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