Ixcoin is a peer-to-peer currency based on Bitcoin with a shorter maturity. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network which currently secures Ixcoin with 10 PetaHash/s. Ixcoin is the first Bitcoin clone or Alternative chain, created in May 2011 just a few weeks after the distributed DNS Namecoin. Today, there exists many Bitcoin clones.

Project

  • Community-driven open source, released under the MIT license
  • Direct fork of Bitcoin project closely mirroring future Bitcoin updates
  • Project Developers
    • Thomas - (PGP)

    • Vlad Roberto – vlad2vlad@yahoo.com

      Want to help? Join us

Community

  • Join the Ixcoin.eu Community
  • Join the project's lively IRC channels on the FreeNode network or use the FreeNode Web IRC.
    • #ixcoin (Peering and some chatter)
    • #ixcoin-discussion (General Ixcoin-related)
    • #ixcoin-dev (Development and technical)
    • #ixcoin-otc (Over The Counter exchange)
    • #ixcoin-market (Live quotes from markets)
    • #ixcoin-mining (GPU mining related)
  • Twitter Search
  • Facebook Page

Download (old)

If you're finding trouble finding peers, please add "addnode=198.154.60.183" and "addnode=50.116.37.18" to your ixcoin.conf or add it to the startup command line -addnode=198.154.60.183 -addnode=50.116.37.18

Download (new beta 9.2)

This unverified implementation for windows is available HERE and is still undergoing testing. Please use with caution.

Here are additional nodes to bootstrap the client: addnode=109.145.47.15 addnode=85.25.213.103 addnode=158.222.168.97 addnode=101.98.161.9 addnode=69.207.6.135 addnode=108.170.37.114

 

FAQ

Here you will find answers to the most commonly asked questions about Ixcoin.

Contents

General

What is Ixcoin?

Ixcoin is an open source digital currency, based on the cryptocurrency Bitcoin, which is distributed over a peer-to-peer network to offer irreversible, low-cost, anonymous and decentralized monetary transactions. Ixcoin is the first Bitcoin clone or Alternative chain, created in May 2011 just a few weeks after the distributed DNS Namecoin. Today, there exists many Bitcoin clones.

Ixcoins are the unit of currency of the Ixcoin system. Similarly to Bitcoin's BTC, a commonly used shorthand for this is “IXC” to refer to a price or amount (eg: “100 IXC”). An Ixcoin isn't tangible. It is just a number associated with a Ixcoin Address, which is a string of 33 numbers and letters which begin with the letter x such as xa9jpgHugb2pTCpzoZcDdiHKepy8mjpddX. See also an easy intro to bitcoin.

How does Ixcoin differ from Bitcoin?

  • Shorter maturity period

There are currently ~11M (as of June 2013) in existence and it is expected that all 21 million Bitcoins will have been generated by 2033. Whereas there are currently ~13M Ixcoins (as of June 2013) in existence and it is expected that all 21 million Ixcoins will have been generated by 2015. This is because 16*6=96 IXC are created per new block, instead of 50 BTC in Bitcoin.

Ixcoin maturity will be reached ~18 years before Bitcoin's. By mid-2013, the number of IXC and BTC will reach parity (for a brief moment).

See the graph below comparing Bitcoin's and Ixcoin's inflation over time:

Ixcoin vs Bitcoin Inflation Rates

  • New blockchain

Although Bitcoin's blockchain is in the same format as Ixcoin's, they use different genesis blocks and have a different reward scheme. So Bitcoins will not be valid in the Ixcoin blockchain and vice-versa.

  • Different default ports

Bitcoin's operating port 8333 is changed to 8337 with Ixcoin.

Bitcoin's RPC server port 8332 is defaulted to 8338 in Ixcoin.

  • Merged Mining

Ixcoin switch to merge mined with Bitcoin in 2012. Merge mining allows a Bitcoin miner to mine for more than one block chain at the same time. The benefit is that every hash the miner does contributes to the total hash rate of both (all) currencies, and as a result they are all more secure.

  • New key format

Wallet public keys now start with the letter x instead of the number 1 as in Bitcoins:

Bitcoin wallet key

175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W

Ixcoin wallet key

x75tWpb8K1S7NmH4Zx6rewF9WQrcZv245W

Where is my wallet stored in Ixcoin?

Your Ixcoin wallet is stored in the Ixcoin data directory. This is the same location format as with Bitcoin and will typically be of the form:

  • Windows XP C:\Documents and Settings\YourUserName\Application data\IxCoin
  • Windows Vista/7 C:\Users\YourUserName\Appdata\Roaming\IxCoin
  • Linux ~/.ixcoin/
  • Mac ~/Library/Application Support/Ixcoin/


Can I use my bitcoin.conf and bitcoin.pid with Ixcoin?

Yes. Just rename them respectively to ixcoin.conf and ixcoin.pid and move them to your system's wallet directory (see above). Alternatively, use the command switches -conf=<file> and -pid=<file> respectively to point to your custom bitcoin.conf and bitcoin.pid files.

Are there any other differences between Ixcoin and Bitcoin?

Apart from those listed above, Ixcoin is a direct fork of the original Bitcoin source code. The goal is for Ixcoin to mirror Bitcoin's code exactly (apart from listed differences) in the future.

Note that dnsseeds are disabled by default in the build until an Ixcoin DNS seed formed.

How many Ixcoins will there be?

21 million Ixcoins, just like Bitcoin. But Ixcoin will reach full maturity ~18 years before Bitcoin.

Can I run both Ixcoin and Bitcoin at the same time?

Yes. Both clients can run side-by-side.

Are Bitcoin client clones compatible with Ixcoin?

Most Bitcoin client clones will need minor modifications to work with Ixcoin such as changing the operating port to 8337, altering the blockchain verification code if any and changing the address generation algorithm.

Can I use my Bitcoins as Ixcoins?

No. Bitcoins have the same relationship to Ixcoin as they have to any other currency (e.g. USD, GBP). You would need to exchange/convert them for valid Ixcoins first via an exchanger service.

Are my Bitcoin addresses compatible with Ixcoin?

No. Your Bitcoin addresses/keypairs will not be recognized by the Ixcoin blockchain, so although they might work they will not point to valid Bitcoins (and vice-versa).

You will need to either mine Ixcoins or use an exchanger to convert fiat currency or Bitcoins for Ixcoins.

How do I convert my Bitcoins to Ixcoins?

Via an exchanger that will buy/sell bitcoins for Ixcoins and vice-versa, such as VircurEx. Cryptsy Cex Io IX co Six

How do I mine Ixcoins?

As of October 2014 mining is complete but the blockchain can still send coins because of merged mining with bitcoin.

What is value of a Ixcoin?

Like Bitcoins and other currencies, the current spot value of a Ixcoin with regards to other denominations will likely vary depending on supply and demand.

Where can I download Ixcoin source code?

Please go to https://github.com/ixcoin/ixcoin The latest (beta) source is here https://github.com/IXCoin-Dev/IXCoin/tree/iXcoin

Where can I download precompiled Ixcoin client?

Please go to http://sourceforge.net/projects/ixcoin/ for the 9.2 beta release https://github.com/GroundRod/IXCoin/releases

What license if Ixcoin distributed under?

Under the MIT License, like Bitcoin

What does the Ixcoin version number mean?

Ixcoin will keep the same version naming convention as the Bitcoin releases. Therefore version 0.03.24.0 of Ixcoin corresponds to a modified version of Bitcoin release 0.03.24.0. The intend is to keep Ixcoin tailing any new updates to Bitcoin. The latest beta is equal to bitcoin 9.2

Who owns Ixcoin?

Everybody. You are welcome to submit code to the https://github.com/ixcoin/ixcoin which the community members in the https://ixcoin.com/forum will vote to include or not in the next release of Ixcoin. However, Ixcoin is intended to closely mirror code updates to Bitcoin (except for differences previously outlined) to allow for easy interoperability with Bitcoin-related third party services and APIs.

Who created Ixcoin?

The Ixcoin fork of Bitcoin was created by Thomas Nasakioto in May 2011.

Is it profitable to mine Ixcoin?

With merged mining, little extra work is necessary to mine Ixcoin alongside Bitcoin which benefits both chains and increases rewards.

Will Ixcoin replace Bitcoin?

Ixcoin will exist in parallel to Bitcoin, just like multiple currencies coexist today. Exchanges will enable BTC/IXC conversions and the market will determine the value of each.

Where can I find out more about Ixcoin?

Since most Bitcoin-related material also applies to Ixcoin, please refer to the Bitcoin Wiki for more information. For current events board members of the Ixcoin foundation are often online here in the bitcion forum Bitcoin forum LINK Current active members of the Ixcoin foundation are Vlad2Vlad deadsea33 cinnamon_carter