MonaCoin MONA

$1.15
Market Cap $ 73.226 MM (#86)
24h Volume $ 454.464 K
Chg. 24h: 0.33%
Algo. score 3.3/5  (#366)
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MonaCoin project purpose and description

MonaCoin clarity of purpose

MonaCoin purpose and aspects

Monacoin is a peer-to-peer payment network and digital currency based on an open source protocol. Scrypt, 1.5 minute block targets, subsidy halves in 1051k blocks (~3 years), 105,120,000 total coins, 50 coins per block, DigiShield difficulty algorithm

MonaCoin additional differentiation against competition

Difficulty re-target: every block (Dark Gravity Wave v3) not premined

MonaCoin categories

Digital currency

Short description

Monacoin is the first cryptocurrency in Japan that was born in December 2013. Monacoin community is the most active cryptocurrency users community in Japan .

Abstract

Mona coin (Monacoin) is the first cryptographic currency in Japan born in December 2013 It is a famous Ascii art, ""Mona"" as a motif Mona coin is not a centralized type that someone manages and operates, it is a fully distributed payment system maintained by a client program executed on each user's PC. Although the cryptographic currency tends to be strong speculatively in the world, the monetary coin tends to be used more frequently than other coins, such as development of various services by the user, construction of the shrine, pseudo-punishment etc. It is a crypto-currency that continues to evolve on a community basis".

Link to Roadmap: n/a
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