What is WhiteCoin? WhiteCoin is driven by a dedicated community of supporters yet controlled by no one single individual. This attractiveShow more [+] combination will help ensure stability, growth, and compelling technological developments.
Whitecoin (XWC) is a cryptocurrency launched in early 2014 focused on innovative solutions to securely manage and make transactions. XWC is a proof-of-stake based coin driven by an active community of volunteers.
Developers work on features and tools that the community ask for which has resulted in some innovative tools. Like WhiteNode, a lightweight wallet that can run on a Raspberry Pi or WhiteOS a plug-and-play OS to keep a cold storage wallet on a USB stick.
What is Proof of Stake (POS) and staking?
Whitecoin can’t be mined like for example Bitcoin (aka Proof of Work) but is instead based on staking. By keeping your wallet ‘open’ you help secure the network. As a reward, you can receive a stake of 5 XWC every 60 seconds. The more coins you have the bigger the chance of a stake is. It can be compared to receiving interest on your coins.
What is WhiteNode?
WhiteNode is an optimized Whitecoin wallet that can run on low-end hardware such as a RaspBerry Pi. Instead of keeping a desktop PC running 24/7 to stake coins you install the wallet on a single-board computer which consume less power and are cheaper.
What is WhiteOS?
WhiteOS is a customized Ubuntu operating system. It’s highly portable allowing you to install the entire operating system on a USB drive. This allows you to have true cold storage for your XWC. The wallet and browser on this operating system run through a TOR proxy for anonymous browsing and transactions.
Another great benefit is that you can plug a USB with WhiteOS into any PC to (safely) access your wallet. When you unplug your USB stick there is no trace left on the host PC.
Where can I buy Whitecoin?
Whitecoin is traded on a dozen different exchanges. This includes Bittrex, Lbank, Stocks.exchange and FreiExchange. Bittrex being the most popular of the markets. You can find an up-to-date list on the official website.
In the beginning of May, WhiteCoin has found the support at 88.6% Fibonacci retracement level, that is 635 satoshis. Since then XWC/BTC has been going up exponentially and has already reached 2180 satoshis, providing a strong 250% gain over Bitcoin. But how far can it go, and will it stop growing any time soon? Well, […]