Zetacoin price is $0.00287191
The current price of Zetacoin (ZET) is $ 0.00287191, with a -0.77% change in the last 24 hours.
Zetacoin is a cryptocurrency based on the same SHA256 hashing algorithm used in Bitcoin. Its main characteristic is a high-speed transaction time, allowing for quick transfers of value across its network. Zetacoin also adjusts mining difficulty, ensuring that block generation remains consistent over time. It's designed with a yearly inflationary rate adding 1 million coins to its circulation, with the aim to keep the network's integrity without relying solely on transaction fees paid to miners.
While the specific individuals behind Zetacoin are not publicly known, it's the product of a collective of anonymous developers. As with most cryptocurrencies, Zetacoin was initiated as a community project, and development decisions are still largely driven by community consensus.
Zetacoin works similar to Bitcoin, utilizing Proof of Work (PoW) consensus mechanism and the SHA256 hashing algorithm for its operation. Miners solve complex mathematical problems to add new blocks to the Zetacoin blockchain. Once a problem is solved, a new block is added, and the miner is rewarded with a certain amount of Zetacoins. This process is adjusted for difficulty to maintain block generation time and ensure the network's stability.
In addition to mining rewards, Zetacoin has a yearly inflationary provision, creating 1 million new coins each year. This serves as a mechanism to avoid dependence on paying miners strictly through transaction fees, and keep the network secure and operational.
What sets Zetacoin apart from other cryptocurrencies is its speed, inflationary policy, and mining difficulty adjustment. The transaction speed of Zetacoin is notably high, which is a significant advantage for users who need to make quick transactions.
The yearly increase of 1 million coins, as an inflationary measure, is a defining feature of Zetacoin. It may provide a steady reward system for miners, which could incentivize consistent mining operation and thus contribute to the network's security and stability.
Lastly, the Zetacoin network ensures that mining difficulty is adjusted, maintaining a balance in the network and deterring any attempts at cornering the mining process.
The circulating supply of Zetacoin (ZET) is currently . Given the inflationary nature of the Zetacoin protocol, the total supply remains expanding with an addition of 1 million coins every year.
Zetacoin can be bought on multiple cryptocurrency exchanges, including Nova, BitMEX, YoBit, among others. Please research and select a platform that suits your needs best before making a purchase. As cryptocurrency investments come with their own set of risks, it's important to utilize secure methods and reliable sources to protect your assets.
Phoneum
ATBCoin
Simple Cool Automatic Money
Mantis Network
Levin
Kripton
SafeCapital
OROS.finance
Dash
Lido Staked Ether
Basic Attention Token
USD Coin
Polkadot
Qtum
NEO
Filecoin
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
