The 0xBitcoin protocol is based on the Proof of Work (PoW) consensus mechanism, which enables miners to earn rewards for processing transactions and securing the network. Unlike Bitcoin and other traditional cryptocurrencies, 0xBitcoin does not use the SHA-256 hashing algorithm, but rather a modified version known as the Ethash algorithm, which is designed to be ASIC-resistant and more memory-intensive. This makes 0xBitcoin mining more decentralized, since it can be done with less expensive hardware. Additionally, 0xBitcoin utilizes a limited supply of 21 million coins, which is similar to Bitcoin, to ensure scarcity and create a deflationary effect.
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0xBTC - 0xBitcoin| Grafa
The 0xBitcoin protocol is based on the Proof of Work (PoW) consensus mechanism, which enables miners to earn rewards for processing transactions and securing the network. Unlike Bitcoin and other traditional cryptocurrencies, 0xBitcoin does not use the SHA-256 hashing algorithm, but rather a modified version known as the Ethash algorithm, which is designed to be ASIC-resistant and more memory-intensive. This makes 0xBitcoin mining more decentralized, since it can be done with less expensive hardware. Additionally, 0xBitcoin utilizes a limited supply of 21 million coins, which is similar to Bitcoin, to ensure scarcity and create a deflationary effect.
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The 0xBitcoin protocol is based on the Proof of Work (PoW) consensus mechanism, which enables miners to earn rewards for processing transactions and securing the network. Unlike Bitcoin and other traditional cryptocurrencies, 0xBitcoin does not use the SHA-256 hashing algorithm, but rather a modified version known as the Ethash algorithm, which is designed to be ASIC-resistant and more memory-intensive. This makes 0xBitcoin mining more decentralized, since it can be done with less expensive hardware. Additionally, 0xBitcoin utilizes a limited supply of 21 million coins, which is similar to Bitcoin, to ensure scarcity and create a deflationary effect.
0xBitcoin (0xBTC) is a decentralized cryptocurrency built on the Ethereum blockchain. It is the first Ethereum-based ERC-20 token to be created through a process known as "mining". 0xBitcoin was launched in 2017 by a team of developers, led by former lead developer of Ethereum, Vitalik Buterin, with the mission to create a decentralized, trustless, and censorship-resistant currency.
The 0xBitcoin protocol is based on the Proof of Work (PoW) consensus mechanism, which enables miners to earn rewards for processing transactions and securing the network. Unlike Bitcoin and other traditional cryptocurrencies, 0xBitcoin does not use the SHA-256 hashing algorithm, but rather a modified version known as the Ethash algorithm, which is designed to be ASIC-resistant and more memory-intensive. This makes 0xBitcoin mining more decentralized, since it can be done with less expensive hardware. Additionally, 0xBitcoin utilizes a limited supply of 21 million coins, which is similar to Bitcoin, to ensure scarcity and create a deflationary effect.
Activity
Last price
$0.19
Change %
1.17%
Volume
91,866.66
Volume Change
0.17
Last Updated
12 Jan, 3:18 pm UTC
Size
Circulating Supply
9.71M
Total Supply
9.71M
Market Dominance
0.0002
Market Cap
$1.81M
Fully Diluted Market Cap
$3.91M
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