What is WhiteCoin? WhiteCoin is a blockchain project that focuses on technologies such as interoperability, anonymity, and smart contracts. In this article, you can access answers to frequently asked questions such as what is WhiteCoin, what it offers, what is WXC, and how to get it. cryptocoin.com We have prepared it for our readers. Let’s look at the project together.
What is WhiteCoin?
WhiteCoin is a very old Blockchain project in the cryptocurrency space. The project was launched in April 2014 without holding an ICO. Since then, the network has developed itself in many areas. WhiteCoin’s core areas of work include interoperability, smart contracts, and privacy. Accordingly, the platform uses a technology called MTBPC to support the multi-chain ecosystem. Thus, users in the ecosystem can purchase ETH, BTC, LTC, EOS, etc. It can connect to many networks.
In addition, WhiteCoin allows its users to perform anonymous transactions with the help of Tor. When users of the project perform a transaction, TOR redirects those transactions, hiding data such as the actual IP address. Finally, the network also allows users to create blockchain products such as tokens and NFTs. With the project using Turing smart contracts, users have the opportunity to create their own NFTs and transfer them within the multi-chain ecosystem.
What does WhiteCoin offer?
Some of the products that WhiteCoin offers include White Wallet, a crypto wallet, and WhiteOS, an operating software. In addition to these, the project hosts some other features such as MTBPC which supports multi-chain. According to his website, White uses a consensus mechanism called Random Proof-of-Stake (RPOS). Thanks to this mechanism, the network works faster than Bitcoin and Ethereum. White generates 1 block every 6 seconds. Thus, it achieves a high speed of 10,000 TPS.
In addition to its speed, WhiteCoin is a completely community-run project. In other words, the network is decentralized and open-sourced, and there is no foundation behind it. White uses Turing smart contracts with its fast and multi-chain structure. It allows users to create various Blockchain products such as tokens, NFT, dApp, DeFi applications. XWC coin powers all these transactions and more.
What is XWC coin? What does it do?
XWC coin is the native cryptocurrency of the WhiteCoin ecosystem. This cryptocurrency is also an altcoin as it works on its own network. Users need XWC coin to perform various transactions within the ecosystem. So XWC coin powers the WhiteCoin network. Accordingly, you need to pay with altcoins to perform multi-chain transactions on the network. There is also a gas fee that you have to pay in XWC coin to run Turing smart contracts.
XWC coin works with the Random Proof-of-Stake consensus mechanism. This consensus mechanism has validators instead of miners. Accordingly, XWC holders lock their assets into certain staking smart contracts with a certain maturity. When maturity expires, holders earn additional XWC rewards. The amount of crypto money earned varies in proportion to the number of tokens locked and the length of the maturity.
What is WhiteCoin? How to get XWC?
If you are interested in WhiteCoin, there are some cryptocurrency exchanges where you can buy XWC coin. These exchanges are MEXC, XT.COM and Bittrex. To purchase the token, you must be a member of one of these exchanges and verify your account. Next, you must deposit an asset in your wallet that is eligible for XWC coin pairs. After doing these, you can buy the altcoin and make transactions.
