What is Nyancoin?

"Nyancoin is a currency system. Like other currencies, it's value can decrease and increase at any time. It can be exchanged for goods and services, passed from one person to another, and generally used in the same way as any other currency.

Unlike other currencies, it is not backed by gold or any other physical substances. It has no central authority, does not belong to any particular country, government or anyone else.

The 'crypto' part refers to the way that the currency operates. Complex mathematical calculations are used to validate and process the currency, something which is shared between the computers connected to the Nyancoin network. Each computer running the Nyancoin software contains a complete record of every single Nyancoin transaction, and continually receives new information from the rest of the network."

- Nyancoin.info
...
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General

TICKER SYMBOLS
NYAN
AGE
5 years old (January 06, 2014)
CURRENT PRICE
$0.000713
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.01146
Last year
CIRCULATING SUPPLY
333,051,466.11 coins
Updated 6 seconds ago via coingecko.com
MARKET CAP
$237,399
Updated 2 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (337,000,000 coins)
PRE-MINED / RESERVED
Yes (3,302,600 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
CURRENT BLOCK REWARD
42.125 coins
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every 180 blocks (~3 hours)
1
Nyan (NYAN)
1000000
Nillion