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Magi (XMG)

$ 0.00
4.41 %
Main info
News
Comments
Markets
Analytics
Market cap
$81.49K
4.41 %
Circulating supply
18,426,378 XMG
Total supply
18,426,378 XMG

About Magi

Coin MAGI is a digital payment solution. MAGI is decentralized and running constantly without downtime and the need of interference by intermediary, authorities and censorship. People can make payments using MAGI to anyone in the world freely. In the meantime, anyone can issue MAGI coins through their personal devices, and software-based mining or minting processes. MAGI is implemented utilizing the proof-of-work and proof-of-stake protocols. MAGI puts efforts on removing the competitive nature of mining, and particularly focuses on fairness, cost effective and energy efficiency when issuing coins and maintaining the public ledger and the blockchain system.

Key data

updated $0
Market cap$81.49K
Volume 24h$0
Circulating supply18.43M

Magi (XMG) is a hybrid cryptocurrency combining Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms. It's mineable and designed to balance security and energy efficiency. The project focuses on decentralization and accessibility for users.

Frequently asked questions

What is Magi (XMG) and how is it different?

Magi (XMG) is a hybrid cryptocurrency using both PoW and PoS, offering a balance between security and energy efficiency. Unlike purely PoW coins, it reduces energy consumption while maintaining decentralization.

How does Magi's consensus mechanism work?

Magi uses a hybrid PoW/PoS system: PoW secures the network through mining, while PoS allows holders to earn rewards by staking their coins, enhancing network participation.

How is XMG's supply distributed?

XMG is mineable via PoW, and new coins are also generated through PoS staking. The dual-system ensures a fair and sustainable emission model over time.

How can I store and use XMG?

XMG can be stored in compatible wallets supporting PoS functionality, allowing users to stake coins. It can be traded on exchanges or used for transactions where accepted.