ALQO is a new cryptocurrency in its infancy and comes with some bold and high-end features that make it a cryptocurrency that must be watched keenly. ALQO is a third-generation digital currency launched in November 2017. It imbibes the best features from the other top cryptocurrencies and aims to build a top-notch digital asset. Though young, it is already listed in exchanges like CoinsMarket, CryptoBridge, Stocks.exchange etc. and more exchanges will be added soon.
ALQO is a third-generation digital currency that uses the ASIC resistant Quark Proof of Work algorithm. The primary aim of the cryptocurrency is to deliberate and address the four major issues that have been lingering the digital trading industry.
The four major issues and the ALQO proposed solutions include
1. Centralization: This happens when the decision-making power is in the hands of a few individuals. It improves upon the Bitcoin in many ways. ALQO implements the modern and superior Quark algorithm. It is a light-weight low-resource consuming algorithm where anyone can mine without any restriction on any device. Quark blends on many algorithms like Blake, Blue midnight wish, Groestl, Jh, Skein and SHA-3 which enables a larger number of hashes to be mined in a more efficient and faster way.
2. Sustenance & Governance: Sustenance is a principle where one can maintain themselves on their own without the support of third-party bodies. ALQO introduces
3. Scalable & network: ALQO has a block size of 4MB and block time of 60 seconds which is superior than bitcoins. ALQO plans to use the PoW mining algorithm for one year and shift to the PoS process of staking. It also will use the Masternodes as a second level to ensure faster transactions, more secure and private ensuring anonymity.
ALQO is being developed by a team of German developers. The cryptocurrency is promising. It has an active community, has ambitious targets, is still raw utilizing many new technologies. It is affordable and comes with many attractive features.
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