Sunday update:As some of you must have noticed, Veltor's hash rate has seen a steep rise this week. This is good for the network overall. However, we are still lacking on nodes and have to disperse our hash rate on the pools available to us.
But enough nagging for now.
I have decided to use Argon2 as a hash function for mining blocks. It was developed by a team of cryptography researchers and won a renowned password hashing competition. The algorithm is memory-hard, which makes it quite resistant to ASICs. It should help the Veltor network to stay more decentralised.
Argon2 mode of operation with no parallelismOne of the key advantages of Argon2 is the possibility to define custom parameters for the algorithm to change the performance, memory usage and parallelism. I will play with different sets of parameters to find the right trade-off between ASIC resistance and block validation times.
You can read more about it here:
https://www.cryptolux.org/images/0/0d/Argon2.pdfThe progress on the codebase is going well:
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600 lines of code might not seem like much, but it includes an almost complete peer-to-peer network implementation, an initial working miner, transaction signing and block assembly. I believe that says a lot about the quality of the code. I refactor often and never stop until I find an elegant solution for what I'm working on. Simplicity and efficiency are my utmost priorities!
J.V.
much much better! 
This is just like waiting for next ep of Westworld 
