Genom price is $0.00009623
Genom (GENOM) is currently priced at $ 0.00009623, which has decreased over the last 24 hours. The changes in the price of Genom can be influenced by a variety of factors including market sentiment, overall cryptocurrency market trends, and developments within the Genom project itself.
Genom is a cryptocurrency designed to offer users a decentralized platform with a focus on privacy and security. The core philosophy of Genom is to provide a blockchain ecosystem that enhances data protection and permits secure and anonymous transactions. The intricacies of how Genom operates involve high-level cryptographic techniques and a community-driven approach, which together aim to maintain a transparent yet private network.
The team behind Genom has not been specified in the provided data. Typically, cryptocurrency projects are initiated by a group of developers and industry professionals who share a common vision for improving blockchain technology. If the creators of Genom are following this pattern, they likely have a background in cryptography, software development, and blockchain innovation. The official website, genom.tech, would potentially have more information about the team and their credentials.
Given the lack of specific details on Genom's underlying technology, we can only speculate about its mechanics based on standard practices in the industry. Generally, a cryptocurrency like Genom would work by using a decentralized ledger, known as a blockchain, to record all transactions. This ensures that changes to the ledger must be agreed upon by consensus within the network. Genom could potentially employ mechanisms such as proof of stake or proof of work to secure transactions and generate new blocks.
The Genom project claims to focus heavily on privacy and security, which likely means it incorporates features like zero-knowledge proofs, ring signatures, or other forms of encryption that obfuscate transaction details. These technologies would allow Genom to facilitate transactions that are confidential and not traceable on the blockchain, setting it apart from cryptocurrencies that have a more transparent transaction history.
Transactions on the Genom network are purportedly secured using advanced cryptographic techniques. If Genom is like other privacy-focused cryptocurrencies, it may secure transactions using technology that hides the identities of the sender and receiver, as well as the values of the transactions, making it difficult for third parties to trace the activity.
The total supply of Genom (GENOM) tokens is 100.0M. This number is an important metric for investors as it affects the scarcity and potential value of the cryptocurrency. A fixed supply can mean that the asset may appreciate in price if the demand for it grows, assuming all other market conditions remain constant.
The circulating supply of Genom tokens is currently . The circulating supply indicates the number of tokens that are publicly available and circulating in the market. The difference between the total supply and the circulating supply can offer insights into how much of the currency is held by the project's team or reserved for future distribution.
As of the latest data, Genom's market capitalization is $ , making it rank #1 in the cryptocurrency markets. Market capitalization is calculated by multiplying the current price of a single Genom token by the circulating supply, offering a snapshot of the project's relative size and financial strength within the cryptocurrency market.
The 24-hour trading volume for Genom (GENOM) is currently . This metric shows the total amount of Genom tokens traded across all exchanges in the last 24 hours and can indicate the level of interest and activity surrounding the Genom project.
Genom (GENOM) can be purchased on various cryptocurrency exchanges. The availability of Genom on exchanges is subject to change, but it currently includes . Investors interested in buying Genom tokens should consider creating an account on one of these platforms.
To safely store Genom, users should consider using a cryptocurrency wallet that supports the token. There are several types of wallets, including hardware wallets, software wallets, and paper wallets, each offering different levels of security and convenience. It's important for users to conduct thorough research and select a wallet that suits their needs while ensuring the safety of their Genom tokens.
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