Lobstex Crypto Price Prediction, Value and Chart (LOBS)

Lobstex (LOBS) Frequently Asked Questions

What is Lobstex?

Lobstex is an anonymous cryptocurrency using SwiftX instant transactions. It is widely distributed among all the base currency peers, ensuring that the system can remain available even when many nodes are compromised and a parallel between anonymous transactions to transparent consensus. With Lobstex Zerocoin technology users can 'mint' traceable LOBS into a private coin (untraceable LOBS) and then send or receive private transactions with the Zerocoin Protocol. The process of spending and minting new coins can be done for an infinite number of times ensuring full anonymity. (Description provided by CryptoCompare)

How do I buy Lobstex?

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 Lobstex.

Where can I get Lobstex wallet?

Lobstex produces its own wallet software that is available for download on its website, which allows you to store Lobstex 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 Lobstex?

One Lobstex (LOBS) is currently worth $0.06 on major cryptocurrency exchanges. You can also exchange one Lobstex for 0.00000112 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Lobstex in U.S. dollars is $1.29 million.

What hashing algorithm does Lobstex use?

Lobstex is a proof of stake (PoS) coin that uses the Quark algorithm.

How do I mine Lobstex?

Lobstex is a proof-of-stake (PoS) currency, which means that blocks on the Lobstex blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.

What coins are similar to Lobstex?

The following coins use the same hashing algorithm (Quark) as Lobstex: Sapphire, TenUp, MalwareChain, Beacon, Modern Investment Coin, ESBC, Scrypta, DogeCash, SafeInsure, StrongHands Masternode, Decentrahub Coin, NestEGG Coin, Crypto Sports, Helix and Hashshare.

What is the Reddit page for Lobstex?

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