Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process.
As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it.
It looks very much like a variation of Sunny King Peercoin.
Where is Novacoin available for purchase?
You can exchange NVC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Novacoin is XeggeX, notably the NVC/USDT pair, which saw a trading volume of $ 22.51 in the past day.
What is the highest value Novacoin (NVC) has ever reached?
Novacoin (NVC) reached its peak price at 26.13 $ on 29 November 2013, approximately 12 years ago ago. Presently, the current price is -99.92% lower than this all-time high.
What is the historical minimum price for Novacoin (NVC)?
The minimum price reached for Novacoin (NVC) was 0.006494 $, documented on 14 June 2022, more than 3 years ago. In comparison, the current price is 202.37%, it above this historical low.