Total Market Cap
Last historical data: 2021-01-22T08:14:06.000Z
Decimal places: 0
Genesis date: 2014-07-28
Liquidity score: 0
Publi interest score: 25.435
Community score: 20.586
Developer score: 15.871
Coingecko score: 11.658
Market cap rank: 3173
Coingecko rank: 2298
Alexa rank: 7.943578e+06
Bing matches: 55100
Cryptonite is the first cryptocurrency to implement the mini-blockchain scheme.
With the mini-blockchain, nodes will never spend days synchronizing with the network.
Cryptonite also achieves smart coin distribution by adjusting the difficulty and the block reward every block.
The dynamic max block size mechanism ensures that the transaction capacity of the network naturally grows over time. Cryptonite had no pre-mine, no IPO and the difficulty adjustment algorithm is designed to adapt quickly and prevent instamines.
The coins are distributed fairly over a long period of time, with half mined over a period of ten years.
There was a month of public beta testing before release alongside a week of early pre-announcement.
Cryptonite also uses the M7 Proof-of-Work hashing algorithm which consists of the following algorithms: SHA-256, SHA-512, Keccak, RIPEMD, HAVAL, Tiger and Whirlpool.
Cryptonite aims to create a peer to peer blockchain with a proof of work consensus mechanism, that is fast, secure and needs a minimum amount of full nodes.
They aim to do so with mini-blockchain (data needed by nodes), proof chain (data loss of coin) and account tree (database of non empty addresses).
Cryptonite is a currency token fueling the Cryptonite blockchain.