To protect and enhance the decentralization of the SINOVATE blockchain, a leading-edge custom proof-of-work hashing algorithm was innovatively developed and implemented. The X25X algorithm is a brand new algorithm best suited for GPU mining. It is also ASIC, FPGA, and Quantum resistant with the addition of SWIFFTX to the algorithm chain. Ultimately, the X25X hashing algorithm prevents large mining operations or farms from dominating the SINOVATE blockchain. It is praised for being a very secure, fair, decentralized, and highly accessible means by which to mine SIN coins.
X25X pursuits the goal of ASIC and FPGA resistance by implementing multiple additional features over the standard proof of work algorithm chains like X11. One of these features is increasing the memory requirements by a factor of 24 (previous SIN algorithm, x22i was by a factor of 4 over x11), which is not a problem for CPU and GPU but much harder to deal with for FPGA and ASIC; the reason for this is they need to either use commodity RAM (giving them no advantage over CPU and GPU) or implement more internal ram, increasing the chip space needed.
Additionally, X25X has a new shuffle stage, working on the 1536 bytes buffer (for every nonce), with random access. The purpose of this is preventing many optimizations that defeat the purpose of the bigger buffer and also to avoid private miners coming out with secret tricks involving, for example, combining multiple algorithms into one (because final result needs the output of every stage). This stage also indirectly promotes the writing of clean code for the algorithm so that the open-source code is more valuable both in terms of quality and hash rate, which is essential in the long term.
The X25X is an excellent example of how SINOVATE is evolving blockchain technology.
SINOVATE Proof-Of-Work Mining
The efficiency and reduced heat profile of the X25X algorithm aids miners and proves that mining operations do not have to maximize power consumption and heat output to compete and to be ASIC/FPGA/Quantum resistant. For larger miners, this can mean more effortless scalability with less cooling and ventilation requirements.
Blockchain specifications and Block rewards;
Block Time: 2 minutes Max Block Size: 16mb Max transactions per second: 533 Tx/s Difficulty Retarget Algorithm: LWMA Total Supply: Approx.2.5 billion after 20 years