Coin Features

SwiftX

Instant Transactions: SwiftX transactions are confirmed and spendable within seconds. SwiftX transactions are guaranteed by the network of masternodes, with no need to wait for multiple confirmations in order to be confident in the validity of the transaction.

Masternode

Masternodes are incentivized nodes that receive rewards based on their availability and their ability to offer network services in a decentralized and trust-less manner. Running a masternode requires 10,000 NOVA coins collateral for as long as you choose to run the masternode. These nodes are the backbone of the present and future services offer on the Novacash network, and as such are, on average, rewarded at a slightly higher level compared to staking similar amounts.

Code Base: PoS 3.0 Bitcoin Core 0.10.x

Novacash is a proof of stake cryptocurrency to be based on the version 0.10 or higher Bitcoin codebase. The PoS structure utilised does away with coin age, meaning in order to get the most out of your staking you must keep your wallet open at all times, resulting in more constantly available nodes, strengthening the network. No more users opening their wallet once or twice a month for a few minutes and getting rewarded equally with those that have 24/7 up-time with their wallet.


Low Transaction Fees

Novacash has incredibly low transaction fees that are typically a fraction of a penny due to the PoS efficiency. This means it is perfect for micro-transaction business pricing models that previously existed using Bitcoin.