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MonaCoin($MONA)
$0.659945
Low $0.527682
High $0.594007
What is MonaCoin?
MonaCoin is an open source digital currency and a peer-to-peer (p2p) payment network. Dubbed by its creators as “the first Japanese cryptocurrency,” the coin has become somewhat of Japan’s national alternative to <a href="https://www.coinge...
MonaCoin is an open source digital currency and a peer-to-peer (p2p) payment network. Dubbed by its creators as “the first Japanese cryptocurrency,” the coin has become somewhat of Japan’s national alternative to Bitcoin or Litecoin. Like its predecessors, the coin was created purely to serve as P2P electronic cash, a decentralized digital currency aimed at Japanese citizens. There are a few key differences that set it apart from the coins that came before it, and this guide is dedicated to drawing out these differences. Conceived in December of 2013, Monacoin was officially born on January 1st, 2014 with no premine.
A Bitcoin Talk Forum on the same date details the coin’s launch and its specifications. A soft fork was executed at block 937440 to implement Segwit, a move made to keep it in line with Bitcoin, Litecoin, Vertcoin, and other payment-focused cryptocurrencies. In addition, the Monacoin team has reportedly implemented the Lightning Network for their coin. Speaking of soft forks, Monacoin is actually a hard fork of Litecoin, something we’ll take into account further as we look into its specs below. Monacoin was originally founded by the pseudonymous Mr. Wantanabe, no doubt in homage to Bitcoin’s Satoshi Nakamoto. Besides this pen name, the rest of the coin’s team is completely anonymous, so there’s nothing to report on here. In addition, the project has no visible roadmap on its site or anywhere else online. The team does seem to stay on top of updates and upgrades, however, as the Segwit and Lyra2REv2 updates and Lightning Network implementation suggest.
It is popular in Japan where it was developed. It Uses Lyra2REv2 and Dark Gravity Wave v3 algorithm to ensure fairer mining opportunities, success rate and difficult levels of mining process respectively. Monacoin is the first cryptocurrency from Japan. It has received wide support and success in the country and is not crossing the national boundary to try and become a global phenomenon. While that is not going to happen in the next year or two, it does have the making of a good crypto token. It is steadily improving its service and has constantly strived to give its users the best possible experience. When Scrypt compliant ASIC miners appeared they switched to Lyra2REv2 to ensure the mining MONA remains a fair battle between miners from around the world. The instance of a Japanese national using Monacoin to buy land made news in the country and beyond, spreading the popularity of the coin.
Funds
Influencers
CoinScouts Grade
Market Statistics
Volume
$2,191,599.00
Market Cap
$0.00
Fully Diluted
$69,373,418.40
Market cap Value
0 %
Circulating Supply
0
Max Supply
∞
Total Supply
105,120,000
% of Total Supply
0.00%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
MonaCoin Statistics
Name
MonaCoinTicker
MONAPrice
$0.65994524 Hour Trading Volume
$2,191,599.0024 Hour Volume Change
-53.88%Market cap
$0.0024 Hour Market Cap Change
0.00%Fully Diluted Market Cap
$69,373,418.40Price change 24 hour
37.89%Price change 7 days
0.00%Price change 14 days
36.23%Price change 30 days
61.01%All Time Low/High
$0.02094446 | $16.45Percentage Change Since All Time High
-96.57%Percentage Change Since All Time Low
2,590.58%Market cap rank
N/AVolume / Market Cap
0Issuance Blockchain
MonacoinCirculating Supply
0 (0.00%)Max Supply
∞Total Supply
105,120,00024h Volatility
$0.04Twitter Followers
2,722Telegram Users
0Reddit Subscribers
2,816Github subs
92Github issues
38MonaCoin Markets
Upcoming MonaCoin Events
No upcoming events for MonaCoin known.
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