Whitecoin enhanced its market price after it transitioned from a Proof of Work coin to a Proof of State coin with a two-percent annual stake interest. While in the Proof of Work phase, the XWC coin price was initialized when multi-pools mined large quantities of the Proof of Work blocks and sold them on various currency exchanges, distributing the XWC coins to many marketplaces. Whitecoin ran into problems when in 2014, errors in the Whitecoin code were discovered. As a result, a 51% attack occurred, allowing hackers to steal over 30 BTC from the MintPal Exchange. Whitecoin was rebranded into a decentralized global blockchain focused on cyber security, payments, and completely secure communications for all users. The new Whitecoin hopes now to ensure stability, growth, and compelling technological developments in the future.
|Genesis Date||April 14, 2014 (almost 4 years)|
|Hashing Algoritm||Proof of Stake|
|Block Time||1.5 Minute|
No Recent News
|Paxos Standard Token (PAX)||$1.013886||-0.26%|