MonaCoin vs Bitcoiin vs PLATINCOIN
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | Bitcoiins goal is to create a decentralized currency with faster transactions times and lower fees. | PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network. |
Token Stats
Company Description
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. | Bitcoiin is a cryptocurrency that was created to address some of the issues that have plagued the original Bitcoin ecosystem. It's Proof-of-Work (PoW) consensus mechanism is designed to decrease transactions times and fees, as well as make mining rewards easier to earn. | PLATINCOIN is a Proof-of-Stake coin that is minted instead of mined. Users participate in managing the network by renting hardware space from the project organizers for a period of 36 months. These computing resources will drive the PoS consensus, and the users that rent the hardware will be rewarded with newly minted PLC coins. |