Welcome to the 32nd Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of ExchangeCoin. This will be comprised of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. The report will conclude with a grading out of 10. ExchangeCoin was launched in November 2017 with an ICO that raised 650 BTC, equating to over $5,000,000 at the time. The token issued, EXCC, has a maximum supply of 32,003,133, with 4mn EXCC sold during the ICO. Further, the project also has a premine of 12.1mn EXCC, equating to 37.95% of the maximum supply (from which the 4mn was sold to the public in the token sale). The token itself operates on the Equihash algorithm, and underwent a hard fork in July 2018, after which the network migrated to a dual Proof-of-Work/Proof-of-Stake consensus mechanism, with 30% of block rewards rewarded to stakers and 70% to miners. The block reward is progressively diminishing, with the current reward at 24.5 EXCC per block, with 2.5-minute block times.
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The HKEY_LOCAL_MACHINE (local machine-specific configuration data) and HKEY_CURRENT_USER (user-specific configuration data) nodes have a similar structure to each other; user applications typically look up their settings by first checking for them in "HKEY_CURRENT_USER\Software\Vendor's name\Application's name\Version\Setting name", and if the setting is not found, look instead in the same location under the HKEY_LOCAL_MACHINE key. However, the converse may apply for administrator-enforced policy settings where HKLM may take precedence over HKCU. The Windows Logo Program has specific requirements for where different types of user data may be stored, and that the concept of least privilege be followed so that administrator-level access is not required to use an application.[a]
For instance, the administrator can create a policy with one set of registry settings for machines in the accounting department and policy with another (lock-down) set of registry settings for kiosk terminals in the visitors area. When a machine is moved from one scope to another (e.g. changing its name or moving it to another organizational unit), the correct policy is automatically applied. When a policy is changed it is automatically re-applied to all machines currently in its scope.
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The registry contains two basic elements: keys and values. Registry keys are container objects similar to folders. Registry values are non-container objects similar to files. Keys may contain values and subkeys. Keys are referenced with a syntax similar to Windows' path names, using backslashes to indicate levels of hierarchy. Keys must have a case insensitive name without backslashes.
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For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin’s difficulty level.
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Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as ‘script’. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a ‘memory hard problem‘.
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