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MonaCoin is the first alternative cryptocurrency developed in Japan. It is based on the popular Japanese character, Mona. MonaCoin has a Proof-of-Work (PoW) consensus mechanism and uses a version of the Lyra2RE mining algorithm that was first used by Vertcoin.
MonaCoin has an enthusiastic user base that has developed a variety of Mona-based web applications and services. MonaCoin holders also use the coin as a tipping system.

Cashbery Coin's blockchain platform has a focus on enabling high-speed transactions with low fees. Cashbery's consensus mechanism combines elements of Proof-of-Work (PoW) and Proof-of-Stake (PoS).