Market cap
$29.62K
0.16 %
Circulating supply
15,156,364 OPAL
Total supply
15,156,364 OPAL
OpalCoin (OPAL)
$ 0.00
0.16 %
Main info
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Key data
updated $0Market cap$29.62K
Volume 24h$0
Circulating supply15.16M
OpalCoin (OPAL) is a hybrid cryptocurrency utilizing both Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms. It aims to combine the security of mining with the energy efficiency of staking. The project focuses on being a decentralized digital asset for everyday transactions.
Frequently asked questions
What is OpalCoin and how is it different?
OpalCoin is a hybrid cryptocurrency that uses both PoW and PoS, offering security through mining and energy efficiency through staking. This dual approach sets it apart from single-mechanism coins.
How does OpalCoin's consensus technology work?
OPAL starts with PoW mining for initial distribution, then transitions to PoS where holders can stake coins to validate transactions and earn rewards, reducing energy consumption over time.
How is OpalCoin's supply distributed?
New OPAL coins are created through PoW mining initially, with a gradual shift toward PoS rewards. The total supply follows a predetermined emission schedule designed to prevent inflation.
How to store and use OpalCoin?
OPAL can be stored in official wallets that support both mining and staking functions. It's designed for peer-to-peer transactions and can be traded on supported exchanges.