SUQA: Enhancing The Sustainibility Of The Blockchain Technology

in cryptocurrency •  6 years ago 

Hello everyone, on this occasion, I will explain about the platfom which is very good, which is about SUQA, for the explanation, I will write it below, why I am very interested in this program, because this project is a good project, and I sure, this will be a success. let's immediately join this program. https://suqa.org/

WHAT IS SUQA?

With so much pumping and dumping going on, most new startups are trying new measures to stabilize the market and to motivate people to hold their coins. It’s easier to hold a coin when you know that its value might increase in the future. It is even easier to do so when the network rewards you for holding it.

Several startups (LUX/AKA)have implemented masternodes and/or PoS mining to give investors more reasons to hodl. SUQA went one step further by simply rewarding people who hold the coins in their wallets. We are talking about 5% APR and 25% for the first 3 months to encourage early adopters and investors.

In fact, to make things even easier, investors are not even required to have their wallets online in order to receive the monthly rewards. This makes it a lot cheaper for most of us who do not have our own server machines with static ip’s.

The final goal of SUQA is way more ambitious than to be just another cryptocurrency – SUQA aims to become an ecosystem for Cryptolancers, Blockchain Startups, and Charities. This means that the coin will have a real usage and this, ideally, means that its value will be growing over time (Read the detail whitepaper and the roadmap here).

SUQA COIN

Unlike most other modern cryptos, SUQA is resistant to ASICs, FPGAs and Quantum Computers (which are a threat to cryptography most don’t take seriously enough). Only CPUs and GPUs are allowed into the network. That being said, SUQA is very eco-friendly and mining it with GPU does not require a lot of power.


In order to achieve immunity to ASICs, SUQA is based on the X22i algorithm that has the following structure and features:

  • It is a brand new algo that is not a clone or copy of any existing ones.
  • It features a very complex chain of 22 algorithms that either require a GPU or a huge ASIC with a lot of chip space. Manufacturing such an ASIC is possible but pretty costly.
  • The X22i algo requires four times more memory than any other existing one. Again, manufacturing an ASIC with such memory architecture is possible but very expensive.
  • A hard fork twice a year keeps the ASICs away. We have seen this strategy work for several coins, one of which is Monero – a couple weeks ago it has successfully forked for the second time. Even if a company decides to manufacture a batch of extremely expensive ASICs for the X22i algo, a fork will render those useless in very little time.
  • Last but not least, it enjoys an algorithm chain called SWIFFTX that provides quantum resistance

Here is what the SUQA coin offers to the end user (besides mining, we will be hopefully selling and spending those coins): 

  • Almost No Transaction Fees
  • Full replay protection and unique wallet addresses
  • Time locked interest (as mentioned above)
  • 75 times more scalability than Bitcoin.

SUQA is a free open-source project that is community-driven. The main builders are experienced blockchain developers who get a growing support of the international crypto community. I have done some background checks on the identities of the developers and they seem to be real people who are involved in the project. 

 

SUQA SPECS

  • POW Algorithm:        X22i
  • Block Time:               120s
  • Max Block Size:         16mb
  • Max Supply:              1.18 billion SUQA
  • Transaction Per Sec.: 553
  • Dev Fee:                   10%
  • ICO:                          No
  • Pre-Mine:                 No
  • Masternodes:           No
  • Genesis:                   26 September, 2018

 Here is a quick intro for how to mine SUQA Coin. I will publish soon a better tutorial comparing the miners performances and benchmark different GPU like GTX 1050 Ti, GTX 1060, GTX 1070 (Ti), GTX 1080 (Ti), RTX 2080 (Ti), RX 570, RX 580 4GB/8GB.

HOW TO MINE SUQA WITH NVIDIA GPUS

MSI GTX 1080 Ti

  • Hashrate: 13.5 Mh/s
  • Clocks: +150/+0
  • Power Limit: 65%

HOW TO MINE SUQA WITH AMD GPUS

Sapphire RX 580 8GB

  • Hashrate: 3.25 Mh/s
  • Clocks: 1400/+2000
  • Power Limit: default

 

Demand is extremely high

A lot of people hold cryptocurrency. There are many active traders, who try to increase profits every day, but most of market participants only hold the cryptocurrency and wait for the best day to come. It is strange, but most of them were not scared of upcoming crisis, so now they have already lost up to 80% of their portfolios by doing just nothing. For everybody, who is able to count, it is obvious that holding does not work anymore. 

In the same, there are many fiat currencies in the world and most of them a pretty volatile, but ordinary people do not feel it, because they use money every day or make them work. Bank deposits is one of the most popular investment methods across all the world and it works, when you need to cover all the losses, caused by inflation. Unfortunately, traditional banking tools are not so widespread among the cryptocurrency community, but with SUQA you can make your fist coin deposit right now. 

Freedom could be fake

I have worked as freelancer for significant amount of time and I am sure that entire system did not changed a bit. World is changing, but terms for freelancers and their clients are getting worse. Imagine that three years ago, I was able to post info about my own services without any payments, and today I have to pay 20 dollars per month to have a right to reply an existing offer. Such payment does not guarantee that I will get job, so you may spend a lot without earning a cent. 

When the blockchain revolution had began, I was sure that things could be changed. We all was able to get rid of intermediaries and start completely new way of working. It is was a big mistake, because most of projects just created the same platforms but with crypto as internal currency. All the things that annoyed every freelancer remain unchanged. Until the appearance of SUQA. 

New approach for new world

The main difference of SUQA community for cryptolancers is absence of strict list of rules. Of course, some rules are needed to control over the issues, but nobody tries to steal your freedom. With SUQA I am able to do the things in my own way: intermediaries and old-fashioned platforms do not force me to follow their rules of the game. 

In addition, now I am sure that I will get payment in trusted and reliable SUQA tokens. It is very important, because there are a lot of different freelancer platform were created during the ICO era and now most of them are not demanded at all. In such conditions, it was pretty hard for cryptolancer to pick the platform, because all of them has own tokens. It means that you should check the info about token first, because even pretty good projects have dead tokens and I cannot make it for life using token, which does not worth a thing. Fortunately now, when SUQA is developing, I found a token I can rely on. 

Even if you are not interested in freelancing activity, but looking for a good point to enter the cryptocurrency world, SUQA could be a very good option. Its team had a great vision over situation on market and clear strategy of stable development. If you want to know more, please visit SUQA official website or post your questions on social media. Together we can build a community, which will change the entire world. 

IN CONCLUSION

Despite the project being in its initial state, SUQA is growing extremely fast. The coin easy to mine and its ASIC-resistant algorithm makes it a very solid pick for GPU mining. As with most new projects reviewed here, mining and holding seems to be the best strategy for now. The coin is listed only in a couple small exchangers and devs are still working on partnering with bigger ones. Overall, I’d say that people who enjoy hodling their freshly mined coins might find SUQA the most interesting. 

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