NativeCoin price is $0.01469170
The current price of NativeCoin (N8V) is $ 0.01469170. In the last 24 hours, it has decreased by -12.88%.
NativeCoin (N8V) is a unique cryptocurrency that's intended to be used by Indigenous communities all over North America and the world. It provides the transactional speed, autonomy, space, and security required by casino operators, online gaming sites, and other reservation-based businesses. The coin is decentralized and operates on an open source blockchain, allowing the communities to have control over their assets.
Although there isn't specific information about the individual creators of NativeCoin, it is known that the project is built by and for the Native communities across the world. The focus of NativeCoin is on building relationships between native businesses and the cryptocurrency community, fostering greater understanding and cooperation between the two.
NativeCoin operates on its own unique blockchain, allowing transactions to be processed quickly and efficiently. It utilizes proof-of-stake (POS) consensus mechanism which means that coin holders can validate transactions and earn more coins. It was designed primarily for use within Native American reservations and businesses, however, anyone can use it. The currency is accessible on various exchanges, bringing it to a global audience while maintaining its foundational commitment to Indigenous communities.
NativeCoin's uniqueness stems from its dedication to serving and empowering Indigenous communities. The coin and its blockchain have been designed to meet the specific needs of these communities and to foster development on reservations. The focus is not just on financial transactions, but also on creating a system of record keeping, contracts, and more. This commitment to cultural specificity and inclusivity set NativeCoin apart from more generic cryptocurrencies.
As of now, the total supply of NativeCoin (N8V) is 40.0M. The coin operates on a deflationary model through the proof of stake consensus mechanism, where staked coins help validate transactions and are rewarded with transaction fees, creating a cycle that over time decreases the total coin supply.
NativeCoin's network is secured through its proof-of-stake (POS) consensus mechanism. Unlike proof-of-work systems, where miners compete to add the next block on the blockchain, in POS, stakeholders are chosen to create the new block, based on the number of coins they hold and are willing to "stake'' as a collateral. This process reduces the risk of attacks on the network as it would require a nefarious actor to own a significant majority of the total coin supply.
You can buy NativeCoin (N8V) on the following exchanges: Cryptopia. Considering the dedication of NativeCoin to Indigenous communities and businesses, it would be expected for it to be accessible to a wide range of users, including those on major exchanges.
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