Cryptocurrency Q&A
What is X11 crypto?
What is X11 crypto?
Bianca
Fri Jul 12 2024
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5 answers
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Could you elaborate on the concept of X11 crypto? As a crypto enthusiast, I'm curious to understand its underlying technology and potential applications. Specifically, what makes X11 unique from other cryptocurrencies? What kind of hashing algorithm does it employ? And how does its network ensure the security and integrity of transactions? Additionally, I'm also interested in knowing about its potential impact on the cryptocurrency market and any possible use cases it may have. Could you provide some insights into these aspects of X11 crypto?
5 answers
CryptoEnthusiast
Sun Jul 14 2024
The X11 hashing algorithm was conceptualized and implemented by Evan Duffield in 2014.
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BitcoinBaroness
Sun Jul 14 2024
Its development was a significant contribution to the Dash cryptocurrency, where it serves as a fundamental component for secure and efficient mining operations.
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SolitudeEcho
Sun Jul 14 2024
Since its inception, X11 has gained widespread adoption by numerous other cryptocurrencies, testament to its effectiveness and reliability.
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Giulia
Sat Jul 13 2024
The algorithm's name derives from its utilization of eleven distinct cryptographic hashing functions, including SHA-3, BLAKE, and Keccak.
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mia_rose_lawyer
Sat Jul 13 2024
The chained sequence of these algorithms provides X11 with a high level of complexity and security, making it a formidable opponent for malicious actors attempting to undermine the integrity of a blockchain.
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