Evan said it is not going to be a new algo: We're planning on revealing a new type of proof of work model that resolves the centralized mining issues in Bitcoin.
I cannot tell you that as for me it's like I was reading chinese. I just quoted what Evan said to me on reddit. He obviously did not give any specific details just said he found a way not to get centralized like bitcoin is at the moment.What does that mean? Will it be compatible to the existing ASICs? So we will have both, a network more secure AND decentralized?