MonaCoin MONA Price 0.09753728

MonaCoin is a platform that is focused on becoming the most widely used coin exchange in Japan. It is rare to hear of cryptocurrencies that are mostly restricted to one jurisdiction, as they inherently have no borders and permissions. In the case ofMonaCoin, an alternative to peer-to-Peer digital cash, it was born in Japan and still mostly serves the Japanese population. There are some unique features designed to stand out from the competition, and most of them are focused on making MonaCoin a faster and more cost-effective alternative than other cryptocurrencies. A new coin was created in December and launched on January 1. The decision to make a decision in favor of Satoshi Nakamoto was apparently made. There are no hidden coins that the team hides to throw on the market, which is a red flag for many new projects. There are no hidden threats, asMonaCoin has been operating for the better part of a decade. All three cryptocurrencies are trying to solve the same problem, but in a more efficient way, with a hard fork of Litecoin being the most recent example. Unlike these two coins,MonaCoin has a much larger turnover and maximum amount, and also runs on a different proprietary hashing algorithm. The coin switched to a Proof of Work consensus algorithm in order to encourage mining. To continue its mission as a highly accessible and easily verifiable blockchain for everyone, the company prioritized the use of GPUs miners. In order to facilitate more transactions at a lower price, a block time of 1.5 minutes is chosen.