What is TEXITcoin?

TEXITcoin (TXC) is a decentralized, proof-of-work cryptocurrency that was forked from Litecoin. It utilizes the Scrypt hashing algorithm and offers merged mining for enhanced network security. TEXITcoin aims to facilitate fast, low-cost peer-to-peer transactions and has a total supply cap of 353 million coins over a period of 138 years.

As a Layer 1 blockchain, TEXITcoin provides support for custom Layer 2 tokens, enabling communities to create their own cryptocurrencies linked to its network. The coin is exclusively mined in Texas, reflecting a focus on local control, transparency, and use as a medium of exchange for goods and services.