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Cryptocurrencies:  7,500Markets:  31,612Market Cap:  $394,630,949,86124h Vol:  $82,615,773,775BTC Dominance:  61.0%
Market Cap:  $394,630,949,86124h Vol:  $82,615,773,775BTC Dominance:  61.0%Cryptocurrencies:  7,500Markets:  31,612
Lynx

Lynx (LYNX)

$0.000026 USD (-3.74%)
0.00000001 BTC (-4.20%)
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  • Market Cap
    $1,972,007 USD
    151.67451057 BTC
  • Volume (24h)
    $132.97 USD
    0.01022745 BTC
  • Circulating Supply
    76,970,317,808 LYNX
  • Total Supply
    77,871,867,787 LYNX
  • Max Supply
    92,000,000,000 LYNX

About Lynx

Lynx price today is $0.000026 USD with a 24-hour trading volume of $132.97 USD. Lynx is down 3.74% in the last 24 hours. The current CoinMarketCap ranking is #1034, with a market cap of $1,972,007 USD. It has a circulating supply of 76,970,317,808 LYNX coins and a max. supply of 92,000,000,000 LYNX coins. You can find the top exchanges to trade Lynx listed on our crypto exchanges page.

Lynx was launched on 24 December 2017 by a team based in Charlotte, N.C., and aims to create a stable, eco-friendly platform for application developers to use for storing and verifying critical data. The open-source Lynx blockchain is used by the for-profit company, Logware, to store data where immutable transparency is a key factor (i.e IoT sensors, transaction receipts, data loss prevention) for both encrypted and plaintext application use cases.

At Lynx (which started as a downstream clone of Litecoin), the team believes that for blockchain to be considered a secure platform in today’s marketplace, it must be created with global sustainability in mind. As such, its business rules discourage high-volume mining hardware because the code purposefully lacks incentives to mine it for profit. In addition, the entire Lynx network is designed to operate on a collaboration of low power devices (like Raspberry Pis) that everyday, non-technical users can run, resulting in a collective global mining cost of only dollars a day. This includes mining the coin and confirming transactions.

To accomplish this, the lead technical designer created ‘Hybrid Proof of Work’ to solve four primary problems related to standard Proof of Work (PoW). First, PoW encourages competitive, profit-driven mining. Second, competitive, profit-driven mining demands the use of expensive, high-powered computer processing to secure the network. Third, expensive, high-powered processing power is a barrier to entry for individuals who want to participate by mining the coin. This creates a hierarchical and inequitable system based on who can afford high-powered mining hardware and the electrical costs associated with them, and as a result, few miners control the entire network. Fourth, mining farms are filled with mining hardware that consume an ever-growing amount of electricity.

Hybrid Proof of Work reportedly brings stability to Lynx and maintains network integrity because of:

  • The low cost to maintain mining hardware in the global Lynx network.
  • The low work output of discrete mining hardware in the global Lynx network.
  • The lilliputian impact to the global Lynx network upon acute mining hardware failure.

Additional technical information can be found in the latest version of the white paper (co-written by Ben Wilson and Dr. A. Carreiro, published on March 17, 2019.) It includes information about the basic coin parameters, the HPoW phases of activation, and the block validation process. The white paper also includes information for non-technical users.

Lynx Price

Lynx Price$0.000026 USD
Lynx ROI
212.53%
Market Rank#1034
Market Cap$1,972,007 USD
24 Hour Volume$132.97 USD
Circulating Supply76,970,317,808 LYNX
Total Supply77,871,867,787 LYNX
Max Supply92,000,000,000 LYNX
All Time High
$0.000037 USD
(Sep 21, 2020)
All Time Low
$0.000003 USD
(Nov 27, 2018)
52 Week High / Low
$0.000037 USD /
$0.000011 USD
90 Day High / Low
$0.000037 USD /
$0.000011 USD
30 Day High / Low
$0.000027 USD /
$0.000017 USD
7 Day High / Low
$0.000027 USD /
$0.000019 USD
24 Hour High / Low
$0.000027 USD /
$0.000025 USD
Yesterday's High / Low
$0.000027 USD /
$0.000026 USD
Yesterday's Open / Close
$0.000026 USD /
$0.000026 USD
Yesterday's Change$-2.50e-7 USD (-0.96%)
Yesterday's Volume$74.45 USD
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