XSG, or SnowGem, is a cryptocurrency that focuses on privacy and security. It uses advanced cryptographic techniques to provide users with anonymous transactions, allowing for greater confidentiality compared to many other digital currencies.Launched in early 2018, XSG is based on the Equihash algorithm, which emphasizes resistance to mining centralization. This enables more participants to mine the currency using consumer-grade hardware, promoting decentralization.The primary goal of SnowGem is to ensure that users’ financial information remains private and secure. The project also aims to create a user-friendly experience, encouraging broader adoption among those who value their financial privacy.SnowGem has developed various features, such as a decentralized platform for transactions and a focus on community engagement. The project continues to evolve as developers work on enhancing its technology and expanding its use cases.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes