Execoin: On Guard Of Asic-free Zone

By Author: Jerom Fandor
Total Articles: 1
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Execoin is one of the very few scrypt ASIC resistant coins, it's fast, reliable, solid-coded and has a dedicated development team. Execoin created a concept of 'ASIC-free zone' - a safe domain for GPU miners and investors ahead of new scrypt ASIC invasion. What does it mean? Currently the entire hashpower of GPU-based mining rigs concentrated on scrypt-based coins mining since Bitcoin and other SHA-based coins are totally occupied by ASIC. But crypto coin market is going to change soon, and this is why: newer generations of ASIC designed for scrypt algorithm are coming and will make GPU mining of scrypt coins absolutely

pointless! Execoin is one of the first coins offering an alternative to the ASIC-controlled zone. Its original Progressive-N algorithm increases memory usage in a progressive manner to be always ahead of more powerful ASIC that may and will be released in the future. In addition, Execoin is multipool resistant and has the shortest block confirmation time among very few other ASIC-resistant coins. Let's look inside the Execoin features and discuss the issues that crypto market will be faced to!

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... crypt ASIC invasion

It's obvious that newer ASICs for scrypt coins will significantly change the cryptocoin market and this process has already been started. For just recent couple of weeks there were several announcement of scrypt ASIC models from the different vendors and their number will grow with time like tsunami. Exactly like Bitcoin ASICs new models will be developed progressively, as soon as just few manufacturers claim their models other vendors will match rapidly!

From the Execoin Developers team:

"It was predictable that scrypt ASIC will be developed and manufactured faster and spreaded progressively, it comes from Bitcoin ASIC experience and we realized this fact when implemented Execoin. That's why we made our N-factor schedule more aggressive in accordance to our vision of ASIC threat and implemented progressive increase of N-factor to withstand more sophisticated scrypt ASIC in the future."

Execoin represents a new generation of crypto currencies that is positioned for the coming scrypt ASIC invasion. What will happen when many GPU-based rigs will be pushed out of their comfort zone? Scrypt ASIC will make mining with GPU financially unfeasible and massive hashpower of GPU rigs will look for some alternatives, still profitable for mining. Execoin has been designed to provide such comfortable ASIC-free zone and adopt this huge hashpower. It is obvious that this migration will lead to significant rise of hashrate in Execoin network and rapid rise of price in the exchanges, however both these factors should be self-balanced and mining with GPU will remain profitable in a long run.

Multipooling

Multipooling is a factor that impact any scrypt-based coin network, multipools significantly raise the difficulty and then leave the network with lower actual hashrate switching to another coin. Kimoto Gravity Well is a known "remedy" for multipooling used in many scrypt coins. But is it really effective? Execoin developers understand the importance of Kimoto Gravity Well for a crypto coin. That's why KGW has been successfully implemented in Execoin in addition to another very effective option that resists multipools in a radical manner. In fact, KGW alone does not provide absolute resistance from multipools and ordinary scrypt coin with KGW still can be mined with multipools. Since the minimum number of blocks which contribute to the evaluation of the new difficulty with KGW is 144, so regular scrypt coin with KGW is still suitable for very short cycles of mining on a multipool.

Multipools require that the same miner with the same parameters can be used to mine any scrypt-based cryptocurrency. Execoin requires custom miners (and custom settings!) not compatible with multipools and so it is multipool-proof by design! Together these two factors resist multipools in a very effective way leaving no chance for multipooling to affect Execoin network.

Investment opportunities

Investment into scrypt ASIC-resistant cryptocurrency is a wise investment option now ahead of new ASIC arrival. It will provide a very decent profit quickly after the massive release of specialized ASIC miners for scrypt algorithm. For example, investment into Execoin, which true value is significantly underestimated now, has a potential to generate a decent profit in just a few months! So investors have a rare chance to benefit from the radical changes that are going to happen on cryptocoin market. Basically, ASIC-proof coins, including Execoin, will repeat 2013's bull run of Litecoin when Bitcoin ASICs were released. ASICs quickly made GPU mining of Bitcoin financially unfeasible and computation power of GPU rigs all over the world has been gradually switched to Litecoin and its clones resistant to those first ASICs. Crypto markets reacted accordingly boosting Litecoin and its clones. The same scenario will happen soon with Execoin. Talking about investment attractiveness, Execoin is currently a coin of choice for investors. Being significantly undervalued this coin has a higher potential margin than any other coin on the market!

Summary

Execoin is a virtual currency offering some unique features ahead of scrypt ASIC threat for cryptocoin market. Its defensive strategy of ASIC resistance, and the high probability that the market will play into Execoin's hand in the coming months make it a perfect choice both for miners and investors. Fast block time, embedded 2-level multipool resistance, progressive ASIC resistance and growing infrastructure are strong features of Execoin. According to the recent publications about scrypt ASIC releases Execoin's prospects are looking positive and investors should pay attention to this coin as a profitable "buy & hold" investment.

Execoin is a scrypt ASIC resistant virtual cryptocurrency featuring fast block time and strong multi-pool resistance.

For More Information Please Visit http://www.execoin.net/.