Crypto
Now Reading
ALQO (XLQ) “HODL this robust, democratic, powerful blockchain master!”
3

ALQO (XLQ) “HODL this robust, democratic, powerful blockchain master!”

by SteveOctober 5, 2018

ALQO (XLQ) blockchain tech is all the rage! Even though the markets have been just too dangerous to get into any altcoins. Slowly we can see a bottom and stagger back into our Gem positions. ALQO is a true rough diamond, we have kept it secret until now. To some, it is well-known for its rewarding Masternodes. A 100% decentralized network!

While to others, it is more tech-sided crypto enthusiasts. Thus we get a hard-on for the rock-solid robust and real democratic and decentralized network behind the project. Ladies and Gentlemen, we fill some bags! Soon run even masternodes with (XLQ) The coin of the ALQO project from Germany/Switzerland. Take a look at the awesome tech with us. 

Update 4/22/2021 The ALQO (XLQ) Token has been updated to EONS Token. You can read all about the EONS project with their EONS tokenomics article in PDF or their website. Thus this will inform you of the changes and advancements they have made. EONS for the PEONS!

EONS from ALQO
ALQO to EONS

What the heck is ALQO?

The ALQO network is a community-driven, open, and accessible peer-to-peer network used to store data and facilitate digital transactions. Highly decentralized in nature. Consiting of networks designed to aggregate blockchain financial and commercial services into one hub. This decentralized network of ALQO comprises four major components: Bitfineon, Liberia, Janus, and Coinfollium.

ALQO aims at providing users with infinite scalability. Having hyper-fast transaction speeds. With near-zero transaction fees. This characterized by low-entry barriers. Having a user-friendly interface. A fully decentralized system. Add large-scale interconnection of masternodes. Using the Quark hashing algorithm.

The ALQO network is a relatively new project in cryptocurrency. Formed in October of 2017 by a team of three German nationals. Who are located in beautiful Heidelberg. The team consists of Kevin Collmer, Jared Grey, and Mortiz Hemberg. The founders still remain active in the network. Also, they have assumed active leadership on the project as CTO, CEO, and COO respectively.

The ALQO project has been lauded far and wide for its uniqueness and robust functionalities. Cryptocurrency enthusiasts and reputable players have had raving reviews on the project’s economic principles and technical implementation. Ranked among the top five masternode projects by Omni Analytics Group. Below we look at some of the features that set apart ALQO from other existing blockchain projects.

Absolute Decentralization and Democracy

Most of the major Blockchain projects today have adopted the Application-specific Integrated Circuit (ASIC) algorithm for mining. ASIC tools are fairly expensive. Especially for most people. Thus only a select few can mine it. ASCI allows users an unfair advantage thus eroding the principle of democracy envisioned by initial cryptocurrency founders.

To counter this emerging trend ALQO uses the Quark hashing algorithm. Quark is fairly lightweight. Mined even with modest hardware devices. Almost everyone can participate in mining. Additionally, Quark utilizes algorithms like Blake, Groestl, and Skein. Impossible or virtually impossible we should say. No ASCI dedicated machine can operate on the ALQO blockchain.

Unlike other cryptocurrencies. ALQO has a dedicated fund set aside for developers. The ALQO community possesses the veto power to allow or deny funds to a development project. The current system is flawed since the developer’s team already has access to the fund’s private key. Hence in any way bound to the community’s interest. Conversely, for ALQO, the community has the ability to decide whether a project should be funded or not.

ALQO has developed carbon voting. One XLQ (default network coin) = one vote. With this voting is all off-chain. Transferred to the master nodes for verification via end-to-end encryption. This gives every user a weighted vote. Over and above carbon voting and ad-hoc development funding offer XLQ users with decisions making powers. In which these powers are conspicuously missing in other cryptocurrencies.

Enhanced scalability and transaction capacity.

The ALQO Blockchain
The ALQO Blockchain

ALQO network allows the transfer of 4MB blocks in 60 seconds. Compare that to bitcoin with over 40 times the volume transferred. Bitcoin transfer a block size 1MB in 10 minutes. The ALQO blockchain is set to switch to dynamic block sizes as the network’s usage increases. In the case of network congestion, the blockchain can dynamically increase the size of the blocks. All for the sake of larger volume.


Divided into two tiers the masternodes and the blockchain. To understand what a masternode is. Masternodes are a network of highly available/dedicated servers that belong to the users. The masternodes help in facilitating fast and anonymous transactions. Masternodes also give voting validation. Lastly, they contain a full copy of the network.


ALQO utilizes the Minimum Viable Chain(MVC) to conduct transactions in the shortest time possible. An MVC refers to the chain which is close to the performing node. In which is compatible with incoming blocks and is able to handle all the transactions therein. MVC is run on a thin client and therefore does not contain a full copy of the blockchain. MVCs are capable of providing the chain with continuity without sacrificing storage and computational resources. Each device is able to mine and create blocks hence everyone is able to participate in the network.

The Liberio Framework & Wallet

Built on top of the ALQO network is a semi-thin client framework known as Liberio. This framework is designed to run an array of devices ranging from small mobile devices to heavy-duty dedicated services. The framework is designed to offer seamless functionalism and a user-friendly interface.


Some of the key features of the liberio framework we will review. ALQO hyper send, ALQO shroud, ALQO hosting framework, wallet to wallet chats, master node connectivity, cold staking. Also a built-in Palacio framework. Over and above the liberio framework. This offers the ALQO project with infinite and robust functionalities. To compare fairly most other projects can only dream of. The liberio framework places a significant premium on the ALQO project. Thus setting the stage for its widespread adoption in the coming future.

The Glacier Dashboard at Liberio
The Glacier Dashboard at Liberio

The hot thing is, that you can use this wallet (already now!) to cold stake your XLQ and earn – often as much or even more than with the masternode, independent from the amount of XLQ you stake.

Atomic Swaps

To counter the challenges of dealing with cryptocurrency exchange platforms, the ALQO network has developed atomic swaps. Atomic swaps allow users to change a coin for another directly from their wallets without a third-party intermediary. To achieve the vision of full cryptocurrency economy blockchains must incorporate interconnections amongst each other.

Hash encrypted and time locked. Atomic swaps act as escrow services. Firstly, add complete transactions, lastly, conditions are met and validated. Secondly, the ALQO projects aim at implementing on-chain atomic swaps. Later transit to off-chain swaps. To complete the swaps, however, the network will require branched transaction scripts, identical hash algorithm, signatures checks, and verification.

The XLQ Coin

The XLQ coin was launched in October ’17. Currently, the XLQ is priced at $ 0.17 with over 57.24 million coins in circulation. According to CoinMarketCap, XLQ is ranked at 351. It has a market cap of $9.54 million. Previously, the coin has not managed to replicate its record prices of $2.2 witnessed in January 2018. Hope still exists that the coin is now poised for the much-anticipated growth in the coming months. The bear market left a huge upside technically for XLQ and the assumption you hardly won’t get a cheaper opportunity to start your ALQO masternode if you wish to.

XLQ Masternode_Stats
XLQ Masternode_Stats

You need to stack 10,000 XLQ for one Masternode. This equals $1,786.72. You can expect an annual reward of 55.92% which is quite interesting for the long-term hodl. Also, the amount of coins locked in Masternode seems to stabilize the price. Currently, it has still retraced 88.3% from its All-Time-High. Subsequently there is plenty of room to get in and hold. We expect much to come! As the work by the restless DEVs is outstanding and the marketing of ALQO hasn’t even started yet.

We are looking far out into the future. The main reasons for ALQO and it’s future success. As to why we believe ALQO (XLQ) is going to be a major gem for investors.

XLQ Price Development
XLQ Price Development

Our Buy Orders for XLQ

Price on Exchange for a ALQO Masternode
Price on Exchange for a ALQO Masternode

We spread staggered buy orders in the support zone, marked with a blue box in the image below. Thus we don’t want to miss the chance to shoot us full masternode for only 0.25 BTC. So we will buy even more! Plus you have to consider the exchange/transaction fees because you want to have 10k XLQ arriving. We wish to acquire as much as 10k ALQO here.

We spread our buy entry in this area
We spread our buy entry in this area

Use case of XLQ and ownership benefits of XLQ

The XLQ coin is mostly used for conducting payments on ALQ’s cloud services. The coin will also be used for issuing smart digital assets and executing smart contracts. The coin can also be used as collateral for operating and creating masternodes as well as service nodes.

XLQ coin holders will be able to participate in governance and decision-making on the ALQO network. Through carbon voting, users can vote on development proposals and future asset listing on Bitfineon. The coin will be the native base market on the Bitfineon exchange. Thus holders will receive a 50% share of the Bitfineon revenue.

ALQO Future

We see the price increasing long-term for the following reasons/fundamentals:

  • Bitfineon will launch soon and will have XLQ has base currency for their trading instruments
  • Whilst 55% p.a. / masternode seem not to be much at the current moment. This should increase with the launch of Bitfineon as the difficulty rate will increase again. We can see much more rewards than this.
  • Liberio is almost ready to launch – and it is revolutionary! Already now you can import your private key and stake your XLQ on Liberio. This lets you get rewarded for staking your coins. This is is amazing as you earn just for keeping your XLQ in the wallet. On autopilot, you have nothing else to do. Recently the staking rewards even topped the Masternode rewards (this is dynamic and can switch anytime). What do we do? We hold a masternode and another portion of our coins on Liberio. This way we hedge both against each other and earn either way. You see, the reasons to hold XLQ are very obvious. This will decrease the circulating supply. While the demand might rise with all the news upcoming.
  • With an improved reward for the masternode, XLQ owners won’t sell which decreases the amount XLQ in circulation. On top of the fact, it is already a small cap coin.
  • Do yourself a favor and check the roadmap. Along with that, these guys have insane things to come! Subsequently, we just highlighted a few of the things they have in the pipeline. There is so much more to come!

Low inflation monetary policy

Having seen and experienced the risk of high inflation. Along with currency devaluation. The current national currencies, ALQO (XLQ) has attempted to solve this problem by offering an ever decreasing emission rate. In the recent past, we have also witnessed massive price spikes and catastrophic dips on cryptocurrencies. ALQO (XLQ) aims at retaining its nature as a disinflationary currency.
ALQO (XLQ) aims at creating a maximum of 62 million coins. Even so, which the coins will be decreased at an annual deflation rate of 4%. These measures will essentially protect the value of the coin from excessive volatility. Could XLQ even become a safe haven coin?

Hybrid Proof of Work and Proof of Stakes

Initially, the ALQO network plans to allow mining through Proof of Work (PoW). Later move on to a Proof of Stake (PoS) system. The PoW algorithm rewards users with new coins after performing complex mathematical problems. This is according to the number of coins they have stored undisturbed “staked” on the network’s chain. The main purpose of these two algorithms is to verify transaction legitimacy and create new coins.

ALQO (XLQ) use of the two algorithms (albeit separately) aims at providing users with the best of the two worlds. In the initial stages of the coin, the development will benefit from a trustless and distributed environment using PoW. After the coin has grown substantially and the cost of PoW mining increases. Subsequently, the users will be cushioned by the transition to PoS. A Proof of Stakes network will also be more secure since attacks will be more expensive in a PoS system.

Cold staking

Most PoS systems available today require users to maintain a hot (online) wallet. Above all having a mature balance in order to be considered for rewards by the network. Users without the inclination or ability to maintain a hot wallet throughout are therefore disadvantaged. Consequently, the exclusion from the network diminishes its overall security and rewards are distributed to a few participants.


With cold staking, XLQ coin holders can stake their coins. Even if they don’t have an active connection to the network. The network is now able to benefit from staking resources from offline users. Thus the users are able to enjoy rewards. This system enables increased decentralization and fairness as every stakeholder. This will be able to grow their value with time.

Fast, private and low-cost transactions

The XLQ coin is quite attractive for investors and traders courtesy of it its enhanced transaction speeds, increased privacy, and low cost. At a speed of 4MB per minute, XLQ offers 40 times the speed offered by market leader Bitcoin. XLQ can also be transferred in dynamic sizes hence it is virtually impossible for the coins underlying network to become congested.
Additionally, using the ALQO hyper-send and shroud services users can choose how whether the coins are transacted with an emphasis on speed or privacy. Once sent, funds are received and spendable by the recipient. almost instantly and with minimal fees. HyperSend supports a network throughput 20x greater than is possible on the Bitcoin network, for less than a cent.

A Final Note

The ALQO project is quite robust and extensive. A network with immense ambitions and potential. The network has incorporated vital and futuristic features that if implemented to the end will place the network as a leader in the blockchain industry. Despite being in its initial stages the project is developing massive interest. going into the future is only going to grow even further.

Cryptocurrency investors and trader looks to invest in a coin that is unique, reliable, scalable, fungible and with a vibrant community behind it. XLQ encapsulates all these attributes in totality. Thus XLQ is a gem that has yet to be discovered by most. Its robust and dynamic functionalities and design are irresistible for the purist looking for a completely decentralized and democratic coin. ALQO network is decentralized completely.

This is a long article. Thus we hope you appreciate the full on review of this coin. If not that is ok. We are coin geeks. It is what we do. A few things to note below.

While the coin has not generated much up due to its subdued marketing strategies. We look forward to a bright future. Looking at its powerful functionalities you can tell it’s only a matter of time before it comes to the limelight. Firstly, what will happen with the anticipated Bitfineon launch. Secondly, what will happen with the Masternode rewards. Lastly, we will see what might ultimately happen with the price of XLQ. In our opinion, this is the time for shrewd investors to wake up and smell the coffee.

What's your reaction?
Happy
0%
Angry
0%
Laugh
0%
Cry
0%
Surprised
0%
Unsure
0%
About The Author
Steve
Is a German Hipster Hippy influencer, a marketer, a father and a righteous man of the Deutschland. He is a believer that love can conquer the world, funky, crazy, but love never hurts anyone. So light up a spliff and dig the vibe dude!
3 Comments
  • Learn More Here
    May 29, 2021 at 5:52 pm

    Hello There. I found your blog using msn. This is a really well written article. I will make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll certainly return.

  • Wedding Hairstyles
    June 11, 2020 at 9:42 am
    Positives

    WONDERFUL Post.thanks for share..more wait .. ?

    Negatives

    Thanks for the tips about credit repair on your blog. A few things i would offer as advice to people is always to give up this mentality they will buy now and pay back later. As being a society we tend to do that for many factors. This includes family vacations, furniture, as well as items we really want to have. However, you need to separate your wants from the needs. When you are working to fix your credit score make some trade-offs. For example you'll be able to shop online to save cash or you can visit second hand retailers instead of costly department stores for clothing.

    I do like the way you have presented this matter and it really does provide me personally a lot of fodder for thought. However, coming from what precisely I have experienced, I just trust when the actual opinions pack on that people stay on point and in no way start upon a soap box associated with some other news of the day. Still, thank you for this fantastic piece and whilst I do not really concur with the idea in totality, I regard your viewpoint.

  • Annie
    October 5, 2018 at 2:48 pm

    Woow Steve – thats one massive write up. Good stuff, thanks!

Leave a Response

This site uses Akismet to reduce spam. Learn how your comment data is processed.