Chaincoin is a leading cryptocurrency designed for instant secure transactions. It is backed by one of the largest worldwide community networks in the digital currency. Chaincoin is a user-friendly cryptocurrency platform that will be easier to use than transacting with any local bank. Users can put in money, pull out and spend their money without any hassle. The best part is Chaincoin is accessible and can be used 24/7 for monetary transactions. Money can be sent anywhere and anytime. As monetary transactions happen outside traditional banking systems and channels, users can have more freedom over the use of their funds when compared to conventional banking and financial services.
One of the key features of the Chaincoin platform is the Project X Chain. While most of the blockchain networks claim to be decentralized, their key services that are used in the real world are actually centralized. With Project X-Chain Chaincoin will aim to create a truly decentralized ecosystem. They aim to achieve this by chaining together many blockchains and by offering an in-wallet exchange. The experience of the community in terms of value exchanges can be improved further by using this technology. This can also help in the development of many applications.
Chaincoin can only be created by GPU/CPU mining. It cannot be produced through pre-mining. The block time is approximately 90 seconds. There are around 23 million coins available of which 45 percent of the reward is given to Masternodes. Chaincoin Masternode operators provide Instant and Private Send functionality and are remunerated for their services. The governance protocol of the cryptocurrency is where interested parties can participate in the decentralized decision making. Anyone interested in the currency can participate in its governance.
According to the developers of Chaincoin, the main objectives of the platform that will guide their future efforts and moves are decentralization, onboarding, control, spending, community, and rewards. Users can get smart and attractive rewards by being a miner or by becoming a Mastercode owner of Chaincoin. They are committed to ensuring the welfare and profitability of the community.
In 2017, Chaincoin carried out various fixes and improvements based on Bitcoin and its soft forks. The development subsidy and budgeting update are also in progress. They will be making a splash on social media in 2018 to increase their presence plus improvements to Masternode and a high volume exchange campaign is also on the anvil.
The total supply of CHC, the token associated with Chaincoin is 16,302,838 while the coins in circulation are 14,273,141. The market cap of CHC is %5,011,071. It is presently trading at $0.351084.
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