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Capital Coin (CAP) Statistics

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Capital Coin

CAP

0.00058001
Price (USD)
60.46%
24h Change
0.00000016
Price (BTC)

Cryptocurrency Information

All-Time High USD
1,144.2465
Since All-Time High Change
-100.00%
All-Time High Date
2018-09-11

Marketcap (BTC)
0.87195850
Marketcap (USD)
3,160.89

24h Volume (USD)
2.43

7d Change
76.40%
14d Change
67.26%
30d Change
46.64%

Circulating Supply
5,449,741
Total Supply

Influence Statistics

Alexa Rank
0
Facebook Likes
0
Twitter Followers
0

What is Capital Coin?

CAP centres its values around the ideas of libertarianism and crypto anarchism. The core features added to the coin, have been included to rebel against the idea of big government, for example, zerocoin implementation to anonymize transactions, thereby prevent tracking of your funds. In addition to this, using decentralization to reject statism, which concentrates power in the hands of a few government institutions.Ultimately, CAP values unregulated, free market capitalism as a means to determine the allocation of resources within a market.

The cryptocurrency space has grown significantly over the past 6 months. It used to only be attractive for a fringe group of anarcho capitalists, who realized early on, that blockchain technology could radically alter the system we live under today. However, we feel that the new influx of users into cryptocurrencies are not here for ideological reasons, but mainly as a means to get rich quick. Capital Coin aims to change this by bringing awareness to the masses on the benefits of public distributed ledger systems over traditional banking.

Capital uses a pure POS consensus, thus mining is not possible. The main reason for avoiding the inclusion of miners is because of how inefficient the Proof Of Work consensus is. The only way for the chain to function under POW is by miners solving increasingly complex, cryptographic hashes. There is a strong correlation between network adoption and hash rate, making it very difficult to ever scale Bitcoin sustainably to a point where it would become the main global means of exchange. Currently, the electricity consumed from mining Bitcoin worldwide is enough to power every single home in Nigeria, a country that houses over 185 million people. If this continues over the long term, it will undoubtedly have catastrophic consequences for the environment.