UFOCoin StoryFrom a Joke to a Strong Coin
Ufocoin was originally launched in January 2014, and has been completely revamped on July 2nd 2015. Ufocoin’s algorithm has changed from Scrypt to NeoScrypt, which is an improved version of Scrypt created by the Feathercoin / Phoenixcoin development team. NeoScrypt is 30% more energy efficient than Scrypt, and ASIC resistant. ASICs have taken over Scrypt mining, making it unprofitable for GPU/CPU miners to Scrypt. NeoScrypt today allow GPU/CPU miners to profitably mine Ufocoin again, which should make Ufocoin more popular. NeoScrypt is somewhat similar to X11, in the sense that X11 makes mining more profitable for GPU/CPU miners and is more energy efficient. X11 has become extremely popular this year following the release of Scrypt ASICs, since all the GPU/CPU miners are flocking to X11.