What is WhiteCoin (XWC)?
Future of XWC Cryptocurrency and know how to buy XWC

#1 - Whitecoin : The Basics

Whitecoin is one of the older class of cryptocurrencies with a focus on innovative software that securely handles transactions. The coin is gaining mileage because it maintains anonymity in all transactions, which we’ll discuss down below.

What is Whitecoin

  1. Whitecoin is a decentralized & open source based blockchain. The Whitecoin cryptocurrency is denoted by the symbol XWC. Its total supply is 248 million XWC tokens.
  2. XWC was launched on 13 April 2014 without an initial coin offering.
  3. It uses Proof-of-Stake algorithm to secure the network & has its own operating software, WhiteOS which customizes the Ubuntu environment to enable portability of XWC coins.

Whitecoin Development

  1. The coin had a rough start with a developer who disappeared soon after launch. Due to this, its transition into the Proof-of-Stake (PoS) phase was stalled and XWC was almost lost. Gradually the coin gained support from several investor. Developers took over the coin and continued mining.
  2. The community-focussed development team is continually improving its code. It is not controlled by any single entity. Globally investors & developers work on a volunteer basis.

  3. The Whitecoin development team claims to be working on improving its, voting technology, polling and the main bitcointalk.org thread. It is also planning to upgrade WhiteOS for more security.

 

#2 - Whitecoin Technology

  1. WhiteOS is a secure & portable operating software that optimizes & hardens Ubuntu environment. This software can be easily used on PC or laptop & can also be stored on a USB. It lets users store and carry around their XWC coins safely anywhere they go.
  2. A TOR proxy which runs locally by default redirects the Whitecoin wallets & browsers. So, the moment USB storing WhiteOS is unplugged, all transaction history & activity is deleted from the host PC/ laptop. This ensures anonymity and privacy for all transactions and clients.
  3. Whitecoin users can run their wallets using WhiteNode. WhiteNote is ahighly optimized image for the Raspberry Pi that uses requires minimal hardware requirements. This reduces consumption & provides a low cost solution to safely stake coins.
  4. The use of Proof-of-Stake creates a trustless exchange model through which network participants exchange goods or services without digitally identifying one another. It also lets XWC coin holders to stake their coins & earn an annual interest rate of 5% . This also secures the network against third party miscreants.
  5. Whitecoin is dependent on community participation - it runs via a complex organizational structure that decides its fast. Called the WhiteCoin General Assembly, this organisation conducts periodic reviews via which its network operators propose new innovations and projects, deliver progress reports on their work, and review other developments.
  6. Multiple subcommittees - dealing with aspects such as policy, marketing, and core development, oversee progress and ongoing work.
  7. It’s a fairly democratic, flat organisational structure with minimal hierarchy that keeps the core organisation running.

Features

  1. Anonymity: Transactions directed through Whitecoin blockchain use Whitecoin addresses for sending and receiving funds and does not use any personal identifying information.
  2. Transparency: All transactions can be audited as it has a transparent ledger that shares everyone’s bank history but does not reveal their identity.
  3. Faster:  Whitecoin offers a fast network for WhiteCoin transactions as every minute a block is mined which fastens confirmation times. New Whitecoin users can quickly import their unsynced initial blocks from a local file by eliminating the need to download blocks from random peers using “bootstrap.dat”.
  4. Portability & Security: XWC coins can be accessed & mined easily even on old PCs & laptops as it uses WhiteOS software which offers a cold storage that cannot be infected from malware/keyloggers that are running on the windows environment of that PC.

 

#3 - How to Buy and Store Whitecoin ?

How to buy Whitecoin / How to buy XWC

Whitecoin is available to trade on multiple exchanges like Bittrex, Xchange.me, ASBTC, etc. It can also be bought against fiat currency using IndaCoin. But with the XWC cryptocurrency being available over many exchanges, it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the Whitecoin cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for XWC. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the XWC crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

Whitecoin Storage

Whitecoin can be stored in the Whitecoin wallet which has a built in block-explore. There are various third party wallets that can be used to store XWC coins like:

- Windows

- Linux wallet

- Mac

- TREZOR wallet

- Ledger Nano S.

 

#4 - What is the future of Whitecoin ?

Also Read: Complete Analysis of WhiteCoin | Live WhiteCoin (XWC) Price Charts And Predictions

  1. As of June 2018, its market capitalisation stands at $28 million USD . The maximum supply of the Whitecoin cryptocurrency (XWC) is about 300 million XWC.

  2. With anonymity and fast transaction speeds, Whitecoin may be set up for a strong run in the markets. An upgradation to PoS V3.0 in 2017 led to greater community engagement, increased trading volume and also increased the price to $ 0.29 in January 2018.

Many analysts suggest it will eventually grow to $0.27 by 2020 as it is being listed on more exchanges.

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jun 01, 2018

0.128260

0.133523

0.122669

0.126306

66,915

31,935,400

May 01, 2018

0.066106

0.067739

0.064072

0.066577

81,660

16,454,300

Mar 01, 2018

0.119195

0.134331

0.118734

0.128356

153,836

29,650,200

Jan 01, 2018

0.221413

0.246122

0.200340

0.215282

1,501,840

55,044,000

 

#5 - How is Whitecoin different from other cryptocurrencies?

As discussed earlier, Whitecoin has multiple standout features making it unique from most other cryptocurrencies.

  1. Whitecoin offers the rare combination of stability, cyber-security and longevity through its innovative technology. Whitecoin transactions are processed as anonymously as Bitcoin.
  2. Various services and merchants are integrated to the Whitecoin blockchain which helps it gain traction from crypto enthusiasts world over.
  3. Whitecoin users are awarded 5 XWC for each stake if they keep their wallet open to secure the network.
  4. Whitecoin is faster than its peers & retargets difficulty after every block. It has a block time of 1 minute as against Bitcoin which has a block time of 10 minutes.

#6 - Should you invest in Whitecoin/Invest in XWC?

  1. WhiteCoin offers stability, growth, and has compelling technological developments. This can grow its community and make it a market leader in global remittances.
  2. It is a haven for investors seeking anonymity as transactions are untraceable. With easy to use communication tools, Whitecoin is set for mass commercial adoption.
  3. Whitecoin is driven by a strong & stable community base that is constantly upgrading the blockchain network. This can create synergies and lure more investors which can push for a bull run in the long term.
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