Coin Magi is a digital payment solution. Magi runs decentralized, without downtime, without interference from intermediaries and censors. People can use Magi to send free payments to anyone in the world. Meanwhile, Magi coins can be issued by anyone through their personal computer and software-based minting process.

Project Features

MAGI, first and foremost as a cryptocurrency, emphasizes the decentralized nature, manifested in part by revisions to its proof-of-work and proof-of-stake protocols. MAGI is an open source software and there are no mining rewards reserved for any party including the team. Decentralization requires denial of the enormous computing power required for mining, with an immediate benefit to energy savings. Decentralization also requires general user mining availability.

1. Energy Efficiency
MAGI focuses on global energy conservation when maintaining the blockchain system. MAGI aims at global mining based on mobile devices etc. MAGI's PoW makes it difficult to rely on mining rewards to impose limits on the total network hashrate, where a large amount of mining computing power is no longer required.

2. MAGI's Proof of Work
MAGI's Proof of Work (mPoW) protocol partly advocates a network-dependent reward system, configured using an attraction-repulsion model. mPoW effectively manages MAGI's network and limits it within a certain range. MAGI looks forward to further optimized protocols to fully realize the targeted tasks.

3. MAGI's Proof-of-Stake
MAGI's Proof-of-Stake (mPoS) protocol has made a new revision to general POS by formulating conditional mining power (ie coin age). Significant mining power through accumulating large numbers of coins or offline staking time no longer applies to MAGI, enhancing security, health, and fairness.

4. Developability
MAGI is an open source project. Anyone can use the source code of MAGI. Currently, the MAGI team follows the roadmap and ongoing project development. The main focus is on achieving goals, mining experience, wallet development, anonymity options and general improvement of blockchain applications. One of the ongoing projects is MAGI's MagiPay (m-pays) which can be easily integrated with businesses.

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