What is 42-coin (42)?

42-coin (42) is a cryptocurrency . Users are able to generate 42 through the process of mining. 42-coin has a current supply of 41.99995186. The last known price of 42-coin is 111,368.59909907 USD and is up 4.67 over the last 24 hours. It is currently trading on 1 active market (s) with $4,710.89 traded over the last 24 hours.

What is proof-of-stake in 42-coin?

Proof-of-Stake is term referring to the use of currency itself (ownership) to achieve certain goals. In the 42 it is used to provide 42 coin mining and transaction processing on a par with Proof-of-Work. 42-coin uses the mixed Coin-Age/CoinDayWeight approach to provide proofs of the stake.

Is there a dev team holding/allocation of 42-coin coins?

There is no dev team holding/allocation - all coins were distributed fairly during the mining stage in 2014-2016. 42-coin delivers a hybrid of Proof-of-Work and Proof-of-Stake transaction confirmation methods and represents a new way of securing the network against 51% attacks. All 42 coins have been mined.

Is 42-coin a deflationary cryptocurrency?

Traditional cryptocurrencies are mostly inflationary, with each new coin mined, the others lose their value. 42-coin is equipped with a deflationary architecture to combat the depreciation caused by inflation and create a superb store of value and stability. It is a completely decentralized and community-driven project.