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Gapcoin Price (GAP)
$0.00546644
5.09%
Rank #3163
Gapcoin Price Chart (GAP/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
# | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
---|---|---|---|---|---|---|
1 | ProBit Global | GAP / USDT | $0.19998900 | 17.35% | $19 | |
2 | Freiexchange | GAP / BTC | $0.00571008 | 3.57% | $1 | |
3 | Unnamed | GAP / BTC | $0.00528765 | 6.90% | $0 | |
4 | Unnamed | GAP / UTIP | $0.00592903 | 43.33% | $0 |
GAP Price Statistics
$0
24H Range
$0
- Gapcoin Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $1
- Market Cap Rank #3156
- Market Cap $94,448
- Volume / Market Cap 0.0000
-
All-Time High
$2 -99.77%
Mar 30, 2022 -
All-Time Low
$0 2,812.25%
Feb 04, 2019
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Gapcoin: The Cryptocurrency Redefining Efficiency
A Brief Introduction
Gapcoin is a cutting-edge cryptocurrency that aims to revolutionize the efficiency of cryptographic mining. By utilizing a unique algorithm, Gapcoin optimizes the mining process, minimizes energy consumption, and ensures a fair distribution of rewards among miners. Let's delve deeper into this innovative digital currency.The Algorithm Behind Gapcoin
Gapcoin is based on a unique algorithm known as "Prime-Gap Proof-of-Work" (PGPoW). Unlike many other cryptocurrencies that utilize computational power, Gapcoin focuses on finding prime number gaps, known as "sexy primes." These prime number gaps occur when there are exactly six numbers between two prime numbers, such as 7 and 13.The Gapcoin algorithm aims to discover these gaps, making it highly compatible with low-power CPUs and hardware. By utilizing prime number gaps as the basis for mining, Gapcoin reduces the energy consumption and environmental impact associated with traditional mining methods.
Achieving Equitable Distribution
Gapcoin strives to ensure a fair and balanced distribution of rewards among miners. To achieve this, Gapcoin implements the Elliptic Curve Digital Signature Algorithm (ECDSA) to distribute block rewards in a secure, efficient, and transparent manner.The integration of ECDSA helps eliminate any potential centralization of mining power, allowing even individual miners to participate and be rewarded accordingly. As a result, Gapcoin provides a level playing field for all miners, fostering decentralization within its ecosystem.
Environmental Benefits
One of the major advantages of Gapcoin is its significantly reduced energy consumption compared to traditional cryptocurrency mining. By focusing on prime number gaps rather than computational power, Gapcoin reduces the reliance on energy-intensive hardware.This eco-friendly approach helps minimize the environmental impact caused by excessive energy usage in the mining process. Gapcoin's energy-efficient algorithm enables miners to contribute to the network's integrity without straining natural resources or contributing to carbon emissions.
Final Thoughts
Gapcoin is trailblazing the way for more efficient and environmentally conscious mining techniques in the cryptocurrency space. With its unique algorithm, equitable reward distribution, and reduced energy consumption, Gapcoin sets a new standard for the future of digital currencies.As cryptocurrency continues to evolve, Gapcoin demonstrates that innovation can go hand in hand with sustainability. By embracing this forward-thinking cryptocurrency, we can pave the way for a greener and more inclusive future in the world of finance.