MonaCoin vs BlackCoin vs FREE Coin
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | BlackCoin does not appear to provide any unique advantages compared to other digital currencies. | FreeCoin claims to be a more inclusive cryptocurrency but their marketing materials do not show any unique offerings. |
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. | BlackCoin is a Proof-of-Stake (PoS) cryptocurrency created in 2014. Users are rewarded for staking their coins to secure the network. BlackCoin's staking rewards vary between 1% to 8% per year. | FREE Coin is an Ethereum-based token with a focus on being inclusive and encouraging cryptocurrency adoption. Their goal is for the token's price to increase in value, until its price is close to the USD. FREE Coin's site does not provide any details about their development plan or what specific advantages their network will provide. |