Onyxcoin
Current price
$0.004087
−7.22%24h
LiveUpdated 25s ago
TodayOnyxcoin drops 7.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.47%
- 24 hours−7.22%
- 7 days−7.74%
- 30 days−7.23%
- 1 year−56.29%
Onyxcoin's move in context
Lagging the market today
−7.22% today against −3.27% for the market as a whole, a gap of 3.9 points. A gap this wide suggests something specific to Onyxcoin may be moving it, not just the market mood.
Part of a slide
−7.7% over 7 days and −7.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Onyxcoin
Overview
Onyxcoin is a revolutionary cryptocurrency that aims to provide a decentralized and secure platform for digital transactions and asset management. Designed with a mission to empower individuals and businesses through financial autonomy, Onyxcoin sets itself apart with its focus on privacy, scalability, and user-friendliness. Its core purpose is to facilitate seamless and efficient transactions while ensuring that user data remains protected. The distinguishing features of Onyxcoin include its robust encryption protocols, fast transaction speeds, and low fees, making it an attractive option for users in various financial contexts.
Technical Features
Onyxcoin operates on a hybrid consensus mechanism that combines Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT). This dual approach enhances security while ensuring that the network can execute transactions swiftly and efficiently. The blockchain architecture of Onyxcoin is designed to be scalable, allowing thousands of transactions per second without compromising security. Utilizing advanced cryptography, Onyxcoin employs a unique algorithm that fosters privacy by obfuscating transaction details while still enabling verifiable proof of transactions. Smart contracts on the Onyxcoin platform are executed in a secure environment, allowing for the creation of decentralized applications (dApps) that can interact seamlessly with the Onyxcoin ecosystem.
Use Cases
Onyxcoin has a diverse range of applications, particularly in decentralized finance (DeFi), where it can be used for lending, borrowing, and yield farming. Its privacy-focused features make it a strong candidate for transactions requiring confidentiality, thus appealing to users involved in high-stakes businesses. Additionally, Onyxcoin can facilitate cross-border payments, enabling users to send money globally with minimal fees and delays. The cryptocurrency also supports governance mechanisms, allowing holders to vote on network changes and project implementations, fostering a community-driven environment. Furthermore, Onyxcoin has potential applications in the non-fungible token (NFT) marketplace, providing a secure and efficient means to create, buy, and sell digital art and collectibles.
Development Background
Onyxcoin was initially launched in 2020 by a group of blockchain developers and financial experts who recognized the need for a more user-centric cryptocurrency. Its development has been bolstered by collaborations with technology firms and strategic partnerships within the crypto space. A noteworthy milestone in Onyxcoin's journey was the launch of its mainnet, which occurred in mid-2021 and marked a significant step towards enhancing its capabilities and user accessibility. Since then, Onyxcoin has rolled out several updates that focus on improving transaction speed and security while expanding its user base and community engagement.
Community and Ecosystem
The Onyxcoin community is vibrant and engaged, comprising developers, investors, and everyday users who contribute to its ecosystem. The project has established partnerships with various fintech companies and blockchain platforms, enabling integrations that enhance its utility and reach. Moreover, several projects built on the Onyxcoin blockchain leverage its smart contract functionality to create innovative applications tailored to different industries. Active social media presence and community forums provide platforms for discussion, feedback, and development collaborations, fostering a strong sense of belonging among users.
Future Potential
Looking ahead, Onyxcoin is poised to have a substantial impact on the cryptocurrency landscape. Its roadmap includes the introduction of more advanced features, such as layer-2 solutions to improve scalability further and enhance transaction speed. Additionally, Onyxcoin plans to expand its interoperability with other blockchains, which could open up new avenues for collaboration and innovation. As the demand for privacy-centric and user-friendly cryptocurrencies continues to grow, Onyxcoin's unique attributes position it well to capture market share and benefit from emerging trends in decentralized finance and blockchain technology.
Onyxcoin market
- Position by market cap among the coins we track.
- #146
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $141.12M
- 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 $0.00397High $0.004464
- 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.
- $0.1841
- Now 2% of itReached 27 May 2022 · Needs +4,405% 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.
- 34.53B XCN
- 1,608% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 48.4B XCN
- 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.
- 2.15B XCN
- The most coins that can ever exist. Some coins have no limit.
Onyxcoin converter
1 Onyxcoin = $0.004087
