Bitcoin Incognito price is $0.00622576
As of the latest data, the price of Bitcoin Incognito (XBI) is $ 0.00622576. This price reflects a -16.83% change over the last 24 hours.
Bitcoin Incognito (XBI) is a cryptocurrency that seeks to provide a private, instant and low-fee payment platform. Its main aim is to offer beneficial characteristics of the original Bitcoin while maintaining the concept of privacy, something that is lacking in the original Bitcoin. The emblematic 'Incognito’ signifies the coin's commitment to maintaining the anonymity of users.
The specifics about the team behind Bitcoin Incognito aren't publicly known. The team has chosen to remain incognito, aligning with the overall philosophies of privacy and anonymity the cryptocurrency represents.
Bitcoin Incognito implements a Proof-of-Stake (PoS) consensus mechanism, which incentivizes holding the cryptocurrency. In PoS, holders can 'stake' their coins in the network, helping to validate transactions and secure the protocol. As a reward, these stakers receive additional XBI.
Bitcoin Incognito also uses the Zerocoin protocol to provide privacy features. The Zerocoin protocol allows the user to 'mint' a new coin that has no transaction history, thus offering an additional layer of anonymity.
Bitcoin Incognito's defining characteristic is its structural focus on privacy and anonymity. This aspect differentiates it from many other cryptocurrencies, including Bitcoin. Moreover, its use of PoS consensus allows for energy-efficient transaction validation, which is a contrast to the energy-intensive PoW (Proof-of-Work) used by Bitcoin.
Additionally, Bitcoin Incognito has been developed with an emphasis on fast, low-fee transactions, making it suitable for everyday use. This focus on practicality, along with its privacy features, sets it apart in the crowded crypto space.
The currently circulating supply of Bitcoin Incognito (XBI) is 16.7M. The total supply is capped at 21.0M XBI, which means no more coins will be created past this limit.
To buy Bitcoin Incognito (XBI), you can visit any of the Graviex, CREX24, STEX, Nova where it is listed. Remember that it's crucial to conduct your due diligence before buying, and also ensure you're storing your XBI in a secure wallet. The Bitcoin Incognito team claims that they have made efforts to be listed in several popular exchanges, expanding the accessibility for potential investors.
Bitcoin Incognito uses a Proof of Stake (PoS) model combined with the Zerocoin protocol to ensure the security and integrity of its network. The PoS model encourages users to hold and stake their coins, thereby creating more validators on the network. These validators then verify and validate the transactions, making it difficult for malicious actors to compromise. The Zerocoin protocol adds another layer of security by providing privacy features, making it difficult to trace transaction histories.
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