About Argentum
Argentum, launched in 2013, is a secure and independent Level-1 cryptocurrency. It is not a token built on another platform but its own sovereign blockchain, utilizing the UTXO (Unspent Transaction Output) model. Argentum's core feature is its innovative multi-algorithm design, which combines six different Proof-of-Work (PoW) algorithms to create a highly resilient and decentralized network.
A Unique Six Algorithm Proof-of-Work Mining System
To ensure robust security and consistent block production, Argentum employs a unique approach that combines the strengths of two different Proof-of-Work mining methodologies: merge-mining and native mining.
Merge-Mining: Shared Security
Two of Argentum's algorithms support merge-mining. This process is accomplished using Auxiliary Proof-of-Work (AuxPoW), which allows miners to secure multiple blockchains simultaneously with the same work. It lets Argentum "borrow" the immense hashing power from larger, more established cryptocurrencies, significantly enhancing its security against attacks. Argentum's built-in AuxPoW support makes this possible without any changes needed on the parent coin's side. Miners already working on Bitcoin, Litecoin or any other cryptocurrency using SHA256D or Scrypt can acquire Argentum for virtually no extra work.
| Algorithm | Good Parent Chain Choices... |
|---|---|
| Scrypt | Litecoin, Dogecoin |
| SHA256D | Bitcoin, Deutsche eMark |
Native Mining: Dedicated Security
Argentum features four native mining algorithms. This means the work done to mine them is applied exclusively to securing the Argentum blockchain. This fosters an independent and dedicated mining community, prevents reliance on other coins, and promotes decentralization by making mining accessible on different types of hardware.
| Algorithm | Best for... |
|---|---|
| Lyra2REv2 | GPU |
| Myriad-Groestl | GPU / ASIC |
| Argon2d | CPU |
| Yescrypt | CPU / GPU |
Core Specifications
- Block Time Target (Overall): 45 seconds
- Block Time Target (Per Algorithm): 270 seconds (4.5 minutes)
- Total Algorithms: 6 (2 merge-mined, 4 native)
Community & Resources
For more detailed technical information, to view the source code, or to engage with the community, please visit the official links below.