly supported, we can believe that this is the best algorithm for some virtual money. From now on the cottage is our most appreciated algorithm, of course, there will certainly be a better version to appear.