Inspired by Litecoin (LTC), Monacoin is a network encrypted currency based on P2P technology. It is also an open source software project under the MIT/X11 license. It can help users pay instantly to anyone in the world one person. It was released on January 1, 2014. It is an old-fashioned cryptocurrency that grew up in Japan, and it is also the first cryptocurrency in Japan. It has a huge support community in Japan. Moanacoin is currently listed on several major cryptocurrency exchanges in Japan, the United States, and South Korea.

1. Project introduction

Monacoin is a relatively old currency released on New Year's Day in 2014. Monetcoin adopts the Scrypt algorithm, adopts the Digishield difficulty adjustment algorithm, and prevents machine gun pools. The block generation time is 1.5 minutes, and each block contains 50 coins. After 1,051,000 blocks are produced or 3 years later, the output will be halved. The total amount of coins is 105,120,000. It was officially released on January 1, 2014.

The Monacoin block time is 1.5 minutes, and the output is halved every 3 years. Currently, each block contains 25 coins. The Monacoin network can process one block every 1.5 minutes, thus providing faster transaction confirmation. The Digishield difficulty adjustment algorithm is adopted to prevent machine gun pools. Monetcoin has activated Segregated Witness (SegWit) and implemented the Lightning Network function to better handle instant payments and cross-chain transactions. Using the Lyra2REv2 algorithm for POW mining can effectively prevent ASIC-specific mining machines, allowing more people to participate in mining, better decentralization, and effectively avoiding 51% attacks.

Thanks to the Japanese government's open attitude towards cryptocurrencies and the vast support community, Moanacoin is one of the few cryptocurrencies in the world that can support online and offline shopping at the same time, restaurants and retail stores that support Moanacoin payment , websites, etc. are increasing in number. In particular, Ark Akihabara, a major electronics store in Japan, has begun to accept Monacoin in addition to supporting Bitcoin payments.

Two. Comments

Monacoin, the Chinese name is Meng Nai Coin, and the market symbol is MONA. Meng Nai Coin was born in December 2013 (officially released on January 1, 2014). It is the first digital currency in Japan. The Mona community is The most active digital currency community in Japan.

Inspired by Litecoin, Monetcoin is a network encrypted currency based on P2P technology. It is also an open source software project under the MIT/X11 license. It can help users pay instantly to anyone in the world.

From the perspective of cryptocurrency, MONA, as a fork currency of Litecoin, has slightly changed the code of BTC but has no technical breakthroughs. Its technical capabilities are not strong, but more based on Japan. The relatively loose digital currency environment and the Japanese animation otaku culture behind MONA, so its cultural value is greater than its technical value.

Related links:

https://monacoin.org/
http://www.qukuaiwang.com.cn/szhb/2432.html#jj
http://www.weilaicaijing.com/dynamicArticle/43101< /p>