Novacoin NVC to Cryptoindex.com 100 CIX100 Exchange

Crypto Pair Details: NVC to CIX100

Novacoin NVC

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.

Cryptoindex.com 100 CIX100

'Cryptoindex.com 100 (CIX100) is a digital expression of the top coins that continuously recalculates itself. The index represents a mathematically computed value of all the coins, included in the structure of the index, which is changing every second along with the movements of their price. It is integrated with the multitude of main cryptocurrency exchanges, tracking of tens of millions of trades and orders per day. The unique aspect of Cryptoindex is that it tracks the entire crypto market, not just the Bitcoin space but taking into account the likes of Ripple and Ethereum and etc. Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources. The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100. Rebalancing of the Cryptoindex 100 happens monthly, when the composition of the index is changed by up to 22% on average. '

SOURCE: COINGECKO

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