PayCoin (XPY)

PayCoin (XPY) is a cryptocurrency that made its entrance to the crypto market at the beginning of 2014. Originated from the United States, it was founded by a respected digital currency investor and entrepreneur, and was the talk of the town for a few weeks upon launch due to its innovative features and technical specifications. PayCoin, which is an open source project, has an incredibly innovative and optimized algorithm for block generation. It is based on the Hybrid SHA-2 algorithm. This means that miners are able to produce faster platform performance, deep-level security, and greater scalability. Because of PayCoin’s advanced hashing algorithm, it also enables a high level of transaction speed, making it an ideal choice for both traders and investors. One of the major advantages of PayCoin is its ability to provide faster payments without excessive validation. This is made possible by its unique transactional structure, which routes the transactions through ‘gateways’. This allows the transaction to be carried out quickly on the platform, reducing the verification process by a significant amount. In addition, PayCoin also places an emphasis on privacy, allowing users to maintain their anonymity such as when making a purchase or a transaction. However, even with such privacy, PayCoin still enables a secure environment for users, since data flows and authentication is highly secure. PayCoin can be purchased in a number of ways. One of the most popular methods is via an exchange. Coinmama is a good exchange as it offers users the ability to buy, sell and store their XPY coins with ease. There are also several other exchanges that users can also explore such as Binance and Bittrex. PayCoin is a unique cryptocurrency with a lot of potential in the market. It offers great performance by minimizing transactions costs, adds an extra layer of security, eliminates the need for miners in validating transactions, and makes transactions much faster. Above all, it puts an emphasis on privacy and delivers an array of features. It definitely aims to revolutionize the world of digital currency and is worth looking into.