Summary

Chives (XCC) is presented as a promising and underestimated cryptocurrency with a unique mining model and upcoming features like NFT support and smart contracts.

Abstract

Chives (XCC) is identified as a potentially underestimated cryptocurrency in November 2021, distinguishing itself with a fresh approach to mining through a combination of proof of space and time (PoSpace + PoTime) and proof of service (PoSE). Unlike many cryptocurrencies that rely on energy-intensive video card mining, Chives utilizes free hard disk space, making it an eco-friendly alternative. The article suggests that Chives is evolving beyond a mere cryptocurrency by building an ecosystem that includes NFT support and smart contracts. With a 2-layer network structure supported by master nodes, Chives aims to provide unique performance support and is positioned to become a worthwhile investment in the crypto market.

Opinions

The author expresses skepticism about the frequent emergence of "Bitcoin killers" in the cryptocurrency market but views Chives as a different and more promising prospect.
Chives is seen as an improvement over older cryptocurrencies, having learned from them and developed into a product worth buying.
The article conveys enthusiasm about Chives' future potential, particularly with the introduction of NFTs and smart contracts, which are expected to enhance its ecosystem.
The author believes that Chives' approach to mining, which is less energy-intensive and more accessible, is a significant advantage over traditional mining methods that consume vast amounts of electricity.
There is an optimistic view of Chives' governance model, where master nodes receive block rewards and contribute to decision-making and funding community projects, suggesting a healthy community environment.
The article encourages readers to consider purchasing Chives coins, indicating a positive outlook on its investment potential.

Most Underestimated Cryptocurrency in Nov 2021 — Chives (XCC)

Didn’t you hear about it? It is Chives.

I am a bit skeptical nowadays. Especially in the cryptocurrency market. After years of work here, you became tired of seeing another “Bitcoin killer” every week.

Luckily Chives isn’t it. Chives blockchain uses a different approach than Bitcoin. Chives pursue other goals. It has a fresh mining model. It isn’t “another cryptocurrency”.

Chives gonna become a new ecosystem. NFT support is coming. A smart contract is on their way, too.

Looks like Chives took best from old cryptocurrencies and evolved enough to become a worth-buying product.

Some History

Chives were released on June 30, 2021, and the binary file for mining was released on July 5, 2021. Chives is a branch of CHIA. To prevent large mining pools from dominating, Chives uses a combination of proof of space and time (PoSpace + PoTime) and proof of service (PoSE). Miners of Chives can use free hard disk space to mine 45% of chives openly, fairly, and transparently.

Algorithms

Chives build a 2-layer network. The main node network is on the basis of the first-layer miner network, which is like DASH. The second layer of the network is supported by the master nodes, which provides unique performance support for Chives. The master nodes do not take part in mining activities and have the functions of instant transaction, decentralized management, and budget decision-making. And that’s why the master nodes will receive 45% of the block reward.

The remaining 10% is used to establish a healthy and complete Chives community environment. Part of which is this article. It is decided by the master nodes voting to fund projects that contribute to the Chives network.

Ecology

Chives is an eco-friendly blockchain.

Isn’t that impressive? Only if you don’t know how mining goes.

Most cryptocurrencies use a huge amount of electricity. They are mined using video cards. So millions of them are working around the world in the pools. All this is to find a “pretty” hash and receive the next block reward. And the complexity of calculations is constantly growing.

This process was created only to slow down the mining process. To protect the currency from hyperinflation. But it gives no actual value to the real world.

That’s why most cryptocurrencies are burning down electric energy like crazy.

But not Chives. Because they are special. Ha-ha. They are mined using hard drives. Exactly SSD type of memory. Which is crazy energy-efficient compared to mining using video adapters.

Do you need anything else? Actually, there are some more awesome Chives features, you can find here.

The easiest way to buy these coins is to go to LBank. So what do you wait for?

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