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A purple backgroun with a linda coin in a gold spotlight.

Lindacoin Bursts onto the Cryptocurrency Scene

Reading Time: 2 minutes by on August 26, 2017 Altcoins, News

Named after a beautiful and sweet name that almost everyone admires, Lindacoin is a cryptocurrency offering passive daily income. As a new entrant to the scene, the coin is jumping on the popularity of masternodes, best exemplified by the altcoin DASH. By holding a certain amount in their node, users can earn a fixed return for helping to secure the network.

Lindacoin came into existence in July 2017 and offers a return in two ways, through staking and running a masternode. The blockchain is a hybrid model combining proof of work and proof of stake. Like litecoin, a Scrypt hashing algorithm is used.

Masternode holders can expect an annual return of around 99 percent and ensure instant, lightning fast transactions for Lindacoin, abbreviated as LINDA. To run a masternode, you will need to stake 30 million LINDA, with a minimum stake age of 24 hours. Alternatively, you will be able to stake your balance to receive a small return.

At the time of writing, just over 13 percent of the total LINDA supply is locked in 26 masternodes. Masternodes obtain 50 percent of the block reward, which amounts to 7,075 LINDA per block.

The main exchange where you can acquire LINDA is Cryptopia, a popular exchange for small-cap cryptocurrencies. The coin is also available on Yobit and CoinExchange.

Currently, the coin is ranked low according to CoinMarketCap.com but there is plenty of potential for this young crypto, as Lindacoin also plans to offer encrypted messaging and private transactions using stealth addresses.

Wallets for Windows, Linux and MacOX are currently available, with iOS, Electrum and Android comptability coming soon.

Transactions are confirmed within one second, so Lindacoin is likely to become hugely popular and may become another Dogecoin, rivalling its market capitalization in the next year or so.

Lindacoin is another fast cryptocurrency used for payments and with a small, but growing, community, it could see signficant growth in the rest of 2017.

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