Novacoin (NVC) is a cryptocurrency that was created to provide a decentralized, secure and private payment solution. It is a peer-to-peer digital currency that can be used to make payments without banks or other financial institutions. Novacoin was founded in 2013 by Pavel Vasin and is based on proof-of-stake (PoS) consensus algorithm. Novacoin is unique from other cryptocurrencies as it allows its users to mine coins at such a low cost and provides them with fast transaction speeds and secure transaction speeds. It also offers a unique reward structure to its users for maintaining the decentralized network. Novacoin’s reward structure gives an incentive for its users to remain online and active in the network. Novacoin is used as a payment method for goods and services online, similar to how other cryptocurrencies are used. It is also used as a form of investment in the cryptocurrency market. The exchange rate between Novacoin and other currencies such as the US dollar or the euro is determined by the market and can fluctuate. NVC can be bought and sold on cryptocurrency exchanges such as Binance and Poloniex. Novacoin can also be traded on crypto-to-fiat exchanges such as Coinbase and Kraken. Investors can make use of wallets such as Omni or Electrum-NVC to store their Novacoin. Novacoin has seen its fair share of criticisms and positive responses throughout its history. However, with its fast transactions and secure environment, Novacoin has become a popular cryptocurrency among users worldwide. Comment 1: I recently started investing in Novacoin. I'm glad I did because the coin has been doing very well! Comment 2: Novacoin is a great cryptocurrency for people who want to buy and hold for the long term. The low cost and fast transaction speeds make it appealing.