There is a new crypto I want to talk to you people about, called X11Coin , or XC. It’s quite a big deal to call your crypto after a very popular mining algorithm, so I guess we have to check out what makes this crypto so special.
X11Coin is a crypto with an extended Proof-of-Work phase, which seems to become a rarity lately. It’s also designed to provide a stable infrastructure to build blockchain 2.0 applications. Interesting to see what kind of applications they have in mind!
As far as technical details go, X11Coin is running the… well… X11 algorithm! I know this comes as a major shock to most of you, but trust me, I’m not kidding. There will be a total of 17 million XC mined during the Proof-of-Work phase, and 33 million XC in total.
These additional 16 million coins will be generated during the Proof-of-Stake phase, at a rate of 3,3% annually. The minimum stake age is 8 hours, and the maximum stake age is 30 days. Solid numbers if you ask me.
Future development of X11Coin looks interesting as well, as there a few features in development. Anonymous transactions, Payment Cards, Android Wallet, and the aforementioned blockchain 2.0 applications are all on the list.
X11Coin can also be traded on several exchanges, as it is listed in XC/Bitcoin trading pairs on BitTrex, BitOnyx and Poloniex. More exchanges are being looked at, with MintPal being the most likely candidate to add XC to their exchange.
X11Coin donations are welcome to : XVpnTajhv1B1WZm3ZB2NMoVW5X8ErWt7pD