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.
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.
is a -based 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 capable of handling the full blockchain and keep the more decentralized.
Cryptonite is a decentralized payment network that needs computing power for 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 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 , 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 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 . Cryptonite's blockchain combines three major functions—to coordinate how the network processes transactions, to encapsulate the 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 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.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
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.
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.
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