Swap (XWP) Price, historic Charts, and Detailed Metrics

What is SWAP (XWP)?

The SWAP (XWP) cryptocurrency was created by the community and boasts fast transaction speeds. The goal of this cryptocurrency is to prioritise fairness and transparency.

It also aims to provide robust privacy measures and a secure blockchain. Additionally, it strives to be for easy adoption.

The transaction’s privacy criteria are enforced thanks to the CryptoNote. It is the protocol serving as its foundation.

Cryptocurrencies that prioritise privacy often utilise Cryptonote, an open-source application layer protocol. This technology serves as the foundation for these coins. Swap aims to safeguard against external attacks.

Moreover, the block time in SWAP is just fifteen seconds. It ensures higher transaction volume and faster confirmations.

Block time is the term used to describe the duration of time that a miner spends performing mining activities.

Miners participate in a competition to authenticate transactions in a block. It leads to the formation of a new block.

SWAP pools provide a platform for miners to team up. It allows them to combine their resources to share block rewards.

The SWAP mini pool offers miners low-latency. It is a measure of delay, and they are not required to pay any pool fees.

One of the main advantages of using the SWAP platform is that there are no transaction fees involved. It is a significant benefit. The SWAP operates on a feeless governance model. SWAP does not collect any governance fees under any circumstances. The SWAP utilises miner tons of encouraging the upkeep of network security.

Information

Here is some information about the SWAP (XWP) for better readability:

SWAP (XWP) is a cryptocurrency that was created to provide a secure and private way of making transactions.

It is based on the CryptoNote protocol and uses ring signatures to ensure that transactions are untraceable.

The SWAP team is committed to developing a user-friendly platform. That is accessible to everyone, regardless of their technical expertise.

Moreover,The ultimate goal of SWAP is to become the go-to cryptocurrency. It is for privacy-conscious individuals and businesses.

History

SWAP’s website became available to the public on February 15, 2019. In May 2019, the internet saw the launch of the light web wallet.

An online wallet that is light in weight can quickly send and receive SWAP transactions. It is done through the user’s preferred web browser.

SWAP was initially established by Sebastian Green, Long Huynh, Greg Almeida, Nick Cadden, and Tiago Santos.

On December 11, 2018, FreeHaven underwent a name change to SWAP. At that time, all code connections with Haven were also severed. On December 16th, 2018, SWAP introduced support for hardware wallets. Currently, there are 18.4 million XMP tokens in circulation.