Prime-XI price is $0.00018759
As of now, the current price of Prime-XI (PXI) is $ 0.00018759, with a 24-hour trading volume of 0.3. In the last 24 hours, PXI's price has increased by +0.00%.
Prime-XI, also identified as PXI or 'Prime Eleven', represents a new generation of decentralized private cryptocurrencies. It starkly contrasts traditional financial systems by functioning independently, free from the authority of any centralized institutions. This innovative digital currency employs an open-source, global payment system that aims to provide safer, swifter business transactions across the globe.
Prime-XI is a product of a collective community effort. It does not have a known single founder or team. Instead, it was developed by a community of programmers and technical experts who believe in and contribute to the vision of a decentralized financial system.
Prime-XI distinguishes itself with a key feature: instant confirmations. This mechanism allows PXI to facilitate faster transactions than any of its predecessors. It ensures quick transaction verification, thereby optimizing the efficiency and convenience of using PXI in the financial business. Moreover, in a bid to establish itself as a long-term player in the cryptocurrency market and expand its network worldwide, PXI adopted a unique approach by refraining from being listed in exchanges for the first 45 days of its existence.
Just like other cryptocurrencies, Prime-XI operates on a technology called blockchain. A blockchain is a decentralized, public ledger where all confirmed transactions are included as 'blocks'. Whenever a transaction is made, it enters the processing queue, awaiting approval. The verification process involves solving a complex mathematical problem that the transaction gets bundled into. Once the problem is solved, the transaction is verified and recorded as a block on the blockchain.
The circulating supply of Prime-XI is , out of a total supply of 18.7M.
The safety and security of Prime-XI are ensured by the very nature of blockchains. Since each transaction is verified and added to the blockchain, all stored data is practically impossible to hack or manipulate. Additionally, the decentralized nature of Prime-XI means there are no central 'servers' for hackers to target, which adds an extra layer of security.
Prime-XI (PXI) can be purchased on the following exchanges: YoBit. It is advisable to buy PXI from these recognized platforms to ensure the safety and legitimacy of your transactions.
The safety of your Prime-XI (or any other cryptocurrency) depends largely on your storage method. It is recommended to store your PXI in a digital wallet, preferably a hardware wallet for optimal security. This keeps your PXI offline, reducing the risk of hacks and thefts. Be sure to keep your wallet's private keys and recovery phrases in a safe and secure location as they are essential to access your digital assets.
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