MonaCoin vs FREE Coin vs TransferCoin
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | FreeCoin claims to be a more inclusive cryptocurrency but their marketing materials do not show any unique offerings. | TransferCoin does not appear to have any significant benefits over other digital currencies. |
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. | 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. | TransferCoin is a digital currency with a hybrid PoW and PoS consensus mechanism. TransferCoin uses the X11 encryption algorithm and has a relatively fast block time. |