Oxen Price

What is Oxen?

Oxen is a decentralized, open-source blockchain platform designed to enable fast, secure and low-cost transactions. It was created in 2017 by a team of developers who wanted to create an efficient and user-friendly platform for digital asset transfers. Oxen uses a consensus mechanism called Delegated Proof of Stake (DPoS) which allows users to securely and quickly transfer funds without the need for third parties or intermediaries. The network also features smart contracts, allowing users to create applications that can be used for various purposes such as crowdfunding, voting, and more.

Oxen's native token, OXEN, is used to pay transaction fees on the network. It can also be used as a form of collateral when creating smart contracts. Additionally, OXEN holders are able to vote on important decisions regarding the network's development. This helps ensure that the network remains secure and reliable.

Overall, Oxen provides users with an efficient way to send digital assets quickly and securely while keeping costs low. With its focus on decentralization and security, it has become one of the most popular blockchains in the world.