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About Primecoin

Primecoin (XPM) is an innovative cryptocurrency, a digital currency secured through cryptography and issued via a decentralized mining market. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the platform collectively carries out the issue of funds and managing transactions.

The platform is derived from Bitcoin, which utilizes a unique mechanism based on prime numbers and scientific computing. The mechanism also enables the platform to process payment transactions at a great pace. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the issue of money and managing transactions are collectively carried out by the platform.

The Primecoin network utilizes a proof-of-work mechanism that provides security and minting to the network. Minting refers to validating information, creating a new block, or recording data on the blockchain. The mechanism also generates a unique form of special prime number chains of interest to the mathematical research, and the network becomes more energy-multiuse. 

XPM is the official cryptocurrency of the Primecoin platform. The user can mine XPM tokens and trade the tokens with trustworthy markets. The user has to download and install the Primecoin wallet to the PC or Linux computer to start mining the coins.

The Prime chain is also connected to the block hash function to ensure the security property of Bitcoin. At the same time, a simultaneous scheme of difficulty evaluation allows the prime chain to act as adjustable-difficulty, proof-of-work in a cryptocurrency. Furthermore, work needs to be verified by all the nodes in the network to act as proof-of-work for cryptocurrency. The primes should not be too large as it becomes harder to find a prime chain as the chain length increases. Therefore, the Primecoin utilizes a Cunningham chain of the first and second kind, and bi-twin chain and the primes in the prime chain are subjected to maximum size protocol, which ensures efficient verification through all nodes.

As per its whitepaper published on July 7th, 2013, Sunny King is the official founder of the Primecoin platform.

Market

Portugal Market Stats

Market cap

€1.1M

Volume (24h)

€418.54

Circulating supply

49.3M XPM

All time high

€7.08

Price change (1h)

+0.33%

Price change (24h)

+1.73%

Price change (7d)

-13.74%

Portugal News about Primecoin

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The Block • May 02, 24

Beginner’s guide to cryptocurrency trading: different order types

Entering the world of cryptocurrency trading requires understanding various order types that can significantly impact a trader's strategy.

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BeInCrypto • May 02, 24

Bitcoin (BTC) Breakout Above $73,000 Likely Despite Correction

Bitcoin's price at the time of writing, is recovering from the recent decline, however, by the looks of it, the cryptocurrency is still noting a long-term bullish projection.The post Bitcoin (BTC) Breakout Above $73,000 Likely Despite Correction   appeared first on BeInCrypto.

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The Block • May 02, 24

LayerZero Labs finalizes initial snapshot for potential airdrop

LayerZero Labs has completed the first snapshot apparently related to a potential airdrop distribution to community members.

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Unchained • May 02, 24

MicroStrategy to Launch Bitcoin-Based Decentralized Identity Solution

MicroStrategy, the Nasdaq-listed software company that made headlines for the first multi-million dollar purchase of bitcoin on a corporate balance sheet, is getting more involved in the Bitcoin ecosystem.  In a presentation at the MicroStrategy World conference in Las Vegas, Michael Saylor, the ...

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Unchained • May 02, 24

Aave Labs Unveils V4 Upgrade Proposal, Introducing a Unified Liquidity Layer and ‘Fuzzy’ Rates

Aave Labs, the entity behind one of the largest decentralized lending protocols Aave, has released a series of governance proposals that would determine how an upcoming version of its protocol — Aave V4 — will be built.  In a post on the governance forum on Wednesday, Aave Labs released a ...The ...

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Primecoin is on the decline this week.

The price of Primecoin has increased by 0.33% in the last hour and increased by 1.73% in the past 24 hours. Primecoin’s price has also fallen by 13.74% in the past week. The current price is €0.0216 per XPM with a 24-hour trading volume of €418.54. Currently, Primecoin is valued at 99.69% below its all time high of €7.08. This all-time high was the highest price paid for Primecoin since its launch.

The current circulating supply of Primecoin is 49,294,553.802 XPM which means that Primecoin has as total market cap of 49,294,553.802.

FAQ

What is the current price of Primecoin?

We update our Primecoin to EUR currency in real-time. Get the live price of Primecoin on Coinbase.

What is the market cap of Primecoin?

The current market cap of Primecoin is €1.06M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Primecoin?

The all-time high of Primecoin is €7.08. This all-time high is highest price paid for Primecoin since it was launched.

What is the 24 hour trading volume of Primecoin?

Over the last 24 hours, the trading volume of Primecoin is €418.54.

What other assets are similar to Primecoin?

Assets that have a similar market cap to Primecoin include Mars Token, Internet of Energy Network, Crust Shadow, and many others. To see a full list, see our comparable market cap assets.

How many Primecoin are there?

The current circulating supply of Primecoin is 49 million.

Can I buy Primecoin on Coinbase?

No, Primecoin is not currently available on Coinbase, but you can sign up to get the latest news on Primecoin and be notified when it gets added to our exchange.