HiCoin is a Pos (proof-of-stake) Internet currency that enables instant, near-zero cost payments to anyone in the world, reads on their official websi
HiCoin is a Pos (proof-of-stake) Internet currency that enables instant, near-zero cost payments to anyone in the world, reads on their official website xhicoin.com.
HiCoin is a mining cryptocurrency coin with 10 billion digits issued by a distributed processing database. It is based on the blockchain algorithm and has an integrated exchange, payment solution and ATM system with a wallet, writes on xhicoin.com.
Registered on c-cex.com, HiCoin has the second largest cryptocurrency trading volume after Bitcoin. It cooperates with shopping malls in China, Thailand and America, where HiCoins are accepted as a way of payment.
According to xhicoin.com, Hicoin is open-source, meaning that it has public design. The cryptocurrency is not owned by anybody and everyone can take part in the HiCoin network.
Also, HiCoin is said to be more energy-efficient than traditional digital currency networks.
As for Wallet encryption, it allows users to secure their wallets. Thus, they can view their transactions and account balance. However, it is necessary for them to enter a password before spending Hicoins.
“This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. Look for hicoin in more point of sale applications soon with recent addition to merchant services.”, explains xhicoin.com.
The chart below provides a closer look at HiCoin`s specifications (source: xhicoin.com):
/ POS INTEREST: PoS (Proof-of-Stake) 5% yearly (from non-reserved wallet balance)
/ ALGORITHM: Scrypt
/ SYMBOL: XHI
/ BLOCK TIME: 60 sec
/ LAST POW BLOCK: 3600
/ TOTAL MONEY SUPPLY: 10,000,000,000 XHI
/ BLOCK REWARD: BLOCKS 1-10 (premine): each 1,000,000,000 XHI / BLOCKS 11~3600: 100 XHI
/ COIN POS AGE: Min. 1 hour / Max. unlimited
/ RPC PORT: 35288 (testnet 45288)
/ P2P PORT: 35289 (testnet 45289)
/ Coin maturity: 100 confirmations
As of January 18 HiCoin has a market cap of $ 645,423 and an available supply of 189,729,990 XHI, according to coinmarketcap.com.