High Voltage (HVCO) is currently priced at $ 0.01534255.
High Voltage (HVCO) is a cryptocurrency that entered the booming digital asset market with the goal to provide an energy-efficient and environmentally friendly option. Believing the traditional financial systems are flawed, the High Voltage team created HVCO aiming to deliver secure transactions and a democratic financial solution.
The identities of the creators of High Voltage are undisclosed. This might seem unusual at first but it's not uncommon for cryptocurrency developers to stay anonymous.
High Voltage aims to tackle the problem of high energy consumption in many cryptocurrencies including Bitcoin. It claims to have developed a proof-of-stake (PoS) system that significantly reduces the energy requirement for maintaining the HVCO network.
Unlike proof-of-work (PoW) systems used by Bitcoin where miners solve complex mathematical problems, PoS systems select validators based on the number of coins they hold and are willing to 'stake' as collateral. This process requires less computational power and by extension, less energy.
High Voltage claims to be unique due its innovative proof-of-stake mechanism that not only reduces energy consumption but also enhances the speed and efficiency of transactions. HVCO aims to provide solutions for the high energy consumption concerns that have been raised about other cryptocurrencies.
High Voltage uses the aforementioned Proof-of-Stake method for securing its network. In a PoS system, the risk of an attacker taking control of the network is minimized by the high costs associated with acquiring the majority of the network's currency. The PoS system also offers penalties for malicious behavior, further enhancing its security.
There is currently 1.5M of HVCO in circulation.
As of the current statistics, High Voltage (HVCO) ranks #1 in terms of market capitalization which is $ 22.9K.
High Voltage (HVCO) can be purchased on the following cryptocurrency exchanges: YoBit. Remember to do your own due diligence before purchasing cryptocurrencies.
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