Nibble (NBXC)

Nibble is the currency used in the Nibble Network - A decentralized blockchain reward system. Deposits can be made and interest is paid out on those deposits, effectively staking your coins and locking them into the network until a later time.

Nibble Network enables the use of untraceable encrypted messaging and a secure way to transfer funds.

Nibble Features:

The reward system is a form of cold staking (via Hash-Timelocked-Contracts) that earns interests on locked deposits. Ring signatures for anonymous payments. With our latest version of Nibble, we have transitioned to the Conceal PoW mining algorithm. Decentralized, anonymous, untraceable end-to-end encrypted messaging service that operates on the blockchain while allowing messages that self-destruct.

Nibbles emission is generated from two primary sources:

Proof of Work (PoW) mining. A computational calculation used to create and verify a new block of trustless transactions on the blockchain.

Cold Staking (Depositing coins for rewards). A form of passive interest income generated on a timed deposit and earned when the deposit matures.

Cold Staking (Depositing coins for rewards) is created by an issuance of a Time Locked Contract.

This contract is a type of transaction that includes an amount to be deposited of NBXC, a destination key, and a length of time (expressed in weeks and blocks) to lock. Once the transaction is completed, it contains the field unlock time and output-specific parameters and is included in the blockchain, as usual. When the Time Locked Contract expires the total transaction amount will be earned (the original amount of NBXC deposited along with the generated interest).