I have been researching the various "Monero like" coins out there for mining, since I live in a country with very expensive energy prices and cryptonight mining generally uses less electricity than many other algorithms.
The goals and markets that XLC claims to be targeting are a good idea in principle (DRM and in-app purchases) but if the coin continues to be mined via regular cryptonight, which is now extensively ASIC mined - I don't see how these goals can be realized. When reading the white-paper I thought that the idea of an app which mines a small amount instead of showing an ad is fine, especially as mobile devices (phones mostly) are getting more and more powerful all the time BUT....
if you use the existing technology of XLC as a means of mining on an app user's device they will NEVER be able to compete with the hash power/difficulty level created by cryptonight ASIC miners.
Are there any plans to change to a truly ASIC resistant algorithm like Monero, Sumo, etc have already done using cryptonight V7? I have been mining Loki for a couple of weeks and it uses cryptonight-heavy. I am happy with it's plans in future to use something like DASH's masternodes to provide app services like encrypted messaging and I think it has good potential. Leviarcoin however will go nowhere if it sticks with regular cryptonight. Is it going to change algorithm or disappear?
We will be doing a fork and we will be switching to monero V7 so it will be asic resistant