Whitecoin is a decentralized and open source based blockchain. The Whitecoin cryptocurrency is denoted by the symbol XWC. XWC was launched on April 13, 2014, without an initial cryptocurrency offering. Detailed information about what is WhiteCoin (XWC), how it works, how much it costs, how to buy it, which exchange is it on, etc. is in the continuation of the content. You can browse here for information about HEX coin.
What is WhiteCoin (XWC) and how does it work?
Whitecoin is one of the older classes of cryptocurrencies that focuses on innovative software that executes transactions securely. Whitecoin is a decentralized and open source based blockchain. The Whitecoin cryptocurrency is denoted by the symbol XWC.
XWC was launched on April 13, 2014, without an initial cryptocurrency offering. It uses the Proof-of-Stake algorithm to secure the network and has its own operating software called WhiteOS that customizes the Ubuntu environment to enable the portability of XWC coins.
The cryptocurrency got off to a rough start with a developer disappearing shortly after launch. Because of this, its transition to the Proof-of-Stake (PoS) phase has stalled and XWC has almost disappeared. The coin gradually gained support from a few investors. The developers took over the cryptocurrency and continued mining. The Whitecoin development team claims to be working on improving the voting technology, voting, and the main bitcointalk.org thread. It also plans to upgrade WhiteOS for more security.
Anonymity: Transactions routed through the Whitecoin blockchain use Whitecoin addresses to send and receive funds and do not use any personally identifiable information.
Transparency: All transactions are auditable as everyone has a transparent ledger that shares their bank history but does not reveal their identity.
Faster: Whitecoin offers a fast network for WhiteCoin transactions, which speeds confirmation times as one block is mined every minute. New Whitecoin users can quickly import their first unsynced block from a local file, eliminating the need to download blocks from random peers using “bootstrap.dat”.
Portability and Security: XWC coins can be easily accessed and mined even on older PCs and laptops because it uses WhiteOS software which offers cold storage that is unaffected by malware/keyloggers running in that computer’s Windows environment.
What exchange is Whitecoin on and how to buy it? How much is the XWC coin price?
Whitecoin is traded on exchanges such as ZB.COM, LBank, MEXC, XT.COM, etc. These can be purchased from exchanges, but before trading, it is necessary to make sure that the exchange is reliable. As of December 10, 2021, the price of 1 XWC coin is around $ 0.97 (price can change instantly).
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency