About NovaCoin
Novacoin is based on hybrid Proof-of-Work and Proof-of-Stake block generation methods with separated target limits.
Volume (24h)
$17.09
-8.96 %
NovaCoin (NVC)
$ 0.02
-8.96 %
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updated $0Market cap$0
Volume 24h$17.09
NovaCoin (NVC) is one of the older cryptocurrencies, launched back in 2013. It's a hybrid coin that combines two ways of creating new coins and securing the network: mining (Proof of Work) and staking (Proof of Stake). Simply put, it's a decentralized digital money you can send to anyone without a bank in the middle.
Frequently asked questions
What is NovaCoin and how is it different from Bitcoin?
NovaCoin (ticker NVC) is a peer-to-peer digital currency, but unlike Bitcoin it uses a hybrid consensus model instead of pure Proof of Work. This means both miners and coin holders participate in securing the network. It was also designed with faster transaction confirmations and a different emission curve compared to Bitcoin.
How does NovaCoin's hybrid PoW/PoS consensus work?
The network is protected by two mechanisms at once: miners solve cryptographic puzzles (scrypt-based PoW) to add blocks, while holders of NVC can stake their coins to generate blocks and earn rewards. This combination makes the network harder to attack than one relying on a single mechanism. It also reduces the energy intensity compared to pure PoW coins.
How is the supply of NovaCoin issued?
New NVC coins are created through both mining and staking rewards, and the emission rate gradually decreases over time. Unlike Bitcoin, there is no fixed hard cap — the total supply grows asymptotically and approaches but never quite reaches a theoretical limit. This design was intended to keep the network incentivized long-term.
How can I store and use NovaCoin?
You can store NVC in the official NovaCoin wallet, available for download from the project's website at novacoin.org. Keeping the wallet online and unlocked allows you to stake your coins and earn PoS rewards. As with any cryptocurrency, always back up your wallet keys and never share your seed phrase with anyone.