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Topics - Lektai

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So around this time last year, verge formed a partnership with pornhub, the largest adult site in the world and since then there  have been no other news concerning that, so it got me thinking, we need more privacy focused tokens in the adult industry, as this will enable users of the website remain anonymous amongst a host of other things,
In my take veil is best positioned to be the forerunner in this aspect thanks to its ringct technology and zerocoin protocol
What do you think about the use of privacy tokens in the adult industry?, Let me know your thoughts below

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Mining / X16RT mining algorithm - How veil came about it
« on: April 25, 2019, 12:05:53 AM »

In my previous post i mentioned mining as one of the methods/ ways  in which a user can earn passive income through veil
The other methods which i mentioned include
Trading and staking

mining is the process of running complicated calculations in the search for a specific number. Mining hardware, whether it’s an ASIC miner or a GPU  mining rig, has to run through many calculations before finding that number. In proof of work systems like Bitcoin, the first one to find that number gets a reward,

But today I'll be diving dip into what makes the XR16T hashing algorithm developed by  veil different from the rest, in order to mine cryptocurrencies using proof of work as its consensus mechanism, you need to meet the minimum requirements which includes either a (Graphic processing unit ) also known GPU miner , here the user employs the graphics card of his/her pc to do the job
ASICs known as application specific integrated circuit and popularly known and used among miners, it has been in use since the dawn of Bitcoin and its still being used by other popular cryptocurrencies adopting the proof of work consensus mechanism till date, however due to the centralization around it , see ASICs miners are designed from the scratch to perform calculations required by a specific cryptographic hash algorithm, hence they are very efficient, but they are expensive to procure and maintain in terms of cost of electricity required to run them and all but most especially the development of Newer versions of ASICs have made mining more centralized which ought not to be so
X16r hashing algorithm, developed by raven coin to provide an alternative to ASICs mining thereby breaking the centralization surrounding asics miners,The hashing algorithm used in X16R is the same 15 algorithms used in X15 model + SHA512. Except  x16r rotates through 16 different algorithms in random; hence the name R which stands for Random or Rotating This algorithm works in such a way that it constantly disrupts the algorithms chaining order. The order of the 16 different hashing algorithms will dynamically change based on the hash value of the previous block. Due to the dynamic change of the algorithm order building an ASIC for X16R is difficult,
Xr16t hashing algorithm was developed by veil to address the risks associated with Xr16, it has all the benefits of Xr16 but still confers more barrier against programmable field array

As you can see not only does this hashing algorithm help keep veil blockchain secure from hackers, it also helps improve its network.
You can learn more about it here
https://veil-project.com/specs/

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Trading / Risks associated with trading low sats coin
« on: April 23, 2019, 06:20:23 PM »
I can most certainly say everyone involved in cryptocurrency are in it for the money, and a very select few of people are in it for the technology behind it,  and one of the very reasons why people are in it its because of the massive profits people made during the 2017 bull run, making reference to one particular token XRP, a token of of about 21 bill supply (almost twice the world's population), saw it move from 1 sats to about 20k sats during the December bull run, as a seasoned trader cryptocurrency I'll like to give in a few tips about low sat coin
1. Do not invest heavily in them, except only if its market cap is below 1 million $ and you are convinced about how good the project is
2. Do not try trading them, you will sure get burned
If you must trade them trade larger cap coins
3. Well they say the shittier the coin the sweetier the profit, this is no doubt true as it has been with many cases, the moment a coin gives you a profit, always protect your capital, don't get carried away else you might loose it all

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