Is this supposed to be an anonymous blockchain powered by IoT or is it the other way around and it is IoT powered by a blockchain?
It's an anonymous blockchain that has an IoT viable algorithm (allowing for the release of things like today's miner)
IoT viable algorithm, I have to think about and study that term as I can't come up easily with the opposite. Which algorithm for example is not viable for IoT?
It's viability mainly comes from the ASIC-resistant nature of the project, and the steps the team have taken to ensure small miners stay relevant.
For example, the uPlexa team already have an emergency fork ready, should anyone develop a compatible ASIC - one which they can deploy in hours, rather than months.
On top of that (and I'm not a developer, so they may chime in here), I believe the algo used is 'kinder' on low powered devices (half iterations from the original Cryptonight iirc).
The main note from the project thus far, is that we're actually seeing delivery of these promises, and when we're surrounded by projects that simply don't deliver, I think that has to be a reason to show an interest
Is it always possible to detect active ASIC miners? If I was an ASIC developer, I would slowly deploy machines over time so that it is not easily detected.
Yes, but that hasn't been the case with any other coin. Look at Monero recently.
These people want a sharp ROI.
The point here is that the next hardfork is ready to go, immediately. There's no 6 month etc period where ASIC's can exploit the network.
Perfection in this scenario is impossible, but this greatly reduces their influence. Yes, given your scenario, a single ASIC dev could avoid detection for a period of time.
I don't want to get too bogged down with just this, either. This is just one feature of this project. The dev team have 2 straight weeks of product releases coming soon (they're literally releasing something new every day for two weeks). Not sure if that's ever been done before, but it's pretty rapid development and desire, and I'm pretty excited about it!
you should try
