$0.004101
-0.0001369 (-3.23%)24H
Onyxcoin price, last 12 months
0.01020.0041010.002888
Onyxcoin market data
- 24H High
- $0.004311
- 24H Low
- $0.004097
- 24H Volume
- 32.87M XCN
- All Time High
- $0.1934
- All Time Low
- $0.0006846
- Correlation with BTC
- 0.30
- Return on Investment
- -91.80%
- Market Cap
- $165.83M
About Onyxcoin
Onyx is a web3 blockchain infrastructure that enables organizations to build better financial services from the ground up. Onyxcoin is the protocol’s governance and utility token which governs the network through the Ethereum blockchain.Onyx’s flagship product is Onyx Core, which developers and institutions can launch and operate a blockchain network, or connect to a growing list of other networks that transform how assets move around the world. The Onyx Protocol defines how assets are issued, transferred, and controlled on a blockchain network. It allows a single entity or a group of organizations to operate a network, supports the coexistence of multiple types of assets, and is interoperable with other independent networks. Onyx Core is engineered for the performance demanded by modern financial systems. The time to create, sign, and validate a transaction is measured in milliseconds.
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Onyxcoin whitepaper summary
The Onyx Protocol is a shared, multi-asset blockchain platform that makes digital asset management easier and secure.
It functions like a super-powered digital ledger that enables different networks to work together while maintaining strict control over their assets.
The system is governed by XCN token holders through a decentralized organization (DAO), ensuring community-driven decision making.
The Onyx Protocol operates as a sophisticated digital asset management system built on blockchain technology.
At its foundation, the system uses an immutable digital ledger where every transaction is permanently recorded and verified.
The protocol's unique feature is its multi-asset capability, allowing it to handle various digital assets simultaneously.
Each asset maintains a unique identifier and operates under specific creation and usage rules.
The system employs specialized 'issuance programs' and 'control programs' that act as digital rulebooks governing asset creation and transfer.
Security and efficiency are maintained through a federated consensus protocol, where trusted validators (block signers) collaborate to verify transactions and maintain network integrity.
The system incorporates advanced privacy features while maintaining necessary transparency, and can process multiple transactions simultaneously.
Smart contracts, implemented through a specialized programming language, enable automatic execution of complex transactions while ensuring security and efficiency.
The protocol's architecture allows for seamless upgrades and improvements while maintaining network stability and security.
XCN (Onyxcoin) serves as the core token powering the Onyx ecosystem, functioning as both a governance and utility token.
The total supply is permanently fixed at 48,470,523,779 tokens, creating a finite resource that cannot be increased.
Token holders can participate in governance decisions by staking their XCN, with each staked token representing one vote.
Staking not only enables participation in governance but also rewards users with additional XCN tokens for helping secure the network.
XCN provides practical benefits including discounts and access to premium features within the Onyx ecosystem.
The token's dual role in governance and utility makes it fundamental to the protocol's operation and future development.
Onyxcoin FAQ
Onyxcoin (XCN) is trading at $0.004101, down 3.23% over the last 24 hours.
The market cap of Onyxcoin is $165.83M, ranking #153 among cryptocurrencies.
On the daily chart XCN currently shows 5 buy signals and 6 sell signals. This is not investment advice.
The all-time high of XCN is $0.1934.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.