Ixcoin
Crypto Overview
Overview
Ixcoin (IXC) was one of the earliest Bitcoin forks, launched in 2011. It aimed to serve as a peer-to-peer digital currency with faster transaction times than Bitcoin. The project appears to have been largely inactive for several years with minimal development activity.
Purpose and Utility
The intended purpose of Ixcoin was to function as a medium of exchange and store of value, similar to Bitcoin but with some technical modifications. Current usage appears to be minimal, with very low trading volume and limited recent blockchain activity.
Business Model and Technology
As a Bitcoin fork, Ixcoin uses Proof of Work mining and operates on its own blockchain. The core technology appears to be a direct modification of Bitcoin's codebase. There is no evidence of the project engaging in any haram activities like gambling, interest-based lending, or adult content.
Development and Adoption
There is very limited recent development activity visible on the project's repositories. The coin does not appear to have significant real-world adoption or active usage. Trading volumes are extremely low on the few exchanges where it is listed.
Token Distribution
Due to the age of the project and limited available information, details about the initial distribution and current token holdings are unclear. As an early Bitcoin fork, it likely followed a mining-based distribution model similar to Bitcoin.
Crypto Impact
To assign a comfort level investing in Ixcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ixcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.