X11 is an algorithm developed by Evan Duffield in order to prevent centralization in cryptocurrency mining that occurs due to specialized hardware such as ASICs. The '11' in X11 represents the 11 scientific hashing algorithms that are sequenced together for X11 to serve as the basis for a proof-of-work system.
Documentaries, videos and podcasts
- Cryptocurrency miningCryptocurrency mining is the process by which transactions are validated and new coins are minted in a decentralized cryptocurrency network.
- Cryptographic hash functionMathematical hash function that is cryptographically secure and has the properties of collision resistance, hiding, and puzzle friendliness
- Proof-of-work systemA proof-of-work (POW) system (or protocol, or function) is an economic measure to deter DOS attacks and other abuses (e.g. spam) on a network by requiring some work from the service requester, usually meaning processing time.
- Dash (cryptocurrency)Dash is an open source peer-to-peer blockchain based cryptocurrency focused on speed of transaction and privacy.
- X13Hashing algorithm based on the original X11 which consists of 13 different hashing functions for increased resistance to cryptocurrency mining with ASIC-miners