joule coin (xjo) cryptocurrency – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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joule coin (xjo) cryptocurrency

Information about joule coin (xjo) cryptocurrency

Joule

The joule (/ˈdʒuːl/ or sometimes /ˈdʒaʊl/), symbol J, is a derived unit of energy in the International System of Units. It is equal to the energy transferred (or work done) when applying a force of one newton through a distance of one metre (1 newton metre or N·m), or in passing an electric current of one ampere through a resistance of one ohm for one second. It is named after the English physicist James Prescott Joule (1818–1889).
In terms firstly of base SI units and then in terms of other SI units:

where kg is the kilogram, m is the metre, s is the second, N is the newton, Pa is the pascal, W is the watt, C is the coulomb, and V is the volt.
One joule can also be defined as:
The work required to move an electric charge of one coulomb through an electrical potential difference of one volt, or one ‘”coulomb volt” (C·V). This relationship can be used to define the volt.
The work required to produce one watt of power for one second, or one “watt second” (W·s) (compare kilowatt hour – 3.6 megajoules). This relationship can be used to define the watt.

Coin

A coin is a piece of hard material used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government.
Coins are usually metal or alloy, or sometimes made of synthetic materials. They are usually disc shaped. Coins made of valuable metal are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value coin in circulation (i.e. excluding bullion coins) is worth less than the lowest-value note. In the last hundred years, the face value of circulation coins has occasionally been lower than the value of the metal they contain, for example due to inflation. If the difference becomes significant, the issuing authority may decide to withdraw these coins from circulation, or the public may decide to melt the coins down or hoard them (see Gresham’s law).
Exceptions to the rule of face value being higher than content value also occur for some bullion coins made of silver or gold (and, rarely, other metals, such as platinum or palladium), intended for collectors or investors in precious metals. Examples of modern gold collector/investor coins include the British sovereign minted by the United Kingdom, the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, and the Krugerrand, minted by South Africa. While the Eagle, Maple Leaf, and Sovereign coins have nominal (purely symbolic) face values; the Krugerrand does not.
Historically, a great quantity of coinage metals (including alloys) and other materials (e.g. porcelain) have been used to produce coins for circulation, collection, and metal investment: bullion coins often serve as more convenient stores of assured metal quantity and purity than other bullion.

Cryptocurrency

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative.
Cryptocurrencies typically feature decentralized control (as opposed to a centralized electronic money system, such as PayPal) and a public ledger (such as bitcoin’s block chain) which records transactions.

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