- #2850
ChainX PCX
PCX Price
Market Cap
$1.44 MRank #2850FDV
$1.44 MRank #2588Investors
X Followers
Detailed Performance
PCX shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
PCX to USD Converter
Price History
- All-Time High
- $17.54152.26x to ATH
- All-Time Low
- $0.067591.70x to ATL
- Trade Launch Date
- 1 Aug, 2019
1938 days ago
Exchanges
Exchanges type
About PCX
ChainX is a community-run layer2 network of Bitcoin that aims to become an inter-chain asset gateway. It provides relay services for assets that need to be transferred across different blockchain networks. ChainX measures users' mining power based on the market value of various assets deposited in by an inter-chain bridge. It implements the Substrate program language and plans to support the deployment of Substrate and Ethereum smart contract projects in the future. ChainX also aims to build trust in Bitcoin on Layer2 Networks through its custodial and non-custodial modes.
What makes ChainX unique?
ChainX is unique compared to other cryptocurrencies in several ways:
1. Lightning Network Protocol: ChainX implements its own version of the Lightning Network protocol, called X-Lighting. This protocol allows for faster and cheaper bitcoin transactions, opening up new possibilities for bitcoin transactions that are not possible with traditional financial systems.
2. Inter-Chain Asset Gateway: The goal of ChainX is to become an inter-chain asset gateway. It provides relay services for assets that need to be transferred across different blockchains. This means that ChainX allows for seamless transfer of assets between different chains, enabling greater interoperability and flexibility.
3. Support for Smart Contracts: ChainX plans to support the deployment of Substrate and Ethereum smart contract projects in the future. This means that ChainX can perform similar functions to the Ethereum network, allowing for the creation and execution of decentralized applications and smart contracts.
4. Mining Power Measurement: ChainX measures users' mining power based on the market value of various assets, including BTC, DOT, ETH, ERC20, EOS, and more. This provides a fair and transparent way to determine mining power and incentivizes users to deposit assets into the inter-chain bridge.
5. PoS Algorithm: ChainX will use a Proof-of-Stake (PoS) algorithm to establish its blockchain network. This algorithm allows for efficient and secure consensus verification, ensuring the long-term stability and sustainability of the network.
Overall, ChainX combines innovative technologies such as the Lightning Network, inter-chain asset transfer, smart contract support, and a unique mining power measurement system to offer a distinct and versatile cryptocurrency platform.
Live ChainX Price Data
The current price of ChainX (PCX) is approximately $0.1152, reflecting a increase of 15.20% in the last 24 hours. The PCX trading volume in the last 24 hours stands at $96,241.00. ChainX's market cap is currently $1.44 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of PCX is 12.51 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand ChainX's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on PCX, check out our crypto insights page.
Official Links
PCX to USD Converter
Price History
- All-Time High
- $17.54152.26x to ATH
- All-Time Low
- $0.067591.70x to ATL
- Trade Launch Date
- 1 Aug, 2019
1938 days ago