Ixcoin is a peer-to-peer currency based on Bitcoin with a shorter maturity. Peer-to-peer means that no central authority issues new money or tracks transactions.
Ixcoins are the unit of currency of the Ixcoin system. Similarly to Bitcoin's BTC, a commonly used shorthand for this is “IXC” to refer to a price or amount. An Ixcoin isn't tangible. It is just a number associated with a Ixcoin Address.
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