BitZeny price is $0.00023968
The current price of BitZeny (ZNY) is $ 0.00023968 and in the last 24 hours, it has increased by +0.00%. It has a market capitalization of $ and its trading volume in the last 24 hours was around 0.0.
BitZeny (ZNY) is a unique cryptocurrency from Japan that has positioned itself as CPU-only mining friendly. That means you can effectively mine BitZeny using a regular, everyday PC. This is a significant feature since most cryptocurrencies require specific, often high-end equipment like GPUs or ASICs for mining. BitZeny claims to utilize an algorithm, Yescrypt-0.5, which is suitable for CPU mining and doesn't cater well to GPU and ASIC mining.
BitZeny was created by a group of Japanese developers in November 2014. Their vision was to create a cryptocurrency that allowed anyone to easily participate in mining, resembling a direct clone of Bitcoin in this aspect. The currency unit is denoted by 'ZNY' and the total number of coins to be issued is capped at 250 million.
BitZeny functions in a much similar way to Bitcoin, but with some considerable differences. The algorithm it uses for mining, Yescrypt-0.5, is designed explicitly for CPU mining, enabling anyone with a regular computer to participate in the mining process. BitZeny's difficulty adjusts using the DarkGravityWave3 algorithm, ensuring the mining difficulty remains proportional to the total computing power on the network.
The distinctive identity of BitZeny lies in its miner-friendly approach. BitZeny has positioned itself as a democratizing force in the world of cryptocurrency, making it possible for anyone with a CPU-based PC to mine tokens. Because GPUs and ASICs don’t provide significant benefits for mining BitZeny, individuals can mine without making a substantial investment in specialized hardware.
Besides that, BitZeny has an active community of miners. Moreover, BitZeny has created its ecosystem where it is not only mined but also accepted as a form of payment in some restaurants.
As of now, there are BitZeny (ZNY) in circulation. The total supply is capped at 250 million ZNY.
BitZeny (ZNY) can be purchased on the following exchanges: CREX24, Cryptopia, Nova
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