Bitcoin Nova has value because people are willing to buy it. If no one is willing to buy Bitcoin Nova, then it will not have any value. Bitcoin Nova price increases if demand exceeds supply, and it decreases if supply exceeds demand.

You can buy Bitcoin Nova from an exchange or from an individual. Alternatively, you can try mining Bitcoin Nova to get coins from the block reward.

If you are running a full node locally, you need to copy the entire blockchain to your computer. This can take a long time, especially on an old hard drive or slow internet connection. If you are using a remote node, your computer still needs to request a copy of all the outputs, which can take several hours. Be patient, and if you would like to sacrifice some privacy for faster sync times, consider using a lightweight wallet instead.

For a lightweight wallet, you give your view key to a node, who scans the blockchain and looks for incoming transactions to your account on your behalf. This node will know when you receive money, but it will not know how much you receive, who you received it from, or who you are sending money to. Depending on your wallet software, you may be able to use a node you control to avoid privacy leaks. For more privacy, use a normal wallet, which can be used with your own node.

Bitcoin Nova is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Bitcoin Nova hides this information to protect user privacy in all transactions. It also has a dynamic block size and dynamic fees, an ASIC-resistant proof of work, and a tail coin emission, among several other changes.

No, Bitcoin Nova does not have a hard block size limit. Instead, the block size can increase or decrease over time based on demand. It is capped at a certain growth rate to prevent outrageous growth.

A blockchain is a system that stores a copy of all transaction history on the Bitcoin Nova network. Every two minutes, a new block with the latest transaction information is added to the blockchain. This chain allows the network to verify the amount of money accounts have and make it resilient to attacks and centralization attempts.

Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Bitcoin Nova is fungible, which means people do not need to go through this effort.