What is WhiteCoin (XWC)?
WhiteCoin is a public chain that links block values together using the modern Multi Tunnel Blockchain Communication Protocol (MTBCP). It has built an inter-chain blockchain ecosystem utilizing the Random Proof of Stake (RPOS) consensus, WhiteCoin Axis, WhiteCoin Wallet, a decentralized pool, and a smart contract platform.
One of the more important features is Whitecoin Anchored Multi-properties (WAMP), which refer to assets from other chains that are anchored to WhiteCoin. For instance, WETH is an anchored version of ETH on WhiteCoin. Thus, each WAMP holds a genuine blockchain asset (e.g. BTC, ETH, etc.). All assets are placed into either hot or cold multi-signature addresses that are managed by the RPOS consensus protocol. The amount of each asset is adjusted in accordance with user deposits/withdrawals so as to guarantee that no additional or removed assets will be made on the WhiteCoin network without cause.
Moreover, Turing-Complete smart contracts of WhiteCoin enable users to process versatile and intricate services like financial contracts. Developers can create constrained and manageable dynamic extensible applications. This includes constructing token agreements, trading pacts, lock deals, and a range of dApp contracts without having to alter the original code of the blockchain.
The Random Proof of Stake (RPOS) consensus mechanism is a stochastic multi-asset equity deposit system. In essence, it outlines the roles of participants, provides incentives, and governs the community.
The XWC token is the native utility asset of the protocol. Want to see the current or the previous XWC price? Check out the WhiteCoin price chart above.
Use Cases of XWC Tokens
The XWC coin provides users with a variety of benefits. For instance, network participants are rewarded with block rewards, transaction fees, and contract withdrawal fees based on how many XWC crypto tokens they possess. Additionally, the token enables users to upgrade their status from citizens to candidates in the network.
Who Founded WhiteCoin?
WhiteCoin is a community-based project that was founded in 2014. There's not much information about the founders of the platform. The operations, technology development, and various issues are managed by the Whitecoin Foundation, which is a Singapore-based non-profit organization.
The maximum supply of XWC tokens is pegged at 1 billion. The distribution schedule of the token is not publicly available. Since the supply of the token is fixed, it might result in XWC becoming more scarce in the future. This could reflect positively on the WhiteCoin price.