Launched on 1 June 2019 by a team based in Switzerland, Counos X was designed to facilitate payments and clearing purchase invoices, especially for easy exchange with fiat money. While its price is determined in the market, attempts will be made to prevent its value from fluctuating too much.
Counos X is a coin which has been developed according to the newest version of Litecoin. This coin is introduced with the purpose of offering the latest most popular services in cryptocurrencies payment.
Counos X has been developed according to Litecoin version 17.1. Its Validation method is the Proof of Work. Each new block is generated in the average time of 2.5 minutes.
The number of coins to be offered in this network has not been limited, but in the first stage about 18,300,000 coins have been mined. In the following stages, in case the duration between two mined blocks is more than 2 minutes, the first block after it will be awarded 0.035 coins. Other blocks will not be awarded; in other words, the maximum of 25 coins will be generated in a day.
All BIPs supported by Litecoin version 17.1 will be backed in Counos X. SegWit is active by default.
The applied algorithm is the Scrypt and the equipment which is able to mine Litecoins can be used to mine the new coins.
This coin is changeable into other cryptocurrencies or fiat money at the market rate in Counos Exchange and Counos Decentralized exchange service.
In addition, it will be possible to buy gold and other goods supplied in real001 store by this valuable coin.
Soon the possibility of trading this currency will be provided in reputable and well-known exchanges.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.