Novacoin NVC
1. Summary
- Description
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Novacoin Description
Novacoin Description
Novacoin is a decentralized peer-to-peer cryptocurrency that utilizes a hybrid consensus mechanism, combining both Proof of Work (PoW) and Proof of Stake (PoS) for securing and verifying transactions.
Proof of Work (PoW)
The PoW part of Novacoin is based on the Scrypt hashing algorithm, where miners using high-performance computing power solve complex mathematical equations to validate transactions and add new blocks to the blockchain. This process enables a high level of security as it becomes extremely difficult to tamper with transactions without controlling a significant portion of the total mining power.
Proof of Stake (PoS)
In addition to PoW, Novacoin also employs Proof of Stake (PoS), where network participants can create and validate new blocks by staking a certain amount of Novacoin tokens. This mechanism contributes to the energy efficiency of Novacoin, as it eliminates the need for extensive mining power investment like in PoW. Validators are incentivized to act honestly, as they can lose their staked tokens if they engage in malicious activities.
Key Features
- Token Cap: Novacoin has a current cap of 2 billion coins, but this limit may be lifted in the future if necessary.
- Cryptocurrency Symbol: NVC
Hybrid Consensus Benefits
By combining both PoW and PoS, Novacoin achieves a balance between high-security validation and low-energy consumption. This approach allows the network to handle transactions efficiently while maintaining a robust defense against potential attacks.
| Price | |
| 52W High price | $1.22 |
| 52W High date | 27th Dec 2023 (10 months ago) |
| All Time High (ATH) Date | 29th Nov 2013 (10 years ago) |
| ATH Price | $26.13 |
| % From ATH | -99.91% |
| All Time Low (ATL) Date | 14th Jun 2022 (2 years ago) |
| ATL Price | $0.006494500000 |
| % From ATL | 257.77% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2.00 |
NVC
How does Novacoin's (NVC) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
11.9%
NVC
25.9%
Similar Market Cap
60 Day Return
8.2%
NVC
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Similar Market Cap
1 Year Return
-29.5%
NVC
-
Similar Market Cap
We're monitoring 4 Novacoin GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Novacoin Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 112
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 0 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 0 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 0 |
| Past week | 0 |
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| Past 12 weeks | 0 |
| Past year | 0 |
Top Developers 2024
In total, 2 developers have contributed to Novacoin over the past year. Who are the most active Novacoin developers, by commits, over the past year?
Related Projects
Developers working on Novacoin also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 187 |
|---|---|
| Active Reddit Users (past 24h) | 4 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 247 |
| Twitter followers | 945 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://novaco.in |
|---|---|
| Explorer | https://explorer.novaco.in |
| @Novacoin_NVC | |
| /r/novacoin |
Has Novacoin been audited for security?
No security audits found for this project.
Are you the owner of Novacoin? Edit it here
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