Novacoin is an open-source and dual-consensus blockchain that is built using the Peercoin code base (which itself is a Bitcoin fork). However, Novacoin has made a few notable changes, including a different emission model, a different hashing function, BIP34 implementation, and a new block signing protocol (which in turn supports p2pool functioning). The Proof-of-Work consensus is used to securely mint the Novacoin cryptocurrency, and the Proof-of-Stake consensus is used to power transactions and the emission of minted coins. Blocks of the two different consensuses are different, but both users that mine on Proof-of-Work and users that stake on Proof-of-Stake receive block rewards. Using CoinPayments, merchants can accept Novacoin for just a 0.50% fee.
Novacoin (NVC) is the digital coin that can be minted and sent peer-to-peer across its hybrid blockchain.
|Market Cap||$1.24 M|
|Current Supply||2.34 M|
|Total Supply||2.34 M|