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Primecoin (XPM) Statistics

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Primecoin

XPM

0.12261831
Price (USD)
-0.13%
24h Change
0.00003389
Price (BTC)

Cryptocurrency Information

All-Time High USD
7.2672
Since All-Time High Change
-98.34%
All-Time High Date
2013-11-30

Marketcap (BTC)
860.22816627
Marketcap (USD)
3,112,202.16

24h Volume (USD)
130,638.35

7d Change
-15.00%
14d Change
-9.94%
30d Change
-32.55%

Circulating Supply
25,381,219
Total Supply
0

Influence Statistics

Alexa Rank
1169163
Facebook Likes
897
Twitter Followers
10954

What is Primecoin?

Primecoin is a rather interesting digital currency. It was developed by Sunny King, one of the same developers that created PPCoin and invented Proof-of-stake. Primecoin does not follow the same rules as the other currencies, and has a built in mathematical benefit. Due to the way it is mined, Primecoin actually discovers previously unknown prime numbers. Primecoin is a rather interesting digital currency. It was developed by Sunny King, one of the same developers that created PPCoin and invented Proof-of-stake. Primecoin does not follow the same rules as the other currencies, and has a built in mathematical benefit. Due to the way it is mined, Primecoin actually discovers previously unknown prime numbers.

The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network.

All in all, Primecoin presents itself as an extremely interesting experiment; for the first time, we have a currency whose mining algorithm has a secondary value, and at the same time Primecoin, unlike so many other coins before it, actually makes serious attempts to improve on Bitcoin in unrelated aspects. Not taking into account Bitcoin’s massive headstart, Primecoin may well be the first alternative coin to actually be better than Bitcoin, giving the currency the potential for a bright future ahead.