Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,243,771,578,670

Volume 24h:

$34,180,051,536

X16R

Rank #44

$456,583,602

1

0

Winners (undefined)%

24H

Losers (undefined)%

Rank

44

Assets

1

Marketcap

$456,583,602

Volume 24h

$9,634,887

Winners

1

Overview
Assets

$456,583,602

Marketcap

$9,634,887

Volume

44

Rank

1

Winners

0

Losers

1.78

%

Change 24h

16.51

%

Change 7d

1H

-0.180

%

1D

1.78

%

1W

16.51

%

1M

15.38

%

2M

39.99

%

3M

89.89

%

6M

81.83

%

1Y

38.51

%

About X16R


The X16R algorithm is a unique hashing algorithm used by the Ravencoin (RVN) blockchain platform. Designed to be resistant to ASIC mining, X16R is a proof-of-work consensus algorithm that uses sixteen different algorithms in a randomized order to create a hash. This approach is intended to make it difficult for ASIC miners to gain an advantage over other miners using standard graphics cards.


One of the main advantages of the X16R algorithm is its accessibility. Because it is designed to be resistant to ASIC mining, anyone with a standard graphics card can participate in the RVN mining process. This has the potential to make mining more democratic and decentralized, as more users are able to participate in the network.


Another advantage of X16R is its security. Because the algorithm uses a randomized order of hashing algorithms, it is more resistant to attacks and manipulation than other hashing algorithms that use a fixed sequence of algorithms. This makes it more difficult for attackers to gain control of the network and carry out double-spending attacks or other malicious activities.


X16R has been well-received by the cryptocurrency community, and it has been adopted by a number of other projects beyond Ravencoin. Some of these projects have even made modifications to the algorithm, creating variations such as X16S and X16Rv2.


In conclusion, the X16R algorithm is a unique hashing algorithm that has been designed to be resistant to ASIC mining and provide a more accessible and secure mining process. Its use in the Ravencoin platform has helped to make mining more democratic and has contributed to the platform's growing popularity in the cryptocurrency community.