Details about Primecoin cryptocurrency
Primecoin
XPM
4+ (click to see list)
2013-07-07
1
€637,846 ( -1.14466%)
€2,822
25,381,219
26.285
Unknown
1849340x
€46517
Primecoin price charts
XPM exchanges
Primecoin, the crypto
Primecoin (XPM) is a cryptocurrency that was launched in 2013 based on proof-of-work consensus algorithm, similar to Bitcoin. However, unlike Bitcoin, Primecoin uses a unique proof-of-work algorithm that searches for prime number chains, which are considered to be a valuable form of mathematical research.
The point
The main point of Primecoin (XPM) is to create a cryptocurrency that offers a new and innovative way of mining coins. Rather than using traditional hashing algorithms, Primecoin's algorithm is designed to find prime number chains, which are beneficial for mathematical research. This allows users to earn rewards while contributing to valuable research.
The problem
Primecoin (XPM) aims to solve the problem of wasted computing power in traditional proof-of-work consensus algorithms. By searching for prime number chains, which are considered to be a valuable form of mathematical research, Primecoin ensures that the computing power used to mine the coins is not wasted. Additionally, the Primecoin algorithm has the potential to contribute to valuable scientific research.
Compare XPM and BTC performance
| Timeframe | XPM | BTC |
|---|---|---|
| 1h change | 0.120618 % | -0.234911 % |
| 24h change | -0.96 % | 1.25967 % |
| 7 day change | -4.78 % | -1.44157 % |
| 14 day change | -1.55 % | -9.47799 % |
| 30 day change | 7.29 % | -7.33786 % |
| 200 day change | 5.7 % | 129.168 % |
| Year change | -23.15 % | 129.33 % |