Onyxcoin price

XCN

#623

Onyx Protocol is designed to be a shared, multi-asset, cryptographic ledger. It supports the coexistence and interoperability of multiple independent networks, with different operators, sharing a common format and capabilities. Using the principle of least authority, control over assets is separated from control over ledger synchronization.

The Onyx Protocol allows any network participant to define and issue assets by writing custom “issuance programs.” Once issued, units of an asset are controlled by “control programs.” These programs are expressed in a flexible and Turing-complete programming language that can be used to build sophisticated smart contracts. Each network is secured by a federation of “block signers.” The system is secure against forks as long as a quorum of block signers follows the protocol. For efficiency, block creation is delegated to a single “block generator.” Any node on the network can validate blocks and submit transactions to the network.

XCN has a limited fixed supply of 48b tokens with 23b tokens in circulation. The remaining XCN tokens are distributed as follows: * 15,000,000,000 XCN allocated to the DAO * 10,000,000,000 XCN allocated to the Treasury

Onyx users can stake their tokens for a 41.85% return, at the time of writing in October 2023.