Chives Coin Price(XCC)

Chives Coin (XCC) is a cryptocurrency project that launched in 2021, aiming to provide a green and eco-friendly alternative within the Web3 space. It positions itself as a low-power, decentralized blockchain system. The project was officially released on June 30, 2021, with its binary file for mining becoming available on July 5, 2021. Chives Coin was founded by E. Savenkov, Y. Zikun, and T. Box. Chives Coin operates on its own blockchain and utilizes a Proof-of-Space-and-Time (PoST) consensus mechanism, distinguishing it from traditional Proof-of-Work (PoW) cryptocurrencies by using unused hard disk space for "farming" (mining) rather than intensive computational power. Some sources also mention the use of Proof of Service (PoSE). It is a hard fork of Chia. A notable feature is that Chives XCC's plots are not interchangeable with Chia's, which is intended to enhance its security against 51% attacks. The project emphasizes decentralization, with no pre-mine or initial coin offering (ICO), and operates with community autonomy. Chives Coin implements a two-layer network. The first layer involves farmers using hard disk space, while the second layer is supported by Master Nodes. These Master Nodes are responsible for enabling instant transactions, decentralized management, and budget decision-making, and do not participate in mining activities. Block rewards are distributed, with a percentage allocated to miners/farmers and another portion to the community, which is later governed by Master Node voting for projects beneficial to the network. The Chives ecosystem includes its own blockchain explorer and a proprietary wallet. The development team is exploring use cases such as NFT gaming projects and aims to support stablecoins, tokens (like ERC-20), NFTs (like ERC-721), automated exchanges (AMM), and mobile wallets on its blockchain. Chives Coin also engages in environmental initiatives, funded through community donations. As of May 2025, the official website of Chives Coin (chivescoin.org) went offline. Learn more

Looking to buy How to buy XCC? The process is simple and hassle-free! You can easily purchase XCC on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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