Bitcoin XT Price (BTCXT)

Trexcoin (TREX) is an open-source, peer-to-peer digital asset that aims to function as a medium of exchange. It utilizes robust cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Operating on a Scrypt algorithm, Trexcoin employs a hybrid Proof of Work (PoW) and Proof of Stake (PoS) system. With a total of 50 billion coins, Trexcoin aims to facilitate fast transactions and maintain a secure blockchain, making it a preferred choice for TREX species research worldwide.

Trexcoin operates on a hybrid PoW/PoS system. The PoW phase ended at block 5000, with each block rewarding 10 TREX. The PoS phase, which is ongoing, provides an annual compensation of 20%. The minimum staking age is 12 hours, and the maximum is one year. The block generation time is 60 seconds, aiming to ensure swift transactions. The minimum transaction fee is set at 0.00001 TREX. This system strives to provide a decentralized platform for users to conduct their transactions.

Trexcoin aims to offer a variety of use cases. It strives to be used for low-cost asset transfers, providing an alternative to traditional banking systems. It also seeks to serve as a censorship-resistant store of wealth, offering users a degree of financial freedom. Additionally, it aims to be used to support innovative early-stage startups, providing a platform for nurturing new ideas. Trexcoin also allows for private transactions, aiming to enhance user privacy. Lastly, it seeks to be used to send non-cash remittances, broadening the scope of asset transfers.

Trexcoin was developed as an open-source, peer-to-peer digital asset. It was premined with 10 billion coins, with the remaining 40 billion generated through PoW and PoS mining. The PoW phase ended at block 5000, after which the PoS phase began. The asset distribution included 2300 million for Proof of Burn, 100 million for airdrops, marketing, and listings, and 100 million as a developer's compensation. Trexcoin continues to be a part of the digital asset landscape, aiming to offer a secure and efficient medium of exchange.

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