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GalaxyCoin (GLX)

GLX

Galaxycoin (GLX) is a descedant of Novacoin, it uses both Proof of Work and Proof of Stake.

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Website: GalaxyCoin

Algorithm: Scrypt
Proof Type: PoW/PoS
Fully Premined: no

Galaxycoin (GLX) is a descedant of Novacoin, it uses both Proof of Work and Proof of Stake. It is effectively resistent to 51% attack. There are 64 coins per block and a block target time of 30 seconds. The difficulty retargetting is smoothed based on the last ten blocks average. Mining block rewards need 50 confirmations and transactions need 3 confirmations.