About Primecoin
Market Stats
Market Cap
$1,745,025.19
FDV
No data
Circulating Supply
53,042,922.148 XPM
Max Supply
No data
Total Supply
53,042,922.148 XPM
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$1,468.23
3.18%
All time high
$7.58
Additional info about Primecoin
Networks and details
The price of Primecoin has increased by 0.06% in the last hour and increased by 2.99% in the past 24 hours. Primecoin’s price has also fallen by 4.64% in the past week. The current price is $0.0329 per XPM with a 24-hour trading volume of $1.47K. Currently, Primecoin is valued at 99.57% below its all time high of $7.58. This all-time high was the highest price paid for Primecoin since its launch.
The current circulating supply of Primecoin is 53,042,922.148 XPM which means that Primecoin has as total market cap of $1,745,025.19.
Price history
Today | $0.0329 | ↗ 2.99% |
1 Day | $0.0319 | ↗ 2.99% |
1 Week | $0.0345 | ↘ 4.64% |
1 Month | $0.0410 | ↘ 19.74% |
1 Year | $0.0242 | ↗ 35.82% |
Market details
Performance against other markets | ↗ 29.57% |
Performance against BTC | ↗ 5.02% |
Performance against ETH | ↗ 148.03% |
Performance in the past year | ↗ 35.82% |
FAQ
Primecoin (XPM) is an innovative cryptocurrency, a digital currency secured through cryptography and issued via a decentralized mining market. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the platform collectively carries out the issue of funds and managing transactions.
The platform is derived from Bitcoin, which utilizes a unique mechanism based on prime numbers and scientific computing. The mechanism also enables the platform to process payment transactions at a great pace. Primecoin relies on peer-to-peer technology and operates with no central authority; thus, the issue of money and managing transactions are collectively carried out by the platform.
The Primecoin network utilizes a proof-of-work mechanism that provides security and minting to the network. Minting refers to validating information, creating a new block, or recording data on the blockchain. The mechanism also generates a unique form of special prime number chains of interest to the mathematical research, and the network becomes more energy-multiuse.
XPM is the official cryptocurrency of the Primecoin platform. The user can mine XPM tokens and trade the tokens with trustworthy markets. The user has to download and install the Primecoin wallet to the PC or Linux computer to start mining the coins.
The Prime chain is also connected to the block hash function to ensure the security property of Bitcoin. At the same time, a simultaneous scheme of difficulty evaluation allows the prime chain to act as adjustable-difficulty, proof-of-work in a cryptocurrency. Furthermore, work needs to be verified by all the nodes in the network to act as proof-of-work for cryptocurrency. The primes should not be too large as it becomes harder to find a prime chain as the chain length increases. Therefore, the Primecoin utilizes a Cunningham chain of the first and second kind, and bi-twin chain and the primes in the prime chain are subjected to maximum size protocol, which ensures efficient verification through all nodes.