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Price
$0.0130
9/27/2022, 2:58:37 PM
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Market

Market stats

Market cap

$299,034.39

Volume (24h)

$21.80

Circulating supply

22.9M TRC

All time high

$1.89

Price change (1h)

-0.02%

Price change (24h)

-1.17%

Price change (7d)

+6.77%

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Terracoin is on the rise this week.

The price of Terracoin has risen by 6.77% in the past 7 days. The price declined by 1.17% in the last 24 hours. In just the past hour, the price shrunk by 0.02%. The current price is $0.013036 per TRC. Terracoin is 99.31% below the all time high of $1.89.

The current circulating supply is 22,935,396.43 TRC.

About

What Is Terracoin (TRC)? 

Terracoin (TRC) is one of the very first cryptocurrencies to come into existence. Unlike traditional currencies, TRC is decentralized, which means there is no central authority. The Terracoin Foundation is committed to helping the world through donations. The decentralized governance allows master node owners to control the future of TRC.

Terracoin is a community with a common aim of helping everyone around the world. Terracoin can be mined using the SHA256 algorithm. SHA256 is part of the SHA 2 family of algorithms, where SHA stands for Secure Hash Algorithm. Although SHA256 is relatively expensive and extremely energy inefficient, the Terracoin Foundation decided to keep this mining method and increase merge mining to retain their loyal traditional miners. Merged mining allows people with ASIC (Application Specific Integrated Miners) miners to mine various coins at once, including bitcoin. This makes the environmental impact almost zero, as the energy and effort are already being used. An ASIC miner is a computerized device or hardware that uses an ASIC for the sole purpose of "mining" the digital currency.

The core principle of the Terracoin Foundation is to improve the world while improving its blockchain technology. Any node owner can make suggestions to the decentralized governance to help their local charities or residents. When TRC is held at $1 for a month, Terracoin Foundation master nodes use half of their net profit to donate to community-selected global non-profits. The other half of the net profit gets converted into more master nodes owned by the Terracoin Foundation to increase the amount that can be donated each month.

Anyone can donate TRC to the donation address, and this TRC becomes more Terracoin Foundation master nodes. The goal of the non-profit side of the Terracoin Foundation is to cut out the middlemen in philanthropy and create a fast-response team that can respond to crises around the world and help in a real and impactful way. Since the platform uses a public ledger and blockchain technology, all Terracoin Foundation disbursements are transparent.

History of Terracoin (TRC)

Terracoin was created on October 26, 2012, by an anonymous developer, making Terracoin one of the old coins around. The Terracoin Foundation took over the development and support of the platform on February 13, 2016. 

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FAQ

What is the current price of Terracoin?

The price of 1 Terracoin currently costs $0.0130.

What is the market cap of Terracoin?

The current market cap of Terracoin is $299.03K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Terracoin?

The all-time high of Terracoin is $1.89. This all-time high is highest price paid for Terracoin since it was launched.

What is the 24 hour trading volume of Terracoin?

Over the last 24 hours, the trading volume of Terracoin is $21.80.

What other assets are similar to Terracoin?

Assets that have a similar market cap to Terracoin include Etherparty, Trittium, Digital Insurance Token, and many others. To see a full list, see our comparable market cap assets.

How many Terracoin are there?

The current circulating supply of Terracoin is 23 million.

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