Genesis Coin price is $0.00000367
As of now, the price of Genesis Coin (GEN) is $ 0.00000367, which reflects the current market valuation of the cryptocurrency. Whether the price has decreased in the last 24 hours can provide insight into the short-term market dynamics. Remember, cryptocurrency prices are highly volatile and can change rapidly.
Genesis Coin (GEN) is a digital asset and a part of the growing landscape of cryptocurrencies. It operates on blockchain technology, which allows it to benefit from the security and decentralization inherent in such systems. Genesis Coin is designed to be used as a medium of exchange, a store of value, or for participation in specific blockchain-related services that are offered by the Genesis Coin ecosystem.
The creator or team behind Genesis Coin might not always be public knowledge, as is the case with some cryptocurrencies. When a project is open-source, it can result from collaborative efforts where the community contributes to the development and direction of the coin. To understand who created Genesis Coin, one can visit its official website or community forums for more information.
Genesis Coin works by utilizing a blockchain, which is a distributed ledger that records all transactions made with GEN. It functions like many cryptocurrencies where users can send and receive GEN through a decentralized network. The blockchain ensures that each transaction is secure and immutable, preventing fraud and unauthorized alterations.
The core technology behind Genesis Coin may consist of unique features that distinguish it from other cryptocurrencies. These could include specific consensus mechanisms, smart contract capabilities, governance models, or any proprietary technology they claim enhances the performance or security of the network. Details about these features are generally available via their official channels.
The security of the Genesis Coin network relies on the cryptographic principles that underpin blockchain technology. A combination of hash functions, encryption, and consensus mechanisms ensures that the ledger is tamper-resistant and that transactions are authenticated without the need for a central authority. The team behind Genesis Coin might also implement additional security measures specific to their blockchain.
The total supply of Genesis Coin (GEN) is set at 200.0M coins. This figure represents the maximum number of GEN that will ever exist. The circulating supply, which is the number of coins currently available to the public and in circulation, stands at .
Genesis Coin, like other cryptocurrencies, maintains its value through supply and demand dynamics in the market. If more people want to buy GEN than sell it, the price typically goes up, and vice versa. In addition, the perceived utility, technological advancements, and community trust can also affect its value.
Genesis Coin (GEN) can be purchased on various that support it. Not every cryptocurrency exchange carries every coin, so it's important to research which platforms list GEN and offer the best terms and security for your transactions.
Storing Genesis Coin safely involves using a reputable wallet that supports the GEN cryptocurrency. Wallets come in various forms, including hardware wallets, software wallets, and even paper wallets. Ensuring that you keep your private keys secure and backed up will provide additional safety against potential losses.
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