I saw many altcoins say they are ASIC resistant because of X11 and SHA3. First time, I saw this statement, I decided to keep quite a while, because I think no one will believe that, turn out I saw much topics that claim X11 and SHA3 are algorithm for ASIC resistant. I think before this believes go wire spread more than the current situation, I need to do something. To let people know, what they are believe is TOTALLY wrong......WHY ?
X11 and SHA3 ( Keccak ) are not ASIC resistant at ALL, according to NIST (National Institute of Standards and Technology), if an algorithm wants to become SHA3 candidate during that time; one thing that algorithm must have is it need to be able to create by ASIC. AND every algorithm in X11 used to be SHA3 candidate until Keccak wins the competition and become SHA3.
Reference paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf
I hope, this is the topic will help someone who got misunderstanding that X11 and SHA3 are ASIC resistant change they believe before it will repeat step Bitcoin.
Here is the reponse from Darkcoin dev
The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.
X11 and SHA3 ( Keccak ) are not ASIC resistant at ALL, according to NIST (National Institute of Standards and Technology), if an algorithm wants to become SHA3 candidate during that time; one thing that algorithm must have is it need to be able to create by ASIC. AND every algorithm in X11 used to be SHA3 candidate until Keccak wins the competition and become SHA3.
Reference paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf
I hope, this is the topic will help someone who got misunderstanding that X11 and SHA3 are ASIC resistant change they believe before it will repeat step Bitcoin.
Here is the reponse from Darkcoin dev
X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.
Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf
Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf
The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.
Dear, they are called ASIC resistant not proof. It would be a total pita to make an ASIC for X-11, though it can and will be done when the market pressures are high enough. What Evan was attempting to do was to give Darkcoin a few years, if possible, of ASIC free mining. Only time will tell if he gets that many years.
Oops, I just realized you quoted Evan. I guess I'm not quite understanding your point. But ok, all's well
