SUQA – New Mining Algorithm to Drive Blockchain Adoption

Hi all, cryptoidentity! I usually tell you in my blog about interesting projects and startups on the blockchain, which currently collect funding through ISO and conduct pre-sales and token distribution, to attract attention to their project and form the core of the community. But today is a special occasion. Today I will tell you about a very unusual crypto currency, which has ambitious, far – reaching plans and a rather funny name for a Russian person – crypto currency-SUQA.

Website -  https://suqa.org/
Facebook -  https://facebook.com/SUQAFoundation
Twitter -  https://twitter.com/SUQAfoundation
Telegram -  https://t.me/Suqafoundation
Whitepaper -  https://suqa.org/file/2018/10/suqa-whitepaper.pdf
ANN thread -  https://bitcointalk.org/index.php?topic=5038269.0

The essence of the new crypto currency SUQA

The creators of the blockchain project SUQA set their main goal-the maximum popularization of crypto currencies among the world's population and its availability for use in all spheres of society, not only in speculative trading. There are many projects and startups with similar ideas (many of them I did reviews), which are trying to achieve this through the creation of platforms where you can buy everyday goods for crypto currency or issue plastic cards that can be paid in any conventional outlet. But all this is, in my subjective opinion, only point examples that can change the overall situation only if they are implemented all together. Crypto currency SUQA unlike others tries to solve the problem globally.The solution from the SUQA project is to create the most accessible crypto currency. The availability will be as follows-the highest possible transaction speed, reduced requirements for mining and encouragement for investing in crypto currency. Let's look at everything in detail.

Speed and number of transactions

Quite a sick topic for many crypto currencies, which at one time became one of the main reasons for the creation of the first alternative to bitcoin – litecoin. The creators of LTC wanted to make a currency with the lowest possible transactions and high speed of their processing.The creators of the crypto currency SUQA want to go beyond all in this matter. At the moment, the developers announced the number of 533 transactions per second, which is 10 times more than litecoin (56 transactions per second) and 80 times more cue ball (7 transactions per second). Of course, this is not even close to VISA WITH 45 thousand payments per second, but in the crypto currency field, this number is second only to Ripley (1500 per second).

Mining difficulty

The second way to solve the problem of low prevalence of crypto currencies, the creators of SUQA chose to reduce the complexity of mining, namely, all the large amounts of memory required for the production of coins.The whole point lies in the new encryption algorithm created by the developers of SUQA. The x22i algorithm is designed to replace the now common Scrypt and SHA-22, making mining available to almost everyone. The creators of SUQA say that their currency can be extracted both on conventional CPU and GPU, and on specialized equipment – ASIC miners. Of course, the more miners there are in the network, the more decentralized it will be, because each miner necessarily keeps the blockchain node, unlike traders (who keep everything on the exchange) and investors (who use cold stores). Speaking of which.

The multiplication of capital in the crypto currency SUQA

Another point designed to make SUQA the most popular crypto currency is the ability to receive 5% from each Deposit opened to THE system. To open deposits, holders will be able to use the STANDARD suqa crypto currency wallet. As stated by the creators, the funds for capitalization will be allocated from a special Fund SUQA, which is sponsored by patrons.All these ideas look very popular, and I hope that the SUQA project will be able to cope with high competition in the market and achieve its goals to promote crypto currencies. 

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