ChanCoin price is $0.00074073
As of now, ChanCoin (CHAN) is priced at $ 0.00074073. This figure may shift significantly, as we've seen with many other digital currencies. If you're curious about recent price changes, ChanCoin has increased by about +5.63% in the last 24 hours.
ChanCoin is an interesting player in the digital currency scene. Referred to by its symbol CHAN, it aims to enable easy and universal access to financial transactions for people across the globe. Built on the fundamental characteristics of blockchain technology — decentralization, security, and transparency — ChanCoin is open source, meaning its source code is available for all to view and contribute to.
The team that founded ChanCoin is not publicly disclosed as is common with some cryptocurrencies. However, being open-source, it has a community of developers who contribute towards its continuous improvement and advancement.
Recent developments in blockchain technology have laid the foundation for cryptocurrencies such as ChanCoin. Similar to other digital currencies, ChanCoin's operations are based on blockchain technology — a digital ledger that records transactions across multiple computers. Blockchain technology ensures that ChanCoin transactions are secure and transparent.
ChanCoin, like other cryptocurrencies, provides a decentralized method for financial transactions. This means there are no intermediaries such as banks involved, greatly reducing the cost of transactions. Being an open-source project, it also allows developers worldwide to contribute and make improvements to its system.
Circulation play an important role in understanding a cryptocurrency's dynamics. The total circulating supply for ChanCoin, at the moment, equals approximately 24.2M. The maximum supply is also a critical factor which is positioned at CHAN.
ChanCoin, like any other cryptocurrency, employs cryptography to secure its transactions. However, while transactions are secure, it is essential to protect one's personal wallet from potential threats. Always use verified and secure wallets, and never share personal keys with anyone.
ChanCoin (CHAN) can be purchased on a variety of Nova, Cryptopia. It's wise to use only trusted exchanges to avoid potential scams and ensure your assets' safety. Remember, investing in cryptocurrencies always involve risks, so always weigh up potential gains against these risks and only invest what you can afford to lose.
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