Unobtanium price is $3.91
Unobtanium's current price is $ 3.91. Please note that cryptocurrency prices can vary drastically within short periods. Make sure to keep an eye on the live data.
Unobtanium (UNO) is a unique cryptocurrency that was launched to the public in 2013 with the intention of providing a fair, low inflation digital asset. It's built on the SHA256 algorithm and is merge-mined with Bitcoin, contributing to a high hash rate, and the blocks are mined every 3 minutes, which is relatively fast in comparison to certain other cryptocurrencies. The name 'Unobtanium' is taken from a fictional, extremely rare material in the movie Avatar.
The creator(s) of Unobtanium remains as anonymous as their cryptocurrency. Like many other digital currencies, the team behind Unobtanium has opted to stay out of the limelight, focusing instead on maintaining and refining their project.
Unobtanium operates in a similarly to leading cryptocurrency Bitcoin. Utilizing the SHA256 algorithm, it is merge-mined with Bitcoin, which essentially allows the miners to simultaneously mine for the two currencies without extra effort. This merge mining feature boosts security, adding extra hash-power, and ensures a more efficient use of resources. The digital coin has 3-minute block times, meaning transactions on the Unobtanium network can be confirmed relatively quickly.
Unobtanium distinguishes itself by focusing on scarcity and fair distribution. The number of UNO coins created in a year is limited, with inflation gradually diminishing year by year – all of which feeds into its name, Unobtanium, a term for a fictional, difficult-to-obtain element. The 'rare issue' token, as it has been labelled, also promotes fair distribution and accessibility aiming to create a level playing field for all participants.
As of the time of writing, there are approximately UNO in circulation. It's important to note that unlike some other digital currencies, the total supply of Unobtanium is not capped at a fixed limit but is aimed to remain 'rare issue' through its low inflation.
Unobtanium's network security is ensured through the process of merge mining with the Bitcoin network. This model allows data from Unobtanium's network to be hashed together with that on Bitcoin’s network, increasing the overall security of the blockchain. This makes double-spending attacks almost impossible as they would need more than 50% of both networks to succeed.
Like most cryptocurrencies, Unobtanium’s value can be volatile. In the last 24 hours, its price has decreased by -28.94%, demonstrating the speedy rate at which the prices of cryptocurrencies can change.
You can purchase Unobtanium (UNO) on Bisq, HitBTC, CoinExchange and other various cryptocurrency exchanges. Keep in mind that cryptos carry certain risks. Therefore, always do your research before making any transactions. Also, consider using a secure wallet to store your digital assets safely.
Omni Network
Parcl
Pepy coin
ZionWallet
degwefhat
Tombili the Fat Cat
ATC Launchpad
Crypto Valleys YIELD Token
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
