Cryptonite
| Last updated | 2 years ago |
| Price per XCN in USD | $ 0.00030345171792467 |
| Price per XCN in Bitcoin | 0 |
| Volume over the last 24 hours | $ 0 |
| Market cap in USD | $ 214,998 |
| Change in % over the last hour | 0.26853932 |
| Change in % over the last 24 hours | 1.08112962 |
| Change in % over the last 7 days | -0.72725537 |
XCN specifications
| Name | Cryptonite |
| Symbol | XCN |
| Minable | Yes |
| Algorithm | N/A |
| Prooftype | N/A |
Coin description
Cryptonite is a cryptocurrency designed as a lightweight implementation of the Bitcoin protocol, emphasizing simplicity and efficiency. It operates on a proof-of-work (PoW) consensus mechanism, utilizing the Scrypt algorithm to ensure fair mining accessibility. Cryptonite emphasizes speed, security, and usability.
Cryptonite Lightweight Features
Cryptonite's architecture supports features like fast block times and low transaction fees, ensuring seamless payments. Its focus on decentralization ensures that users retain full control over their funds. For example, merchants can accept Cryptonite payments while benefiting from near-instant confirmations and minimal fees.
One of Cryptonite's strengths lies in its role as an early experiment in digital currencies. By promoting transparency and immutability, it challenges traditional monetary policies. Keywords like Cryptonite lightweight and Scrypt mining are closely tied to this project.