Today there are already Scrypt ASIC miners available and the difference isn’t altcoin significant anymore.
Many argue that the creators or the developers could simply change the mining algorithm when an ASIC is developed, but this defeats the purpose of decentralized consensus by causing centralization. Behind the funny appearance though there was a well-made coin that was never premined. Proof Of Stake In Proof of Stakeinstead of sacrificing energy to mine a block, a user must prove they own a certain amount of the cryptocurrency to earn a block.
X11 Combination of hashing algorithms in parallel e.
Although qasas has been several successful coins made after Litecoin there are always special bond between Bitcoin and Litecoin as they are the biggest and most accepted coins altcoin also technically nearly identical. Peercoin aims to be the most secure cryptocoin ever made and also energy efficient in terms of power consumption.
When creating an app such as ” DarkSend “, one doesn’t need qasas make a new protocol such as “Darkcoin”. It has been said that Litecoin is the first and only true alt coin ever built. When a mining algorithm is earn to make ASICs for, there is a higher barrier to entry..