LimeWire
Current price
$0.009669
−3.89%24h
LiveUpdated 35s ago
TodayLimeWire falls 3.9%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.59%
- 24 hours−3.89%
- 7 days−5.68%
- 30 days−4.10%
- 1 year−84.57%
LimeWire's move in context
Lagging the market today
−3.89% today against −3.26% for the market as a whole, a gap of 0.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−5.7% over 7 days and −4.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About LimeWire
Overview
LimeWire is a cryptocurrency designed to bridge the gap between the digital music industry and blockchain technology. Its core mission is to create a decentralized platform that empowers artists and music lovers alike, enabling direct interactions without intermediaries. LimeWire aims to redefine how music is distributed, consumed, and monetized, ensuring that artists receive fair compensation for their work. What sets LimeWire apart from other cryptocurrencies is its focus on the music sector, leveraging blockchain’s transparency and security features to verify ownership and ensure that payments go directly to creators.
Technical Features
LimeWire operates on a unique hybrid consensus mechanism, combining elements of Proof of Stake (PoS) and Delegated Proof of Stake (DPoS). This dual approach enhances security and scalability while reducing energy consumption associated with mining. The network architecture is designed to support a high volume of transactions, making it suitable for real-time music streaming and purchases. LimeWire employs state-of-the-art cryptographic techniques to secure transactions and user data, ensuring that digital rights management is enforced on all music tracks traded on the platform. Additionally, the platform utilizes smart contracts to automate royalty payments and licensing agreements, streamlining processes that traditionally involve extensive bureaucracy.
Use Cases
The primary use cases for LimeWire focus on decentralized finance (DeFi) within the music industry, governance in the form of community-driven decision-making, and facilitating non-fungible tokens (NFTs) for artists. LimeWire allows musicians to tokenize their work, providing them with the ability to sell unique music tracks as NFTs, which can be traded or auctioned. Furthermore, the cryptocurrency supports cross-border payments, allowing fans to directly support their favorite artists globally. Smart contracts enable transparent and automated revenue sharing, ensuring artists receive their rightful share from every transaction in real-time.
Development Background
LimeWire was originally established in the early 2020s by a group of music industry veterans and blockchain developers who recognized the potential of combining these two worlds. The platform gained significant support from both music labels and independent artists. Notable events in its history include the launch of its mainnet and collaborations with various blockchain organizations that have contributed to its ecosystem. These partnerships have provided vital resources for development and market penetration, solidifying LimeWire’s position in the cryptocurrency landscape.
Community and Ecosystem
The LimeWire community is vibrant and diverse, comprising artists, music fans, developers, and investors. The ecosystem includes a range of decentralized applications (dApps) built around music distribution, artist promotion, and fan engagement. LimeWire has established partnerships with music festivals, streaming platforms, and other blockchain projects, fostering an environment of innovation and collaboration. Community governance allows token holders to participate in decision-making processes, further engaging users in the platform’s evolution. The active development support from its contributors ensures continued growth and enhancement of the LimeWire platform.
Future Potential
The future potential of LimeWire is promising, with ongoing developments aimed at enhancing user experience and expanding functionalities. As the demand for decentralized platforms grows, LimeWire is well-positioned to capitalize on trends in digital music consumption and ownership. Upcoming features include integrating advanced analytics for artists, expanding NFT offerings, and improving the platform’s UI to streamline user interactions. With a robust roadmap that emphasizes community-driven initiatives and ongoing technological upgrades, LimeWire seeks to significantly impact not only the cryptocurrency world but also the broader music industry.
LimeWire market
- Position by market cap among the coins we track.
- #390
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $3.41M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.009629High $0.0101
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.78
- Now 1% of itReached 3 Apr 2024 · Needs +18,320% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 352.61M LMWR
- 35% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 828.05M LMWR
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B LMWR
- The most coins that can ever exist. Some coins have no limit.
LimeWire converter
1 LimeWire = $0.009669
