MonaCoin MONA to Bit-Z Token BZ Exchange

Crypto Pair Details: MONA to BZ

MonaCoin MONA

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.

Bit-Z Token BZ

BZ is the ecological token issued by Bit-Z Exchange, abbreviated as BZ. It does not publicly raise funds from investors.The initial stage of BZ is based on the Ethereum ERC20 agreement. In the future, the BZ main net will establish more ecological models to boost the development of the platform. Based on the global eco-development plan of the Bit-Z Group, BZ will have good asset value preservation, expected value-added space, and stable market liquidity. The value space of BZ can be imagined. BZ is bringing a series of ecological core welfare benefits to the Bit-Z Group. 50% of the total, used for global partners to share a new model of dividends. Bit-Z defines one million users as its partners, and is committed to building the world's largest trading platform, and always works with users to promote the new development of global blockchain ecological construction. There is no private equity quota to protect the ecological development of the Bit-Z Group. Bit-Z puts perspective on industry health and platform self-discipline. BZ minimizes the participation threshold for global partners and creates a new economy for welfare sharing. BZ employs third-party data disclosure agencies to share data to global partners in real-time. BZ is committed to creating a fully transparent circulation mechanism.

SOURCE: COINGECKO

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