Onix is a decentralized credit and loan platform. The blockchain technology is thought to be the ultimate solution to the Venezuelan cash crunch. Onix uses a Proof of Work system to create new currency units and verify transactions‘ validity. The mining encryption algorithm is X11. The total supply is 111,812,138 ONX. Bitcoin is the main crypto-currency existing nowadays and the one with the highest market capitalization. Its flexibility to solve problems such as numbers of transactions for every block is limited. Probably this will lead to a collapse in the blockchain. Onix‘s digital asset was created with the directions to be the basis for the community construction. It is based on Bitcoin and the team has modified it to fit into their business model.Angel Salazar developed Onix in May 2017.He has experience in industrial maintenance engineering, marketing, sales and has a four year background as a blockchain entrepreneur.

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