SUQA - a network capable of restoring trust to the Blockchain

in blockchain •  6 years ago 

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The Blockchain theme is one of the most discussed today. It is mentioned in various articles, by video bloggers on the YouTube channel and even by some governments. Despite such a high popularity of this technology, its mass use will not begin soon enough. This is due to the low level of trust in the distributed registry, which is due to the huge number of fraudulent ICOS.

In addition, the low level of trust in the Blockchain is associated with:

  • lack of acceptance by governments of most countries of this technology and virtual currencies;
  • lack of coins used in real ecosystems;
  • lack of trust in this type of encryption;
  • high probability of centralization by such giants as FPGA and ASIC;
  • the need for continuous improvement of algorithms to ensure decentralization.

To solve all the above problems and increase the level of confidence in this technology, a new distributed SUQA registry with the same token will be created.
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Project objective

The main goal of the SUQA Blockchain developers is to restore confidence in the distributed Ledger technology, ensure the independence of the cryptocurrency world from ASIC and FPGA, as well as provide miners and investors with the opportunity to receive maximum income from the use of SUQA tokens.

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Principle of operation

The new distributed registry SUQA uses for its work a new algorithm X22i POW, which allows almost every owner of the average computer to use their "hardware" for mining. The main purpose of this algorithm development was to ensure the independence of Blockchain technology from such large companies as ASIC and FPGA, which are engaged in the production of powerful mining equipment.

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In addition, SUQA provides a number of incentives for network development. One of them is the provision of interest for the storage of coins. Even if the wallet is offline, its owner is charged 5 percent per annum of the amount stored in it.

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It is worth noting that SUQA does not conduct ICO, does not include pre-mining, and does not conduct pre-sale of coins. In this regard, this network is of particular interest to investors and miners of virtual currency.

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However, according to the developers, all this is not enough to make the SUQA Blockchain network popular. In this regard, it was decided to introduce a zero Commission for the execution of transactions within the network. Due to this SUQA Blockchain will allow to ensure decentralization and to restore confidence in the technology of the distributed registry.

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Among the main features of the distributed SUQA registry are:

  • high speed-533 transactions per second;
  • the provision of rewards for storing tokens;
  • no transaction fees;
  • high level of protection;
  • transparency provided by open source.

Special attention should be paid to mining. Due to the fact that The new algorithm x22i allows you to use CPU and GPU processors for mining, the amount of energy consumed and the amount of heat produced is reduced, which allows you to save the environment.

Among other characteristics of this network it is necessary to allocate:

  • block creation time-2 minutes;
  • the maximum block size is 16 megabytes;
  • the maximum speed of the transaction – 533 operations per second;
  • the maximum number of coins - 1,186 billion SUQA;
  • the production time of all blocks of the network is 5.78 years.

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Conclusion

Given the risk of monopolization of the virtual currency Bitcoin by the world giants in the production of miners and the high probability of centralization of this cryptocurrency, Blockchain SUQA can become very popular. SUQA project may be interested not only in miners who can get an impressive income without spending money on the purchase of expensive equipment, but also investors who receive the opportunity of short-term, medium-term and long-term investments.

At the moment, the program for mining and wallet can be downloaded on the official website of the project suqa.org, and you can buy coins on the exchanges stex.com, myqbtc.com, tradeogre.com and others.
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Official SUQA project resources:

WEBSITE: https://suqa.org
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
FACEBOOK: https://www.facebook.com/SUQAFoundation
TWITTER: https://twitter.com/SUQAfoundation
DISCORD: https://discord.gg/qrtU7Y9
GITHUB: https://github.com/SUQAORG

AUTHORSHIP:
MY BITCOINTALK USERNAME: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
UNIQUENESS 100%: https://www.check-plagiarism.com/plag-report/27033ad62b43a59a8d131dd9038f8d2b09df1542120327

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Interesting project! I think it will be interesting primarily for miners

Quite possible

Ладно. Но всё-таки СУКА называется.

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Impressive transaction speed and minimum Commission. This is a great alternative to bitcoin

I hope trust is built

I agree with you, I was also impressed by the speed of transactions and the minimum Commission

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Interesting project SUQA! Heard that they have decent support from many investors and are gaining an increasing audience of interested users. Good luck to them!

It is! I think it will have a very good effect on fundraising!