iXcoin is a pioneering cryptocurrency project that was conceived as a Bitcoin clone. Launched on 7 May 2011, it was established only a few weeks after Namecoin, making it one of the earliest digital currencies in the crypto realm. iXcoin introduces unique features that differentiate it from its predecessor, including a faster maturity rate that will see it reach full maturity approximately 18 years before Bitcoin.
The iXcoin Journey
Despite being derived from Bitcoin, iXcoin charts its own course in the dynamic world of cryptocurrencies. Around mid-2013, the total number of iXcoins and Bitcoins in circulation is projected to reach parity, albeit briefly, marking a significant milestone in iXcoin’s journey.
Merged Mining: A Game Changer for iXcoin
In 2012, iXcoin adopted the strategy of merged mining with Bitcoin. This strategic move was instrumental in bolstering the total hashrate for both currencies, thereby enhancing their resistance to a 51% attack. Merged mining is a mechanism that allows Bitcoin miners to mine multiple coins simultaneously, thus propelling the growth of iXcoin while also strengthening Bitcoin’s mining community.
Enhanced Security and Sustainability
Through merged mining, iXcoin has effectively increased its security and sustainability. As it shares its mining with Bitcoin, it leverages the robustness of Bitcoin's network, making it more secure against potential attacks. Furthermore, it promotes a healthier, more sustainable mining ecosystem by allowing miners to mine several coins at the same time.
Ixcoin social statistic
298
Twitter followers
0
Telegram members
0
Reddit subscribers
0
Facebook likes