MonaCoin vs NEM vs Global Currency Reserve
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | NEM is designed to be a blockchain platform with improved scale and speed. NEM's blockchain is permissioned and private. It has some of the best transaction rates of any private ledger in the industry. | GCR's goal is to develop a blockchain platform with faster and cheaper transactions. |
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. | NEM is a cryptocurrency and blockchain platform that allows multiple ledgers on the same blockchain. NEM Smart Assets are used to create mosaics for any asset. Transaction fees are paid with NEM's native currency, XEM. NEM originally began as a community-oriented cryptocurrency that was built from the ground up in the Java programming language. | Global Currency Reserve is a Proof-of-Stake (PoS) cryptocurrency built on a native blockchain. Its core infrastructure has similarities to Bitcoin, Peercoin, NovaCoin and BlackCoin. Global Currency Reserve's focus is on providing fast transactions times with minimal fees. |