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Lynx Price (LYNX)
Lynx (LYNX)
$0.000139026084 4.2%
0.00000001 BTC 4.6%
291 people like this
$0.000118129010
24H Range
$0.000138953611
Market Cap ?
24 Hour Trading Vol $5.40
Circulating Supply ?
Total Supply 92,000,000,000
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LYNX
USD
USD

Lynx Price Chart (LYNX/USD)

Last updated 04:21PM UTC. Currency in USD.

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1h
24h
7d
14d
30d
1y
0.1%
4.2%
27.9%
-18.8%
-59.2%

LYNX Price Statistics

Lynx Price Today
Lynx Price $0.000139026084
24h Low / 24h High $0.000118129010 / $0.000138953611
7d Low / 7d High $0.000118589647 / $0.000214998657
Trading Volume $5.40
All-Time High $0.001212991266 -88.5%
Mar 14, 2021 (over 1 year)
All-Time Low $0.000000006212 2237876.8%
Jan 22, 2019 (over 3 years)

LYNX Price Today

Lynx price today is $0.000139026084 with a 24-hour trading volume of $5.40. LYNX price is up 4.2% in the last 24 hours. It has a circulating supply of 0 LYNX coins and a total supply of 92 Billion. If you are looking to buy or sell Lynx, Freiexchange is currently the most active exchange.

What was the highest price for Lynx?

Lynx hit an all time high of $0.001212991266 on Mar 14, 2021 (over 1 year).

What was the lowest price for Lynx?

Lynx had an all time low of $0.000000006212 on Jan 22, 2019 (over 3 years).

What was the 24 hour trading volume of Lynx?

The 24 hour trading volume of Lynx is $5.40.

Where can Lynx be traded?

You can trade Lynx on Freiexchange and Freiexchange. Popular trading pairs for Lynx in the market includes LYNX/USD, LYNX/CAD, LYNX/EUR, LYNX/PHP, LYNX/INR, and LYNX/IDR.

"Lynx was launched on 24 December 2017 by a team based in Charlotte, N.C., and aims to create a stable, eco-friendly platform for application developers to use for storing and verifying critical data. The open-source Lynx blockchain is used by the for-profit company, Logware, to store data where immutable transparency is a key factor (i.e IoT sensors, transaction receipts, data loss prevention) for both encrypted and plaintext application use cases.

At Lynx (which started as a downstream clone of Litecoin), the team believes that for blockchain to be considered a secure platform in today’s marketplace, it must be created with global sustainability in mind. As such, its business rules discourage high-volume mining hardware because the code purposefully lacks incentives to mine it for profit. In addition, the entire Lynx network is designed to operate on a collaboration of low power devices (like Raspberry Pis) that everyday, non-technical users can run, resulting in a collective global mining cost of only dollars a day. This includes mining the coin and confirming transactions.

To accomplish this, the lead technical designer created ‘Hybrid Proof of Work’ to solve four primary problems related to standard Proof of Work (PoW). First, PoW encourages competitive, profit-driven mining. Second, competitive, profit-driven mining demands the use of expensive, high-powered computer processing to secure the network. Third, expensive, high-powered processing power is a barrier to entry for individuals who want to participate by mining the coin. This creates a hierarchical and inequitable system based on who can afford high-powered mining hardware and the electrical costs associated with them, and as a result, few miners control the entire network. Fourth, mining farms are filled with mining hardware that consume an ever-growing amount of electricity.

Hybrid Proof of Work reportedly brings stability to Lynx and maintains network integrity because of:

The low cost to maintain mining hardware in the global Lynx network.
The low work output of discrete mining hardware in the global Lynx network.
The lilliputian impact to the global Lynx network upon acute mining hardware failure.
Additional technical information can be found in the latest version of the white paper (co-written by Ben Wilson and Dr. A. Carreiro, published on March 17, 2019.) It includes information about the basic coin parameters, the HPoW phases of activation, and the block validation process. The white paper also includes information for non-technical users."

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