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Infinium

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Discover Infinium's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Infinium?

Infinium (INF) is a cryptocurrency that operates on its own blockchain, utilizing the Cryptonight hashing algorithm for security and integrity. It is currently trading at $0.0012 USD, with a 24-hour change of +1.92% and a significant trading volume. Infinium is listed on one exchange with six active markets, and its market cap ranks it as #10174 among all cryptocurrencies.

How is Infinium used?

Infinium (INF) is a privacy-centric cryptocurrency that utilizes the CryptoNote protocol. It is an open-source implementation, which means that its code is publicly available for review and modification. The CryptoNote protocol is designed to provide enhanced privacy features, making Infinium suitable for users who value anonymity in their transactions.

Infinium does not have its own blockchain; instead, it operates on an existing blockchain. This allows it to leverage the security and infrastructure of the underlying blockchain while maintaining its unique features and use cases.

In terms of usage, Infinium can be traded on exchanges, with a current price of $0.003261 per coin. It has a 24-hour trading volume of $37.83 and is listed on one exchange with six active markets. Users can find more information about Infinium on its official website, infinium.space.

Infinium's security is underpinned by its hashing algorithm, Cryptonight, which ensures the integrity of transactions on the network. The cryptocurrency is currently in its alpha version, indicating that it is still in the development stage.

Overall, Infinium is designed for users who prioritize privacy and security in their cryptocurrency transactions. Its unique features and use cases make it an attractive option for those seeking enhanced anonymity in the crypto space.

How do I store Infinium?

To store Infinium (INF) tokens, you can use a variety of methods depending on your specific needs and preferences. Here are a few options:

  1. InfiniTokens: These are customizable, reusable dry erase cards and tokens that can be used for various purposes, including storing tokens. They are durable, portable, and can be easily labeled with a marker.

  2. Deck Boxes: You can store your tokens in deck boxes designed for trading card games like Magic: The Gathering. These boxes can hold a large number of tokens and are easy to transport.

  3. Small Containers: You can use small containers or bags to store your tokens, making them easy to carry around and organize.

  1. Token Boxes: Specialized token boxes are available that can hold a large number of tokens and are designed for easy access and organization.

  2. Dry Erase Counters: Dry erase counters can be used to represent tokens and can be easily labeled and reused.

These methods provide flexibility and convenience for storing and managing your Infinium tokens.

How to buy Infinium?

To buy Infinium (INF) tokens, you can follow these steps:

  1. Choose an Exchange: Infinium is listed on multiple exchanges, including those mentioned in the sources. You can select one of these exchanges to purchase the tokens.

  2. Create an Account: Once you have chosen an exchange, create an account on their platform. This typically involves providing personal information and verifying your identity.

  3. Deposit Funds: Deposit the necessary funds (e.g., USDT) into your exchange account. This will be used to buy the Infinium tokens.

  1. Place an Order: Navigate to the Infinium (INF) market on the exchange and place a buy order for the desired amount of tokens.

  2. Store Your Tokens: After purchasing the tokens, ensure you have a compatible wallet to store your Infinium tokens securely. You can find compatible wallets on websites like CryptUnit.

Remember to always research and understand the fees, risks, and market conditions before making any investment decisions.

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History of Infinium

Infinium (INF) is a privacy-centric cryptocurrency that uses the CryptoNote protocol. It was created in 2014 by forking the Cryptonote protocol but was abandoned soon after by its original developer. The project remained dormant for several years, with various developers attempting to revive it but failing to do so.

In 2020, a new team led by Jacob and 313 took over the project. They modernized the code, fixing several issues and releasing Infinium 2.0.0 in November 2020. This update fixed an inflation bug and lowered the block reward in half. Subsequent updates, such as Infinium 2.0.1 and 2.0.2, addressed other issues like seed node connections and total supply calculations.

In 2021, Infinium 3.0.0 was released, introducing new mining algorithms and a developer fee. Later, Infinium 3.1.0 removed the developer fee, replaced one mining algorithm, and decreased the block time to 15 seconds. Today, Infinium continues to evolve, having overcome its difficult past and now being listed on exchanges and supported by its community.

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How Infinium works

Infinium (INF) is a privacy-centric cryptocurrency that uses the CryptoNote protocol. It was created in 2014 by forking the CryptoNote protocol but was initially abandoned by its original developer. Despite several attempts by various developers to revive it, Infinium remained in a state of disrepair until a new team took over in 2020.

Key Features
  • Blockchain: Infinium operates on its own blockchain, which is independent from other cryptocurrencies.
  • Consensus Mechanism: It uses a Proof of Work (PoW) consensus mechanism, which ensures the security and integrity of the network.
  • Algorithms: The cryptocurrency supports multiple mining algorithms, including cn/lite v7, cn/v8, and cn/asic, allowing for different types of mining hardware to be used.
  • Block Time: The block time has been adjusted over time, with the current version having a block time of around 15 seconds.
  • Supply: The total supply calculation mechanism was fixed in Infinium 2.0.2, resolving an issue where the total supply variable was overflowing.
Development History
  • Initial Launch: Infinium was launched in July 2014 as an open-source reference implementation of CryptoNote, coded from scratch.
  • Hard Times: After its initial launch, the project faced difficulties, with several developers attempting to revive it but ultimately leaving the project.
  • New Start: In October 2020, a new team led by Jacob and 313 took over, modernizing the code by forking Bytecoin v3.4.2 and making it compatible with the Infinium network. This led to the release of Infinium 2.0.0 in November 2020, which fixed the inflation bug and lowered the block reward.
  • Subsequent Updates: Further updates, such as Infinium 2.0.1 and 2.0.2, addressed issues with seed nodes and total supply calculations. Infinium 3.0.0 introduced new mining algorithms and a developer fee, while Infinium 3.1.0 removed the developer fee and adjusted the block time.
Current Status
  • Market: Infinium is currently listed on several exchanges and has a market capitalization, although the exact value is not specified.
  • Hashrate: The network hashrate varies across different algorithms, with cn/0, cn/zls, and cn/lite v7 having different hash rates.
  • Community: Infinium has a dedicated community and is supported by various entities, ensuring its continued development and growth.

In summary, Infinium is a privacy-focused cryptocurrency that has overcome significant challenges to become a functional and evolving network. Its unique features, such as multiple mining algorithms and a PoW consensus mechanism, contribute to its security and integrity.

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Infinium's strengths

The token Infinium (INF) has several strengths that contribute to its unique value proposition:

  1. Play-to-Earn Model: Infinium tokens are generated through gameplay, allowing players to earn tokens based on their in-game achievements and milestones. This model empowers gamers and creates a new avenue for value creation within the game's ecosystem.

  2. Security and Transparency: Built on the EOS Blockchain, INF transactions are fast, efficient, and cost-effective, ensuring the utmost security and transparency in the in-game economy.

  3. Digital Reflection of Infinium: The INF token serves as a digital counterpart to the powerful resource Infinium, mirroring its significance in the digital realm. It offers players a tangible representation of the coveted resource they strive to harness.

  1. Versatility: INF tokens can be used to engage in various aspects of the game's economy, such as acquiring assets, trading with peers, and actively participating in the virtual ecosystem.

  2. Unique Tokenomics: Infinium's tokenomics are designed to bridge the gap between gameplay and blockchain technology, providing a fresh and engaging experience for players.

These strengths collectively contribute to the token's value and utility within the Infinia gaming universe.

Infinium's risks

As an investor in Infinium (INF), a cryptocurrency, you are exposed to various financial risks that can impact your investment. Here are some key risks to consider:

  1. Market Risk: The value of INF can fluctuate significantly due to market volatility, which can result in losses if you sell your assets at a lower price than you bought them for.

  2. Liquidity Risk: If there are more sellers than buyers, you may not be able to sell your INF quickly enough or at a favorable price, leading to potential losses.

  3. Credit Risk: If the developers or entities involved with INF default on their obligations, it can negatively impact the value and stability of the cryptocurrency.

  1. Operational Risk: Poor management, technical issues, or security breaches within the INF ecosystem can lead to financial losses and undermine investor confidence.

  2. Legal and Regulatory Risks: Changes in laws, regulations, or legal disputes can affect the legality and viability of INF, leading to potential losses for investors.

  3. Speculative Risks: Investing in a cryptocurrency like INF carries inherent speculative risks, as the success of the project is uncertain and market sentiment can shift rapidly.

  1. Currency Risks: If you are dealing with foreign currencies to invest in INF, you are exposed to exchange rate fluctuations, which can impact your investment's value.

  2. Default Risks: If the entities involved with INF default on their debt obligations, it can have a ripple effect on the entire market and impact your investment.

  3. Volatility Risks: Cryptocurrencies like INF are known for their price volatility, which can result in significant losses if you are not prepared for market fluctuations.

  1. Systemic Risks: The cryptocurrency market as a whole can be affected by systemic risks, such as a global financial crisis, which can impact the value of INF and your investment.

It is crucial to thoroughly understand these risks and take steps to manage them effectively to ensure the long-term success of your investment in Infinium (INF).

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Infinium's ecosystem

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Infinium’s team

  • Jacob: Created an Infinium pool and modernized the code by forking Bytecoin v3.4.2, releasing Infinium 2.0.0 in November 2020.
  • 313: Collaborated with Jacob to modernize the code and make Infinium functional again.
  • Nimoria: Attempted to fix the old seed nodes and made pull requests to the original Infinium repository but was unsuccessful.
  • Campurro: Fixed the compilation of the original code in GCC 5 and hosted seed nodes and mining pools for a long time but eventually left the project.
  • Helium2017: Hosted seed nodes and mining pools and created a Discord group for Infinium in early 2020 but was unable to make the project functional.

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