As you may already be aware, titanprojects is being upgraded to a new blockchain technology, which is better in every aspect.
Many of our users/investors have been asking questions about the new technology, so here’s a brief overview.
The technology to which titan is being upgraded is called X21S. It is a proof-of-work algorithm, which supports fast and efficient mining of cryptocurrencies. You can read our mining announcement to know more about how to participate in titan coin mining.
About the new x21s algorithm of Titan
Titan coin is a digital payment currency designed to facilitate a secure and fast, peer-to-peer mode for international payments.
The major update to the Titan technology is the addition of the X21S proof-of-work algorithm. It is a GPU-friendly mining algorithm/technology which focuses on improving the security and speed of blockchain transactions, enabling more blocks to be created in less time.
Block Creation Time: ~60 secs
X21s is a mining algorithm which combines the properties of the X16s and X22i.
It starts with 16 hashing functions of X16s and is further upgraded to add 5 more hashing algorithms, namely haval256, tiger, lyra2, gost512, and sha256, which further improved the overall performance of the blockchain system.
Another thing that stands out about the X21s algorithm is that it is GPU-friendly, which means that new titan coins can be mined only with the use of GPUs.
More details about the new titan blockchain and X21s algorithm will be updated soon. Stay tuned!
New Updates on Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5127407.new#new