Ixcoin (IXC) is a decentralized, open-source cryptocurrency launched in 2011. It was created as an alternative to Bitcoin and is based on the same codebase. Ixcoin is produced through a process called mining, where computers are used to solve complex mathematical equations that generate new coins and verify transactions. The total number of IXC in circulation will never exceed 21 million coins, similar to Bitcoin’s limited supply.
Ixcoin offers many features that make it attractive for investors and users alike:
1. Low transaction fees compared to other cryptocurrencies;
2. Faster confirmation times than Bitcoin;
3. A secure blockchain network with strong encryption algorithms built-in;
4. Anonymous transactions due to its use of ring signatures;
5. Limited inflation due to its finite coin supply; and
6. Ability for users to easily exchange IXC with fiat currency or other digital currencies using online exchanges such as Poloniex or Bittrex.
There are several ways you can obtain Ixcoins: 1) Purchase them from an online exchange like Poloniex or Bittrex using either fiat currency (e.g., USD, EUR, etc.) or another digital currency (e.g., BTC); 2) Mine them yourself by setting up your own computer system dedicated solely for the purpose of running specialized software programs designed specifically for mining Ixcoins; 3) Participate in mining pools where miners join forces together and share rewards when their efforts result in generating new blocks on the blockchain network.
The current market capitalization of Ixcoins stands at $106 million USD as of October 2020, making it one of the top 100 most valuable cryptocurrencies globally according to CoinMarketCap rankings at this time.
