Torque

If the idea of mining cryptocurrencies has crossed your mind, then chances are that you are going through bulky tutorials and perhaps a better look at your computer and what you could do to upgrade it.  Granted, if you are going for the consecrated currencies, such as Bitcoin or Ether, then you should be prepared to devote a huge amount of computer processing power and associated expenses.

Then again, thanks to tools such as Stellite, things do not have to take this turn. In fact, according to the developer, Stellite addresses the average user who wants to mine from their own computer and that perhaps do not have the know-how to tackle with cryptocoins like Ethereum, Bitcoin and similar.

The coin employs the CryptoNight algorithm, which means that it is quite suitable for the ordinary CPU, as it fits in the L3 cache of the modern processor. Not only that, but it also indicates that you can actually mine your own computer.

It is worth mentioning that the developers are planning to find a way to add other devices such as smartphones, tablets or smart TV, for example, to the mining pool. Considering that no other cryptocurrency has done this before, it is going to be an interesting attempt to say the least.

You will be happy to learn that the cryptocoin uses decentralized node lists and that nobody can trace your transfers unless you permit them. To achieve this, the tools employes ring signatures which are not only difficult to trace, but also have that extra ambiguity factor that makes it hard to tie a transaction with a specific computer or user.

Moreover, all individual transactions that occur in a network are cryptographically secured. To put it simply, the wallets used for trade come with a 25-word mnemonic seed that is only displayed once. While it is true that you can note it down in the wallet, take note that they are encrypted.