Question 1

Has the price of the Lobstex (LOBS) changed today?

Accepted Answer

The current price of Lobstex (LOBS) is A$ 0.00547981, having increased by +0.00% in the last 24 hours. As the dynamics of the crypto market changes, we observe the price fluctuations in accordance with market trends.

Question 2

What exactly is Lobstex (LOBS)?

Accepted Answer

Lobstex, symbolized as LOBS, is a unique cryptocurrency that operates under the Zerocoin protocol. The primary aim of Zerocoin is to design a protocol that promotes decentralization using e-cash schematics, offering high standards of user anonymity and security for coin transactions. These protections are based on the straightforward premise of distributed consensus with online and append-only transactions over a blockchain. Originally implemented on ZCoin, LOBS adopts Zerocoin protocol and improves upon it, particularly through the feature known as zLOBS which employs zero-knowledge proofs.

Question 3

Who are the people behind Lobstex?

Accepted Answer

While the team behind Lobstex is mentioned on the official website, it should be noted that the cryptocurrency has been built upon the foundations of the Zerocoin protocol, originally implemented for ZCoin. The team behind LOBS have contributed to the development and adaptation of this protocol for their own coin.

Question 4

How exactly does Lobstex work?

Accepted Answer

Lobstex operates on the Zerocoin protocol. The unique feature of Lobstex, zLOBS, relies on zero-knowledge proofs to ensure the privacy and security of transactions. The zLOBS feature enforces these zero-knowledge proofs and will be activated at the 43201 block, marking the end of the Proof of Work (PoW) stage.

Question 5

What makes Lobstex unique?

Accepted Answer

Lobstex's uniqueness stems from the way it enforces transaction security and user anonymity. As a user of LOBS, you can benefit from the zLOBS feature which enhances transaction security using zero-knowledge proofs, thereby adding an additional layer of privacy protection.

Question 6

How can I set up a Lobstex Masternode?

Accepted Answer

Setting up a Lobstex Masternode involves certain basic requirements. Firstly, you need a minimum of 10,000 LOBS coins. You also require a Virtual Private Server (VPS) running Ubuntu 16.04 x 64, which needs to be operational 24/7 for wallet hosting. Additionally, a dedicated IP address is necessary. Lastly, you must have additional storage space to house the blockchain.

Question 7

Can you gauge the circulation of Lobstex?

Accepted Answer

To make an accurate estimate of the current circulation of LOBS coins, one needs to look at the . This figure signifies the volume of LOBS that has been mined or generated and is in the hands of the public.

Question 8

Where can you actually purchase Lobstex (LOBS)?

Accepted Answer

If you're interested in purchasing Lobstex (LOBS), you can easily do so on any of the Graviex, Probit available that currently list and support LOBS.

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