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PAC Protocol (PAC) is the 1456th largest cryptocurrency in the world by market cap, valued at $2,823,907. The current price of PAC Protocol is $0.00016203, which is 2.625% higher than yesterday. Prices have ranged between $0.00017036 and $0.00015 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 02:01 UTC.
PAC Protocol (previously known as PaCoin) is a digital network intending to disrupt the current fintech environment and transition society towards a crypto-first payments system. PAC Protocol allows business, merchants and enterprises to send money globally without worrying about scalability, large fees or delays.
The project claims to be the largest decentralized masternode networks globally, boasting well over 22,000 nodes around the world. Given its huge network distribution, environmental impact was a natural concern for the developers, who completed the switch to a Proof-of-Stake consensus mechanism in response.
The team behind PAC Protocol developed an app named PACapp, which allows PAC holders to manage their assets, complete transactions and keep up to date on the project’s latest news. Another key application for the token is yanSAFE, which can both be used as a wallet, or a medium for running a node and earning rewards via a PC or Mac.
PAC is the native token of the Pac Protocol and is used primarily as a digital currency, or for operating a node to secure the network (staking) in exchange for additional PAC tokens.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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