Novacoin
NVC

157.87
XVP
10.22 %
Change 24h
Genesis
February 9, 2013
Market Cap
XVP 380,272,726
Volume 24h
XVP 593,671
Circulating Supply
2,407,050
NVC
XVP
Description
Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.