The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
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Cryptonite is not supported by Coinbase.
Market cap
-
Volume (24h)
-
Circulating supply
-
All time high
$0.0900
Price change (1h)
0%
Price change (24h)
-0.13%
Price change (7d)
-3.8%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Cryptonite has fallen by 3.80% in the past 7 days. The price declined by 0.13% in the last 24 hours. In just the past hour, the price shrunk by 0.00%. The current price is $0.000262 per XCN. Cryptonite is 99.71% below the all time high of $0.0900.
The current circulating supply is 0 XCN.
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Cryptonite is a blockchain-based cryptocurrency that first executed the lightweight mini-blockchain scheme. A mini-blockchain scheme is a project created for maximum scalability, achieved by addressing the issues of blockchain bloat and offering a solution that allows all old transactions to be forgotten by the network after they become obsolete. The scheme helps eliminate the need for this network to become increasingly centralized only by nodes capable of handling the full blockchain and keep the mining more decentralized.
Cryptonite is a decentralized payment network that needs computing power for minting new coins. The platform allows its users to send currencies worldwide at any time using the internet, much like an email. The network addresses are used similarly to email addresses for receiving and sending payment. The asset aims to create an open market of top crypto-currencies where competition can thrive. Cryptonite is the first altcoin to undertake withdrawal limits that allow users to set a limit on how many coins can be sent. The platform supports micro-transactions and custom transaction messages.
As per its whitepaper, the founding team of Cryptonite noticed scalability issues in the blockchain. The current blockchain is too massive and never stops growing, which increases the size of each block and lifts the transaction rates. Hence, the platform aims to eliminate the need for a full blockchain by unlinking transactions and allowing every transaction to be discarded after a while, which helps remove the script from the protocol. Cryptonite's blockchain combines three major functions—to coordinate how the network processes transactions, to encapsulate the proof-of-work that secures the network, and to manage account balances and record the coins' ownership. The network uses a self-contained balance sheet named “account tree” to maintain address balances despite using transactions to derive address balances. The balance in any of the addresses can easily be checked without a lot of computational effort. The final balance of every address in the network is also stored in the account tree, and every node present in the network keeps a copy of such an account tree. The cryptographic properties of the account tree tool make sure of the agreement and integrity between the nodes about which version of the account tree is valid.
XCN is the native and utility token of Cryptonite. The token is used for the transaction purposes and users can generate these tokens through mining.
J.D. Bruce is the project founder of Cryptonite. Other founding team members include Pallas (lead developer), Sam A. (support developer), Catia (the original developer), and Aaaxn (technical advice). J.D. Bruce released Revised version 2 of its whitepaper in July 2014 and a version 3 of its whitepaper in March 2017.
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Conversion Table
XCN/USD (United States Dollar)
$0.000262
XCN/CAD (Canadian Dollar)
CA$0.000355
XCN/GBP (British Pound)
£0.000216
XCN/JPY (Japanese Yen)
¥0.0391
XCN/INR (Indian Rupee)
₹0.0219
XCN/BRL (Real)
R$0.0013
XCN/EUR (Euro)
€0.000248
XCN/NGN (Nigerian Naira)
NGN 0.21
XCN/SGD (Singapore Dollar)
S$0.000359
The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
Read more
Decrypt • Sep 25, 23
Solana Friend.tech Fork Friendzy Volume Edges Towards $1M After Just One Week
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The Block • Sep 25, 23
MicroStrategy buys 5,445 additional bitcoins for $147 million
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CoinDesk • Sep 25, 23
MicroStrategy Bought 5,445 Bitcoin for $150M Since August
The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.
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BeInCrypto • Sep 25, 23
Cardano (ADA) Claims Top Spot in Crypto Development Activity
Cardano now ranks #1 globally in Developer activity as the team ramps up efforts to compete with emerging L2 networks. Will ADA price react? Cardano now ranks #1 globally in Developer activity as the team ramps up efforts to compete with emerging L2 networks. Will ADA price react?
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We update our Cryptonite to USD currency in real-time. Get the live price of Cryptonite on Coinbase.
The current market cap of Cryptonite is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Cryptonite is $0.0900. This all-time high is highest price paid for Cryptonite since it was launched.
Over the last 24 hours, the trading volume of Cryptonite is $0.00.
Assets that have a similar market cap to Cryptonite include CAD Coin, RAKHI, Bob LION Inu, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Cryptonite is 0.
No, Cryptonite is not currently available on Coinbase, but you can sign up to get the latest news on Cryptonite and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.