Whitecoin in a nutshell

//Whitecoin in a nutshell

Whitecoin in a nutshell

Whitecoin in a nutshell

Whitecoin (XWC) is a cryptocurrency launched in early 2014 focused on innovative solutions to securely manage and make transactions. XWC is a proof-of-stake based coin driven by an active community of volunteers.

Helpful resources

Official Social Media

What is unique about Whitecoin?

Whitecoin is a community run project that’s been around since 2014. The reason for XWC (relatively) long lifecycle is because of this community-centric approach. Whether that’s a fundraising campaign to get listed on a new exchangeor organizing a conference in Shanghai.

Developers work on features and tools that the community ask for which has resulted in some innovative tools. Like WhiteNode, a lightweight wallet that can run on a Raspberry Pi or WhiteOS a plug-and-play OS to keep a cold storage wallet on a USB stick.

What is Proof of Stake (POS) and staking?

Whitecoin can’t be mined like for example Bitcoin (aka Proof of Work) but is instead based on staking. By keeping your wallet ‘open’ you help secure the network. As a reward, you can receive a stake of 5 XWC every 60 seconds. The more coins you have the bigger the chance of a stake is. It can be compared to receiving interest on your coins.

Where can I buy Whitecoin?

Whitecoin is traded on a dozen different exchanges. This includes Bittrex, ZB.com, Lbank, Stocks.exchange and FreiExchange. Bittrex being the most popular of the markets. You can find an up-to-date list on the official website.

By | 2018-07-19T10:08:11+00:00 July 19th, 2018|General|0 Comments

About the Author:

I'm a member of the Whitecoin team since 2014. As long as there is a community i'll keep on developing.