What is Insane Coin?
Introduction
The Insane team is always on the lookout for new ways to use the blockchain . Originally based Insane although like most other crypto currencies on the Bitcoin network, but in addition to Insane much further can afford and can offer new. Was presented Insane is on 9 December 2016 traded cryptocurrency on the market since May 17, 2017. Under the abbreviation INSN the currency can in many renowned crypto exchanges be bought on the internet and exchanged. There are currently 18,629,900 INSN units, of which 18,379,990 are in circulation. At the end of the mining Phase are about 30,000,000 INSN available.
Masternodes at InsaneCoin
Master nodes are a way of personal gain by using a cryptocurrency to increase. Node means “knot” in English. Each user in the network of a cryptocurrency is such a node and, through its participation in the network, supports the integrity and security of the blockchain, which is based on the principle of decentralization. The more different nodes, the better.
Master nodes are also nodes, except that they still serve a special purpose. In most cases, this is a support of the system of private messages or other – for example, monetary – transactions. For a user to master these tasks as a master student, he receives a certain commission. The best part is that the user himself does not have to worry about anything at all. The software does these tasks in the background.
In order to become a Masternode at Insane, you have to download the software and deposit 50,000 INSN units. These can also be withdrawn at any time – they remain in the possession of the user. On the website of Insane, there is a particularly beginner-friendly guide to find Masterternodes.
Technical specifications and details of InsaneCoin
Insane is based on the X11 algorithm, which has proven to be particularly safe against any system errors in the past. Mining generates new blocks – users on the Insane network use their computer’s processing power to earn a small profit from each newly-mined Bloch. Another way to get new INSN is the so-called “share holding”. Anyone holding units of currency in his wallet has the chance to get a small return on investment without any additional processing power. Currently, a new block is generated every eight minutes on average, making Insane even faster than Bitcoin – this has a generation time of 10 minutes.
What is the current market capitalization of InsaneCoin?
The launch of INSN took place on 17 May 2017. Initial market capitalization data is available as of June 14, 2017: $ 1,515,340 (USD). This was realized through a pro-coin value of $ 0.131400. After a rapid rise, which finally reached a record high on July 14, 2017 (market capitalization $ 3,682,233, coin value $ 0.253052), the value of the cryptocurrency dropped again sharply, but since October 2017 has remained at a steady level level off. Of course, smaller fluctuations are always possible on a daily basis. Finally, on December 16, 2017, the cryptocurrency reached a coin value of $ 0.059049, representing a stock market value of $ 1,085,320.
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