KekCoin price is $0.01711915
At present, the price of KekCoin (KEK) is $ 0.01711915.
KekCoin is a cryptocurrency that aims to provide users with a decentralized solution for digital transactions. It's based on the Peercoin protocol and offers an energy-efficient approach to digital currency. This makes it an ideal choice for anyone looking for a cryptocurrency with a low carbon footprint.
There's not a specific person or group that has claimed the creation of KekCoin. The developers of the coin remain anonymous, just like with many other cryptocurrencies. Much of the available information about KekCoin originates from its official website and its community of users.
Just like most cryptocurrencies, KekCoin makes use of blockchain technology to process and store transactions. Performances of transactions are peer-to-peer – meaning direct from one user to another - that's decentralized and does not rely on a central authority or any third-party institution such as a bank.
However, unlike most cryptocurrencies that operate on a Proof of Work (PoW) consensus mechanism, KekCoin utilizes a Proof of Stake (PoS) consensus mechanism. This sets it apart, as PoS systems are known to be much more energy-efficient than traditional PoW systems.
One of the critical attributes of KekCoin that sets it apart is its use of the Proof of Stake algorithm. This allows users to generate new blocks and confirm transactions, depending on their existing wealth (stake) in the network. It's a way of securing the blockchain network and validating transactions that are more decentralized and energy-efficient.
KekCoin is also mintable, meaning new coins can be created by staking existing coins, without the need for energy-consuming mining processes.
KekCoin's market cap ranking, a position indicating the size of a crypto asset based on its current circulation and price, is #1.
In circulation currently is a total supply of 10.7M KekCoins. In contrast, the total possible amount of KekCoin that can be generated through its PoS (Proof-of-Stake) algorithm is 11.7M.
You can purchase KekCoin (KEK) from a variety of CREX24, Cryptopia, Nova currently. Please ensure you're using a trusted and reputable platform, and remember, investing in cryptocurrencies does come with its unique set of risks. Always do your research before making a purchase.
Keeping your KekCoin safe involves basic security practices similar to what you would utilize for other cryptocurrencies. This includes the use of secure wallets, keeping your private keys private, frequently updating your security software and employing multi-factor authentication where applicable.
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