Phoenixcoin (PXC) Price, Charts, Market Capitalization
Phoenixcoin (PXC) Graphics
What is Phoenixcoin (PXC)?
Phoenixcoin (PXC) is an open-source peer-to-peer digital currency that aims to become the preferred cryptocurrency for everyday transactions. It was released in May 2013 and is based on the Litecoin codebase. Phoenixcoin offers fast and secure transactions with low fees and is designed to be a user-friendly and efficient cryptocurrency for both merchants and consumers.
History and Purpose of Phoenixcoin
Phoenixcoin was created in 2013 by a developer named “Graet” with the aim of offering a fast and secure cryptocurrency that could be used for everyday transactions. The project was launched on May 20, 2013, and quickly gained popularity in the cryptocurrency community. Phoenixcoin was designed to be a more efficient version of Bitcoin and Litecoin, with faster transaction times and lower fees. The project was initially launched with a total supply of 98 million coins, but this was later reduced to 98,169,000 PXC to reduce the amount of inflation.
Phoenixcoin Technology
Phoenixcoin uses the SHA-256 hashing algorithm, which is the same algorithm used by Bitcoin. This means that the cryptocurrency is secured by the same mining hardware used by Bitcoin miners. Phoenixcoin has a block time of 1.5 minutes, which is faster than Bitcoin’s 10-minute block time. The block reward for mining a Phoenixcoin block is 50 PXC, and the total supply of Phoenixcoin is capped at 98,169,000 PXC. Phoenixcoin also uses a difficulty adjustment algorithm to ensure that the block time remains consistent and to prevent the network from becoming too difficult to mine.
Phoenixcoin’s Strengths
One of the strengths of Phoenixcoin is its fast block time, which allows for faster confirmation of transactions. This makes Phoenixcoin a more efficient cryptocurrency for everyday transactions compared to Bitcoin and Litecoin. Additionally, Phoenixcoin has low transaction fees, which makes it more cost-effective for users. Phoenixcoin also has a strong community of developers and supporters who are working to improve the technology and increase adoption.
Phoenixcoin’s Weaknesses
One of the weaknesses of Phoenixcoin is its limited adoption compared to other cryptocurrencies such as Bitcoin and Ethereum. Phoenixcoin is primarily used by a small group of enthusiasts and has yet to gain widespread acceptance in the mainstream. Additionally, Phoenixcoin’s value is subject to market volatility, which can make it a risky investment for some users.
Phoenixcoin’s Market Value
As of May 2021, Phoenixcoin’s market capitalization was approximately $7.5 million USD, with a circulating supply of around 67.3 million PXC. The cryptocurrency is traded on several exchanges, including Bittrex and Livecoin.
Conclusion
Phoenixcoin is a fast and efficient cryptocurrency that aims to become the preferred digital currency for everyday transactions. While it has yet to gain widespread acceptance in the mainstream, it has a strong community of developers and supporters who are working to improve the technology and increase adoption. As with any cryptocurrency, users should be aware of the risks associated with market volatility and should only invest what they can afford to lose.
How To Buy Phoenixcoin (PXC)?
Do you want to plunge into the world of cryptocurrencies and know where to buy How To buy Phoenixcoin (PXC)? The largest exchanges currently trading with How To Buy Phoenixcoin (PXC)?Kucoin , Gate.io Binance and . You can find other exchanges that make listings.
About Phoenixcoin (PXC)
| Contract | |
| Website | http://phoenixcoin.org/ |
| Explorers | Etherscan,ethplorer |
| Community | Twitter facebook |
| API idd | phoenixcoin |
1 Phoenixcoin (PXC) USDC (1 PXC) to USD//Coin) Exchange Calculator
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