
Specie (SPX)
Key data
updated $0Specie (SPX) is a cryptocurrency that runs on a Proof-of-Stake blockchain, meaning the network is secured by coin holders rather than energy-hungry mining rigs. Think of it as a digital asset where people who lock up their SPX help verify transactions and keep everything running. The project's official home on the web is specie.info, where you can find the latest details straight from the source.
Frequently asked questions
What is Specie (SPX) and how is it different from Bitcoin?
Specie is a Proof-of-Stake cryptocurrency, while Bitcoin uses Proof-of-Work mining. Instead of competing with computing power, SPX holders can stake their coins to help secure the network and earn rewards. This makes transactions cheaper and the network far more energy-efficient than mine-based chains.
How does the Proof-of-Stake consensus work for SPX?
In Proof-of-Stake, validators are chosen to confirm transactions based on the amount of coins they lock up as collateral, not on how powerful their hardware is. If a validator acts dishonestly, their staked SPX can be slashed, which keeps everyone honest. This design secures the network without the massive electricity consumption of mining.
How is the supply of Specie issued?
New SPX enters circulation as staking rewards paid to validators who process transactions and secure the blockchain. Because there's no mining, issuance is predictable and tied directly to network participation rather than hardware competition. For exact supply figures and current stats, check the live data on this page or the official site.
How can I store and use SPX?
Like most cryptocurrencies, SPX is stored in a wallet — you'll need one that supports the coin, and keeping your private keys safe is entirely your responsibility. You can send and receive SPX to anyone with a compatible wallet address, typically with low fees thanks to the PoS design. Always download wallets from official sources listed on specie.info to avoid scams.