Novacoin (NVC): how it works, supply and reviews
In short
- Type
- Layer 1 blockchain with its own chain (Bitcoin/Peercoin-style codebase)
- Maximum supply
- No fixed maximum supply
- Risks and caveats
- There is no fixed supply cap; new coins keep being issued through PoW and PoS rewards.
- Checked
- 31 October 2026
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Key facts
- Ticker
- NVC
- Official site
- novaco.in
Key facts checked on 31 October 2026 against official sources.
What is Novacoin
Novacoin (NVC) is a cryptocurrency launched in early 2013 that combines scrypt proof-of-work and proof-of-stake block generation with separate difficulty targets. It has no fixed maximum supply; block rewards fall as difficulty rises.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Layer 1 blockchain with its own chain (Bitcoin/Peercoin-style codebase) |
| Consensus | Hybrid proof-of-work (scrypt) and proof-of-stake with separate target limits |
| Block time | 10 minutes between stake blocks, 30 minutes between PoW blocks |
| Confirmations | 6 confirmations for transactions, 520 for mined blocks |
| Stake age | Coins start staking after 30 days and reach full weight at 90 days (source code) |
| Chain activity | The official explorer listed block 1,108,140 among the latest blocks on 31 October 2026 |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | No fixed maximum supply |
| Issuance | Maximum PoW reward 100 NVC per block; maximum PoS reward 10 coins |
| Halving | PoW reward halves with every 64x rise in PoW difficulty; PoS interest halves with every 8x rise in PoS difficulty |
What NVC is used for
- NVC is the native coin used to pay transaction fees (0.001 NVC per kB).
- Holders can stake NVC to create proof-of-stake blocks and earn stake rewards.
Who develops and governs Novacoin
- Founders
- Introduced in early 2013 by a team led by a developer known as Balthazar
- Governance
- Changes are merged through pull requests when there is broad consensus among developers
- Open source
- Source code on GitHub (novacoin-project/novacoin), still updated in 2026
History
| Date | Event |
|---|---|
| 2013 | Novacoin is introduced by a development team led by Balthazar. |
| 20 July 2013 | PoW block spacing on mainnet is set to 30 minutes from this date (source-code comment). |
| 4 April 2016 | Release 0.5.8 is tagged. |
| 11 February 2022 | Release 0.5.10, the latest tagged release, is published. |
| 22 September 2026 | Code for validating post-quantum signatures is added to the main branch. |
Security and audits
- Blocks from proof-of-work need 520 confirmations before they mature; transactions are considered final after 6 confirmations.
- In September 2026 developers added validation for post-quantum signatures to the main branch (not yet in a tagged release).
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard, github.com/novacoin-project/novacoin/commits/mas, explorer.novaco.in
Risks and caveats
- There is no fixed supply cap; new coins keep being issued through PoW and PoS rewards.
- The last tagged release is 0.5.10 from February 2022; later changes exist only on the main branch.
- The official site novaco.in shows old content: its newest client download is version 0.5.8.
Official links
- Website: novaco.in
- Source code: github.com/novacoin-project/novacoin
- Block explorer: explorer.novaco.in
Questions and answers
What is Novacoin?
A cryptocurrency from early 2013 that uses both scrypt proof-of-work and proof-of-stake to create blocks.
What is the maximum supply of Novacoin?
There is no fixed maximum. PoW rewards (up to 100 NVC) halve with every 64x rise in difficulty, and PoS interest halves with every 8x rise.
Who created Novacoin?
The project site says a development team led by a developer named Balthazar introduced it in early 2013.
Is Novacoin still active?
Yes. The official explorer showed new blocks on 31 October 2026, and the GitHub code was updated in September and October 2026.
Sources
- Novacoin — README (GitHub novacoin-project/novacoin)
- Novacoin — project site novaco.in
- Novacoin — official explorer
- Novacoin — source code src/main.cpp
- Novacoin — commit feed (master)
- Novacoin — release feed
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