ILCOIN Crypto Price Prediction, Value and Chart (ILC)

ILCOIN (ILC) Frequently Asked Questions

What is ILCOIN?

ILCOIN is a cryptocurrency payment platform. Users are allowed to perform digital tokens transactions through a blockchain-based mechanism implemented at the ILCOIN network. In addition, it is available at the platform a digital wallet designed for windows, android and iOS devices. The ILCOIN (ILC) token is a PoW (Proof of Work) cryptocurrency based on the SHA256 algorithm. It can be used as a medium to exchange value within the platform as well as to access available goods and services. The ILCOIN blockchain is an on-chain data storage system; developed not only to provide a strong foundation for the ILCOIN cryptocurrency, but also to open up a range of possibilities for safe yet transparent data storage, establishment of various smart contract systems and the launch of innovative decentralized applications running on blockchain systems. Facebook page (Description provided by CryptoCompare)

How do I buy ILCOIN?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including ILCOIN.

Where can I get ILCOIN wallet?

ILCOIN produces its own wallet software that is available for download on its website, which allows you to store ILCOIN on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of ILCOIN?

One ILCOIN (ILC) is currently worth $0.01 on major cryptocurrency exchanges. You can also exchange one ILCOIN for 0.00000025 bitcoin(s) on major exchanges. The value (or market capitalization) of all available ILCOIN in U.S. dollars is $4.93 million.

What hashing algorithm does ILCOIN use?

ILCOIN is a proof of work (PoW) coin that uses the SHA-256 algorithm.

How do I mine ILCOIN?

ILCOIN and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to ILCOIN?

The following coins use the same hashing algorithm (SHA-256) as ILCOIN: TerraUSD, DeFiChain, Elastos, MATH, NerveNetwork, BitCanna, OTOCASH, ASYAGRO, ZYX, eXPerience Chain, Props Token, 1Million Token, Ubricoin, GoldFund and Titan Coin.

What is the Reddit page for ILCOIN?

The official Reddit community (subreddit) for ILCOIN is r/ILCoinDevTeam.