Novacoin is a decentralized digital network based on an open-source peer-to-peer internet protocol. Novacoin based on hybrid Proof-of-Work (PoW) / Proof-of-Stake (PoS) block generation methods with separated target limits.Novacoin was introduced in early 2013 by development team leaded by developer named Balthazar. Novacoin has 24 mining pools and uses the Scrypt algorithm.