Symbol NVC
Established 01.10.2012
Website URL Link
Block explorer Link
Off. announcement​ Link
Founder Balthazar
Algorithm Scrypt
Protocol POW/POS
Reviews 0 / 0

Novacoin was released to the public on February 9, 2013. Novacoin is somewhat the “last” of the major digital currencies that had been introduced, and, despite this fact, it has managed to find its niche.

Novacoin boasts a unique set of features and approaches that distinguish it from other digital currencies. For example, Novacoin uses the Scrypt mining method. Scrypt is faster and easier, it does not require having dedicated processing power for mining.

Novacoin uses the proof-of-work and proof-of-stake mining protocols, therefore rewards can be earned by mining data blocks and investing in the currency.

Payments in the Novacoin network are sent to addresses which are based on digital signatures, strings of 34 symbols (digits and letters) which always begin with the digit 4.

The blockchain records all transactions, and approximately every 10 minutes a new block is added to the blockchain. A transaction is usually considered to be completed as soon as 6 blocks have been added (or 60 minutes).


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