Rank #12994
lynx Lynx
$ 0.00005877
0.098599 BTC
0.08599 satoshies
Market Cap
-
24 Hour Trading Vol
235.0005973 $
Circulating Supply
-
Total Supply
92,00 BN.
Max Supply
-
Fully Diluted Valuation
2,67 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
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-
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Lynx Price Statistics
0.00005877 $
0.05432 $ / 0.00006124 $
235.0005973 $
#12994
0.001212 $
-95.15%
14 March, 2021, (4 years ago)
0.086211 $
945,972.11%
22 January, 2019, (7 years ago)
Lynx Performance
Trading Pair
day
week
month
lynx
/
usd
-0.82%
26.3%
52.19%
lynx
/
btc
-0.82%
26.3%
52.19%
lynx
/
eth
-0.82%
26.3%
52.19%
About Coin
"Lynx was launched on 24 December 2017 by a team based in Charlotte, N.C., and aims to create a stable, eco-friendly platform for application developers to use for storing and verifying critical data. The open-source Lynx blockchain is used by the for-profit company, Logware, to store data where immutable transparency is a key factor (i.e IoT sensors, transaction receipts, data loss prevention) for both encrypted and plaintext application use cases.
At Lynx (which started as a downstream clone of Litecoin), the team believes that for blockchain to be considered a secure platform in today’s marketplace, it must be created with global sustainability in mind. As such, its business rules discourage high-volume mining hardware because the code purposefully lacks incentives to mine it for profit. In addition, the entire Lynx network is designed to operate on a collaboration of low power devices (like Raspberry Pis) that everyday, non-technical users can run, resulting in a collective global mining cost of only dollars a day. This includes mining the coin and confirming transactions.
To accomplish this, the lead technical designer created ‘Hybrid Proof of Work’ to solve four primary problems related to standard Proof of Work (PoW). First, PoW encourages competitive, profit-driven mining. Second, competitive, profit-driven mining demands the use of expensive, high-powered computer processing to secure the network. Third, expensive, high-powered processing power is a barrier to entry for individuals who want to participate by mining the coin. This creates a hierarchical and inequitable system based on who can afford high-powered mining hardware and the electrical costs associated with them, and as a result, few miners control the entire network. Fourth, mining farms are filled with mining hardware that consume an ever-growing amount of electricity.
Hybrid Proof of Work reportedly brings stability to Lynx and maintains network integrity because of:
The low cost to maintain mining hardware in the global Lynx network.
The low work output of discrete mining hardware in the global Lynx network.
The lilliputian impact to the global Lynx network upon acute mining hardware failure.
Additional technical information can be found in the latest version of the white paper (co-written by Ben Wilson and Dr. A. Carreiro, published on March 17, 2019.) It includes information about the basic coin parameters, the HPoW phases of activation, and the block validation process. The white paper also includes information for non-technical users."
What is the highest value Lynx (LYNX) has ever reached?
Lynx (LYNX) reached its peak price at 0.001212 $ on 14 March 2021, approximately 4 years ago ago. Presently, the current price is -95.15% lower than this all-time high.
What is the historical minimum price for Lynx (LYNX)?
The minimum price reached for Lynx (LYNX) was 0.086211 $, documented on 22 January 2019, more than 7 years ago. In comparison, the current price is 945,972.11%, it above this historical low.
What is the fully diluted valuation of Lynx (LYNX)?
The fully diluted valuation (FDV) of Lynx (LYNX) stands at $ 2,67 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of LYNX tokens. The realization of this FDV might take several years depending on the emission schedule of LYNX tokens.
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