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MonaCoin

MonaCoin

Monacoin is a cryptocurrency which originated in Japan in 2013, and was the first Japanese cryptocurrency. It was named after Mona, an ASCII Art character, and is represented by the cryptocurrency symbol MONA.

Monacoin is a cryptocurrency which originated in Japan, and was the first Japanese cryptocurrency. It was named after Mona, an ASCII Art character, and is represented by the cryptocurrency symbol MONA. Monacoin is a distributed payment system for users running Monacoin client applications on their computer. Monacoin was launched on a Japanese online forum called 2channel in December 2013 by an anonymous account on the forum named "Mr Watanabe".

Technical details

List of technical details associated with Monacoin:

  • Algorithm: Lyra2RE(v2)
  • Block time: 1.5 minutes
  • Total coins: 105,120,000
  • Subsidy halving time is approximately every 3 years or 1051k blocks
  • Difficulty re-target: Dark Gravity Wave v3 (every block)
  • Not premined

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Further reading

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Japanese Cryptocurrency Monacoin Hit by Selfish Mining Attack

Altcoin mining

Web

MonaCoin Project

MonaCoin Community

web

Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency

Jon Southurst

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