aXpire has launched its latest technology innovation into the Fund Administration Services space. aXpire will initially serve to help asset and fund administrators and managers at banks, hedge funds, private equity firms and others to deal with the resource and time-costly process of allocating and apportioning outside vendor costs to each fund, or split of funds as is appropriate, based on the deal.
Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.