Denominations | |
---|---|
Plural | Primecoin, primecoins |
Nickname | XPM |
Subunits | |
0.001 | mXPM (millicoin) |
0.000001 | μXPM (microcoin) |
0.00000001 | Smallest unit |
Demographics | |
Official user(s) | International |
Administration | |
Issuing authority | None, the primecoin peer-to-peer network regulates and distributes through consensus in protocol.[citation needed] |
Date of introduction | 7 July 2013[1] |
Inflation_rate | Limited release, production rate before this limit re-evaluated with the production of every block (at a rate of approximately 1 block per minute) based on the difficulty with which primecoins are produced.[citation needed] |
Primecoin (Abbreviation: XPM) is a cryptocurrency that implements a proof-of-work system that searches for chains of prime numbers.