0.05%

Market Change

$949 509 700 981.32

Total Market Cap

$103 155 980 795.95

Total Volume

24050

Cryptocurrencies

23 GWEI

24 GWEI

24 GWEI

Ethereum gas price

39.62%

BTC Dominance


Cryptonite (XCN)
Cryptonite

XCN 88.99%

24h Change

$1 508 282 373.03

Market Cap

$12 080 793.68

24h Volume

$0.0702

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:06.000Z

Decimal places: 0

Algorithm: M7

Prooftype: PoW

Country origin:

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 (XCN)

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.