falcon_satoshiMember
Posts: 7 · Reputation: 129
#1Aug 20, 2017, 06:04 PM
So, I whipped up my own cryptocurrency right here in Brazil. It's got its own Proof-of-Work, blockchain, and consensus that can handle SHOR and GROVER attacks. People think I'm just pushing malware or a crapcoin, but I'm serious. I've kept the code mostly under wraps, but I did make the consensus source code available. My custom hash algorithm is called XHS1024, which stands for eXtreme Hash Security at 1024 bits. My setup runs it to keep the blockchain rolling in this semi-decentralized setup.
No one’s data is at risk here; users have their wallet.db stored locally, while the wallet.exe connects to my node's IP. The mempool has a 16GB RAM access limit, but I’m planning to bump that up. Plus, I’ve thrown in a fee system where users pick their fee based on how fast they want their transaction processed; the lowest is 0.00%. If they choose to pay a fee, that gets added to the miner's block reward. There’s a cap of 213 million coins overall. For the first two years, miners get 64 coins; then it drops to 32 coins for the next two years, down to 16 coins for years four and five, 8 coins for years six and seven, and finally it settles at 2 coins from year eight until the coins run out. Once that happens, miners will be relying on transaction fees.
My XHS1024 algorithm uses 8 words of 128 bits and goes through 256 rounds of processing, so it demands some smart processing power, making it tough to create ASICs for it. It works great on Intel ARC boards because of the XMX processors, which handle vector calculations really well. I plan to optimize it for AMD and Nvidia cards, although I won’t put too much effort into Nvidia since it’s not super efficient.