If anyone can create their own currency, First of all, why should they consider cryptocurrency algorithms?
Some of them are designed for various types of cryptocurrencies at once, some are global.
History & Background of X11:
X11 was developed to overcome some issues combined with previously used cryptocurrency mining algorithms like SHA-256 or Scrypt.
Compared with other algorithms like SHA-256 and Scrypt, X11 is less intensive and so use less electricity.
Therefore, you will see accordingly lower electricity costs at the end of the month.
It also includes storage of legacy blocks without over-burdening the capacity limit.
Since the Shabal hashes are difficult to ascertain, we precompute them and store them on a hard drive.
If we consider the pricing factor, then the hard drives are more affordable and easily accessible.
Furthermore, this will draw more participants to invest their hard drive space in order to gain money.
When you are done mining, you can clear your hard drive and use it for its unique proposed reason.
Utilizing hard drives is multiple times more vitality proficient than ASIC based mining.
