Generalize
Information
Information
What Is Chives (XCC)?
Chives is a proof-of-space-and-time (PoST) blockchain platform that aims to be a green alternative to PoW cryptocurrency. It utilizes a much greener process compared to traditional PoW algorithms, making it environmentally friendly.
Chives XCC was launched on June 30th, 2021, and the mining binary file was released on July 5th, 2021. It is a branch of CHIA XCH and allows farmers to mine Chives openly, fairly, and transparently using free hard disk space.
In addition to being a layer 1 blockchain, Chives XCC is developing a second-layer network supported by Master Nodes. These nodes will enable instant transactions, decentralized management, and budget decision-making. The Master Nodes are scheduled to be released on the network within the next 12 months.
10% of the block reward is allocated to building a healthy and complete Chives community environment. The Master Nodes will vote to fund projects that contribute positively to the network. Chives XCC also offers compelling use cases, such as NFT gaming projects.
For more information about Chives XCC, including its founders, network security, tokenomics, and future projects, continue reading.
Who Are the Founders of Chives?
Chives XCC was founded by crypto-enthusiasts E. Savenkov, Y. Zikun, and T. Box.
The founders are working on an environmental initiative in collaboration with The Chia plot and other Forks. This initiative will be funded through community donations. The initial forecast is to donate 10,000 XCC monthly to initiatives like https://edenprojects.org/ and/or https://water.org/. The final beneficiary will be determined by a network member vote once all legal details are concluded.
What Makes Chives Unique?
Chives XCC stands out for several reasons:
- It listens to what the blockchain community wants and analyzes what works.
- It is based on a Proof-of-Space consensus, similar to Chia, but with a greener approach. It has no pre-mine, no ICO, and smaller plot sizes, reducing stress on hardware during the plotting process.
- Chives XCC is working on implementing smart contracts, launching an NFT game, and introducing a Master Node system.
How Many Chives (XCC) Coins Are There in Circulation?
There is no maximum supply of Chives XCC, and the circulating supply is currently around 129,600,000.
Chives XCC has no pre-mine or ICO. It has a block issuance time of 18.75 seconds and a block reward of 200 XCC.
The block rewards distribution occurs in two stages:
- Stage 1: 90% is allocated to miners/farmers (180 XCC), and 10% goes to a community fund for network development (20 XCC).
- Stage 2: 45% is allocated to miners/farmers (90 XCC), 45% to Master Nodes (90 XCC), and 10% to the community fund.
The network undergoes halving every 3 years until the block reward reaches 12.5 XCC per block from the 13th year.
How Is the Chives XCC Network Secured?
Chives XCC utilizes a green PoST protocol for security.
At the time of writing, the network is secured by over 6,400 miners/farmers with a network space of 271 PB. Unlike other forks, Chives XCC ensures that farmers from the Chia network or other Chia forks cannot use plots/network space on the Chives blockchain. This enhances the security and reduces the risk of a 51% attack.
Chives XCC is actively developing Master Nodes to provide advanced services, governance, and security. These nodes hold full copies of the blockchain and are backed by Chives XCC collateral.
The network incentivizes participants in the network's smooth operation by rewarding miners/farmers and Master Nodes.
What Is Chives Farm?
Chives Farming Game is a play-to-earn concept inspired by games like Pokemon and Axie. It features a custom storyline and unique community-oriented gameplay.
The game offers breeding, battles, trading, and renting features. Players can earn passive income by renting out their pets to others. The rental income is divided into a 20/80 or 30/70 model. A marketplace will also be available for trading.
Chives Farm has six different pet races, each with 6-8 development paths and 10 variations. The game has complex mechanisms for pet growth, development, and the economic system.
Where Can You Buy Chives (XCC)?
As a new cryptocurrency, Chives XCC is currently listed on two exchanges: LBank and their own p2p exchange at chivescoin.net.
On LBank, the trading pair is XCC/USDT. The p2p exchange at ChivesCoin.net offers various pairs, including XCC/USDT, XCC/HVQ, and XCC/XCH.
Answers
What Is Chives (XCC)?
Chives is a proof-of-space-and-time (PoST) blockchain platform that aims to be a green alternative to PoW cryptocurrency. It utilizes a much greener process compared to traditional PoW algorithms. Chives XCC was released on June 30th, 2021, and offers free hard disk space mining for 90% of chives in an open, fair, and transparent manner. It is a layer 1 blockchain that is also building a second-layer network supported by Master Nodes, similar to networks like DASH. The Master Nodes enable instant transactions, decentralized management, and budget decision-making. The remaining 10% of the block reward is used to support the Chives community through projects voted on by the Master Nodes. Chives XCC also offers compelling use cases such as NFT gaming projects and has launched its blockchain explorer and proprietary wallet in July 2021.
Who Are the Founders of Chives?
Chives XCC was founded by crypto-enthusiasts E. Savenkov, Y. Zikun, and T. Box. The founders are also working on an environmental initiative in collaboration with The Chia plot and other Forks. This initiative will be funded through donations from the Chives XCC community funds and aims to support projects like https://edenprojects.org/ and/or https://water.org/ (the final beneficiary will be decided by a network vote).
What Makes Chives Unique?
Chives XCC stands out by prioritizing the wants and needs of the blockchain community. It uses a Proof-of-Space consensus similar to Chia but with a greener approach. It has no pre-mine or ICO and features a smaller plot size, reducing stress on hardware during the plotting process. Chives XCC is actively working on implementing smart contracts, launching an NFT game, and introducing a Master Node system.
How Many Chives (XCC) Coins Are There in Circulation?
There is no maximum supply of Chives XCC, and as of now, there is a circulating supply of approximately 129,600,000 coins. Chives XCC has no pre-mine or ICO and has a block issuance time of 18.75 seconds with a block reward of 200 XCC. The block rewards distribution occurs in two stages.
How Is the Chives XCC Network Secured?
Chives XCC is secured through a green Proof-of-Space-Time (PoST) protocol. The network currently has over 6,400 miners/farmers with a network space of 271 PB. Unlike other forks, Chives XCC does not allow farmers on the Chia network or other Chia forks to use plots/network space on the Chives blockchain, ensuring a higher level of security and reducing the risk of a 51% attack. Chives XCC is also developing Master Nodes backed by collateral, which will provide advanced services, governance, and security by holding full copies of the blockchain.
What Is Chives Farm?
Chives Farming Game is a play-to-earn concept inspired by games like Pokemon and Axie. It features a custom storyline and various gameplay elements such as breeding, battling, trading, and renting. Players can earn additional passive income by renting out their pets to others. The game will have six different pet races with multiple development paths and variations, ensuring a high level of pet variation. The game's economic system and growth mechanisms will be carefully designed to support the development and progression of pets.
Where Can You Buy Chives (XCC)?
Chives XCC is currently listed on two exchanges: LBank and their own p2p exchange at chivescoin.net. On LBank, the trading pair is XCC/USDT, while the p2p exchange offers multiple trading pairs including XCC/USDT, XCC/HVQ, and XCC/XCH.
Coin ranking
Popular Q&A
- Can you please provide a detailed description of the advantages of investing in XCC coin? I would like to know why it is a good investment option and what sets it apart from other cryptocurrencies.2021-11-28
- What are the potential use cases for xccelerate in the cryptocurrency industry? How can it benefit the industry?2021-11-28
- Can you explain the advantages of using xccy basis in the cryptocurrency industry? How does it benefit traders and investors?2021-11-28
- I'm curious about the current price of XCC coin. Can you please provide me with the latest price and any significant changes in the past few days?2021-11-28
- I'm interested in buying XCC coin. Can you please provide me with detailed instructions on how to purchase it?2021-11-28
- Can you provide a list of cryptocurrencies that are supported by xccelerate? I'm interested in knowing which digital currencies I can trade on the platform.2021-11-28