What is ArcticCoin?
introduction
The the cryptocurrency ArcticCoin underlying software is derived from 07.24.2015. At that time, the so-called Genesis Block – something like the foundation of a cryptocurrency – was created. About a year later, the initial coin offering of the cryptocurrency with the abbreviation ARC took place. Since 19 October 2016, the currency can be traded on all relevant online exchanges for crypto currencies . At that time, a market capitalization of $ 148,307 could be realized. Currently there are 24,593,727 units of currency in circulation, projections assume that there will be 60,000,000 available ARCs at the end of the mining phase.
Special Goldmine Node Rewards at ArcticCoin
In the meantime, many cryptocurrencies have established a reward system on two levels. Once for the classic mines , so the calculation of new blocks for the Blockchain- also called Proof-of-Work (PoW) – and even by simply keeping units of a currency in a wallet . The latter method is called proof of stake. While PoW requires computational power, PoS does not. Both forms contribute in their own way to maintaining the integrity of the blockchain and thus the decentralized trustworthiness of a cryptocurrency.
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Arctic also offers the opportunity to become a so-called Goldmine Node. To do this, an ARC user simply has to keep 1000 or more ARCs in his wallet at any one time in order to get paid foreign exchange – similar to the return on a traditional savings account. 45% of the newly mined ARC goes to the miners, another 45% to the Goldmine Nodes and 10% will be used for the further development of ARC.
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Technical specifications and details of ArcticCoin
The blockchain of the cryptocurrency ARC is based on the X11 algorithm. It combines eleven different hashing functions, almost eliminating the possibility of a blockchain error. These include: Blake, BMW, Groestl, JH, Keccak, Skein, Luffa, Cubehash, Shavite, SIMD and Echo. New blocks become every 2.5 minutes, making ARC about four times faster than Bitcoin .
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Wallets are offered for all common operating systems, such as Microsoft Windows, Linux or the Apple operating system MacOS. Unlike other cryptocurrencies, ARC can be mined directly from the wallet – no additional software is required. Mining works with processors and GPUs.
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What is the current market capitalization of ArcticCoin?
At launch on October 19, 2016, a unit of ARC was able to reach a value of US $ (USD) equivalent to $ 0.007076. This resulted in a market capitalization of $ 148,307. As a result, the cryptocurrency lost a little and fluctuated slightly for about six months, but changed its value effectively but hardly. That changed on March 4, 2017 when suddenly a rapid increase was recorded. On April 6, 2017, the currency reached a record high, with a stock market value of $ 5,041,096, which was realized through a pro-coin value of $ 0.220209. Subsequently, ARC lost some of its value again, but was able to catch up again and currently has a market capitalization of $ 1,354,647 and a coupon of $ 0.055081.
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