What is Onyxcoin (XCN)?

Onyxcoin (XCN) is a decentralized digital asset operating on a high-performance Layer 1 blockchain designed for financial institutions and real-world applications.

How does Onyxcoin work?

Onyxcoin operates on a sovereign Layer 1 blockchain utilizing asynchronous Byzantine Fault Tolerance (aBFT) consensus, supporting up to 24,000 transactions per second.

What are the key technical features of Onyxcoin?

Onyxcoin is fully EVM-compatible, allowing existing Solidity contracts to deploy without modifications. It is designed to bridge decentralized finance with regulatory frameworks.

What are the risks associated with transferring Onyxcoin?

Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.

How can I verify the acquisition of Onyxcoin?

Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.

Where can I find official resources for Onyxcoin?

Official resources for Onyxcoin can be found on their website at https://onyx.org and their GitHub repository at https://github.com/Onyx-Protocol.

Onyxcoin (XCN)

Rank #146

Market snapshot

Price: $0.00306714
Market cap: $135.3M
24h volume: $5.2M
Circulating supply: 44,100,081,635.2608
Total supply: 53,402,422,627.3244
Max supply: 68,892,071,756.909

What is Onyxcoin?

Onyxcoin is a fully decentralized digital asset intended for real-world finance. It operates on a high-performance Layer 1 blockchain that caters to payments and financial institutions. The Onyx blockchain bridges decentralized finance with regulatory frameworks, allowing institutions to leverage blockchain capabilities while maintaining control and oversight.

How Onyxcoin works

Onyxcoin operates on a sovereign Layer 1 blockchain tailored for banks and financial institutions. It utilizes asynchronous Byzantine Fault Tolerance (aBFT) consensus, enabling up to 24,000 transactions per second (TPS). The blockchain is fully EVM-compatible, allowing existing Solidity contracts to deploy without modifications. Onyx provides institutional and commercial tools for building blockchain products seamlessly, supporting a wide range of financial applications.

Key information

Symbol: XCN
CMC rank: #146
Network / platforms: Base, BNB Smart Chain (BEP20), Ethereum, Onyx
Categories: N/A
Date added: Mar 9, 2022

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Base
0x9c632e6aaa3ea73f91554f8a3cb2ed2f29605e0c
BNB Smart Chain (BEP20)
0x7324c7C0d95CEBC73eEa7E85CbAac0dBdf88a05b
Ethereum
0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18

Key characteristics

Onyxcoin features a high-performance Layer 1 design specifically for financial institutions. It bridges decentralized finance with regulatory compliance, ensuring that institutions can adopt blockchain technology without sacrificing oversight. The blockchain supports high transaction throughput and is compatible with existing Ethereum-based applications, facilitating integration into current systems.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Onyxcoin (XCN)?: Onyxcoin (XCN) is a decentralized digital asset operating on a high-performance Layer 1 blockchain designed for financial institutions and real-world applications.
How does Onyxcoin work?: Onyxcoin operates on a sovereign Layer 1 blockchain utilizing asynchronous Byzantine Fault Tolerance (aBFT) consensus, supporting up to 24,000 transactions per second.
What are the key technical features of Onyxcoin?: Onyxcoin is fully EVM-compatible, allowing existing Solidity contracts to deploy without modifications. It is designed to bridge decentralized finance with regulatory frameworks.
What are the risks associated with transferring Onyxcoin?: Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
How can I verify the acquisition of Onyxcoin?: Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.
Where can I find official resources for Onyxcoin?: Official resources for Onyxcoin can be found on their website at https://onyx.org and their GitHub repository at https://github.com/Onyx-Protocol.

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