InnovaCoin (INN) is a privacy cryptocurrency enabling private transaction through DarkSend that was released on October 19, 2017. In April 2019 Innovacoin was taken over by another development team not responsible for the creation on InnovaCoin.
InnovaCoin offers a mobile InnovaCoin cryptocurrency wallet for IOS and Android devices. Innovacoin can be purchased by trading on the CytptoBridge and the Crex24 cryptocurrency exchanges.
The InnovaCoin coin network relies on masternodes and miners to ensure transactions using InnovaCoin are private and secure. Innovacoin masternodes ensure the rules of the blockchain are met, these rules are: transactions have appropriate signatures, no double-spending is occurring on the InnovaCoin network, blocks/transaction are in the correct data format, and blocks are producing a pre-determined number of InnovaCoin. If blocks or transactions violate the rules of the InnovaCoin network according the the masternodes each block or transaction is rejected. InnovaCoin masternode operators receive 75% (9 INN) of every mined block, and miners receive the remaining 25% (3 INN).