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  1. Bitcompare
  3. ArtCoin (AC)
ArtCoin logo

ArtCoin

AC • Cryptocurrency

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Best ArtCoin (AC) Prices in the UK

PlatformCoinPrice
AzbitArtCoin (AC)8.89

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Price of ArtCoin (AC) in the UK Today

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ArtCoin Purchasing Guide

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Top Pairs for ArtCoin in the UK

AVAXAVAXACAC
BTCBTCACAC
BNBBNBACAC
ADAADAACAC
LINKLINKACAC
DOGEDOGEACAC
ETHETHACAC
STETHSTETHACAC
DOTDOTACAC
SHIBSHIBACAC
SOLSOLACAC
XLMXLMACAC

Supported Exchanges in the UK

Azbit logo
Azbit

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About ArtCoin (AC)

ArtCoin (AC) operates on the Ethereum blockchain, having recently migrated from its previous ETH contract to a new one, which is crucial for ensuring the integrity and security of its transactions. While specific details regarding its consensus mechanism and network architecture are not disclosed, ArtCoin benefits from Ethereum's robust infrastructure, which employs a proof-of-stake consensus model that enhances scalability and energy efficiency. This transition to a new contract signifies a commitment to maintaining a secure and efficient network, allowing for seamless transactions and interactions within the ArtCoin ecosystem. For ongoing updates and technical details, users are encouraged to follow the latest news from official sources.
ArtCoin (AC) primarily serves as a digital currency within the art and creative industries, facilitating transactions for digital art, collectibles, and other creative assets. One notable application is its use in enabling artists to tokenize their work, allowing them to sell pieces directly to collectors without intermediaries, thereby ensuring fair compensation. Additionally, ArtCoin can be utilised in crowdfunding initiatives for art projects, where creators can raise funds from supporters in exchange for exclusive access or ownership rights to their works. This innovative approach not only empowers artists but also fosters a vibrant community of art enthusiasts and investors.
The tokenomics of ArtCoin (AC) is designed to support its role within the art ecosystem, focusing on a balanced supply mechanism and a fair distribution model. While specific figures regarding total supply and circulating supply are not provided, ArtCoin aims to create scarcity through a controlled issuance strategy that incentivises early adopters and active participants in the network. The distribution model typically involves allocations for developers, community incentives, and partnerships, ensuring that stakeholders are aligned with the long-term growth of the project. This approach not only promotes stability in the market dynamics of AC but also encourages engagement and investment from users interested in the evolving landscape of digital art and collectibles.
ArtCoin (AC) leverages the security features inherent in the Ethereum blockchain, which employs a proof-of-stake consensus mechanism that enhances network security and transaction validation. This process involves validators who are selected to create new blocks and confirm transactions based on the amount of cryptocurrency they hold and are willing to stake as collateral. This not only incentivises honest behaviour among validators but also reduces the risk of malicious attacks, as any attempt to compromise the network would result in a loss of their staked assets. Additionally, the migration to a new ETH contract underscores a commitment to maintaining robust security protocols, ensuring that all transactions are securely recorded on the blockchain and protected against unauthorised alterations.
The development roadmap of ArtCoin (AC) outlines a strategic plan aimed at enhancing its ecosystem and user engagement. A significant milestone was the recent migration from the old ETH contract to a new ETH contract, executed to improve security and functionality. This transition is part of a broader initiative to expand ArtCoin's usability in the digital art space, including the introduction of features that facilitate the tokenisation of art and streamline transactions for creators and collectors. Future objectives include the implementation of community-driven governance mechanisms and partnerships with art platforms to further integrate ArtCoin into the creative economy, thereby fostering a sustainable growth trajectory for the project.