How to Buy Lynx Crypto (LYNX)

What is Lynx (LYNX)?

According to Coingecko, Lynx is : "Lynx was launched on 24 December 2017 by a team based in Charlotte, N.C., and aims to create a stable, eco-friendly platform for application developers to use for storing and verifying critical data. The open-source Lynx blockchain is used by the for-profit company, Logware, to store data where immutable transparency is a key factor (i.e IoT sensors, transaction receipts, data loss prevention) for both encrypted and plaintext application use cases. At Lynx (which started as a downstream clone of Litecoin), the team believes that for blockchain to be considered a secure platform in today’s marketplace, it must be created with global sustainability in mind. As such, its business rules discourage high-volume mining hardware because the code purposefully lacks incentives to mine it for profit. In addition, the entire Lynx network is designed to operate on a collaboration of low power devices (like Raspberry Pis) that everyday, non-technical users can run, resulting in a collective global mining cost of only dollars a day. This includes mining the coin and confirming transactions. To accomplish this, the lead technical designer created ‘Hybrid Proof of Work’ to solve four primary problems related to standard Proof of Work (PoW). First, PoW encourages competitive, profit-driven mining. Second, competitive, profit-driven mining demands the use of expensive, high-powered computer processing to secure the network. Third, expensive, high-powered processing power is a barrier to entry for individuals who want to participate by mining the coin. This creates a hierarchical and inequitable system based on who can afford high-powered mining hardware and the electrical costs associated with them, and as a result, few miners control the entire network. Fourth, mining farms are filled with mining hardware that consume an ever-growing amount of electricity. Hybrid Proof of Work reportedly brings stability to Lynx and maintains network integrity because of: The low cost to maintain mining hardware in the global Lynx network. The low work output of discrete mining hardware in the global Lynx network. The lilliputian impact to the global Lynx network upon acute mining hardware failure. Additional technical information can be found in the latest version of the white paper (co-written by Ben Wilson and Dr. A. Carreiro, published on March 17, 2019.) It includes information about the basic coin parameters, the HPoW phases of activation, and the block validation process. The white paper also includes information for non-technical users."

Where can I buy LYNX Crypto?

The best website to buy Lynx is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Lynx on Simpleswap

To buy Lynx on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select LYNX, just like in this example:

Once you selected the currency you want to pay in, and LYNX, you need to paste your respective wallet address where you want to receive your LYNX.

With Simpleswap, you'll receive your Lynx directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.