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XCN
Exchange
USD
Market Cap
$1,038,989
24h Low / 24h High
$0.00265 / $0.00359
24 Hour Trading Volume
$800
Complete Metrics Score
Total23%
Major Exchanges Trading Activity
Liquidity1%
Source Code Repository Activity
Developer16%
Social Media & Discussion Board
Community20%
Market Cap $1,038,989
24h Low / 24h High $0.00265 / $0.00359
24 Hour Trading Volume $800
Complete Metrics Score
Total23%
Major Exchanges Trading Activity
Liquidity1%
Source Code Repository Activity
Developer16%
Social Media & Discussion Board
Community20%
XCN
Exchange
USD

Cryptonite (Overview)

About

Cryptonite is the first cryptocurrency to implement the mini-blockchain scheme. With the mini-blockchain, nodes will never spend days synchronizing with the network. Cryptonite also achieves smart coin distribution by adjusting the difficulty and the block reward every block. The dynamic max block size mechanism ensures that the transaction capacity of the network naturally grows over time.

Cryptonite had no pre-mine, no IPO and the difficulty adjustment algorithm is designed to adapt quickly and prevent instamines. The coins are distributed fairly over a long period of time, with half mined over a period of ten years. There was a month of public beta testing before release alongside a week of early pre-announcement.

Cryptonite also uses the M7 Proof-of-Work hashing algorithm which consists of the following algorithms: SHA-256, SHA-512, Keccak, RIPEMD, HAVAL, Tiger and Whirlpool.

Genesis Date July 28, 2014 (over 3 years)
Hashing Algorithm

M7

Hashrate
Block Time

1.0 Minute

Available/Total Supply

375 Million / 1.84 Billion