MonaCoin is a crypto-currency created in Japan in 2014. It is designed to be used as a medium of exchange for goods and services, as well as a store of value. MonaCoin is the first Japanese crypto-currency to be listed on major exchanges and has gained a loyal following in the Japanese crypto-currency community.
MonaCoin is a fork of Litecoin, meaning that it shares many of the same features as its predecessor. Like Litecoin, MonaCoin is based on the proof-of-work consensus mechanism and is designed to be ASIC-resistant. MonaCoin also has a block time of 1 minute, which is much faster than Bitcoin’s 10-minute block times.
MonaCoin’s main feature is its ability to be used as a payment system. The MonaCoin blockchain is secured by miners and is designed to be used as a medium of exchange. MonaCoin also supports smart contracts and can be used to create and execute secure transactions between users without the need for a third-party intermediary.
MonaCoin also has a strong community of supporters and developers. The MonaCoin Foundation, a non-profit organization, was established in 2016 to help promote and support the development of MonaCoin. The Foundation also sponsors events and conferences to help spread awareness of the project.
MonaCoin is slowly gaining traction in Japan and is becoming increasingly popular in the global crypto-currency space. MonaCoin is regularly traded on major exchanges such as Binance, Huobi, and OKEx, and is also available for purchase on a variety of exchanges.
Overall, MonaCoin is an interesting crypto-currency project with a strong community and a lot of potential. With its focus on being used as a payment system, MonaCoin could prove to be a successful project with the right amount of development and support.