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XGS GenesisX
XGS Price
$0.00054
-0.01% Market Cap
$6.92K
24H Volume
$9
Circ Supply
12.72M
GenesisX Info
GenesisX is running on the improved Zerocoin protocol, and Xevan Algorithm, while utilizing the masternodes’ network. It is a decentralized platform, which uses transparency in governance, privacy, and transactions.
GenesisX Masternode Details
Masternode Support Yes
Coins Required 5000 XGS
GenesisX Features
- Masternode/Proof-of-Stake. GenesisX is powered by Proof-of-Stake (PoS) and Masternodes. The Masternode system allows for incredibly fast transactions while simultaneously eliminating the need for expensive and power hungry GPUs & CPUs based miners.
- Zerocoin Protocol. Through zero-knowledge proofs, coin holders financial transactions are kept completely private and anonymous.
- XGS Budgeting. All transactions on the explorer will link to the transactions on our budget page.
- MN Holder Reward System. GenesisX provides utility to holders of XGS through the GenesisX Secure Storage platform. To use the GenesisX Secure Storage users will pay a certain amount of XGS to use our secure and private storage servers.
- GenesisX Secure Storage. GenesisX will be connecting a payment gateway of XGS so people can use this to pay for cloud storage.
- Governance. GenesisX introduced a governing system which enables and gives masternode holders rights to vote for possible upcoming changes and gives them power in this project so the community is supported. A proposal system will also be integrated.
- Technical Information. The PoS Algorithm for XGS is Xevan and to be precise is a fork of PIVX. The maturity period for XGS is 3 hours and the block time is 60seconds.
- GenesisXL Fork. GenesisX is discussing whether to proceed with a PoS/MN fork and link the new currency to GenesisX and develop another utility OR fork BTC and make XLGS a PoW coin.
GenesisX Organization & Team
Chris
CEO
Gabriel
Senior Advisor
Tadas
Graphics Designer
GenesisX Intel
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