MonaCoin vs PLATINCOIN vs Sharechain
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network. | Sharechain does not appear to provide any significant benefits. |
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. | 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. | Sharechain is developing a Proof-of-Work cryptocurrency platform. Their network is currently fueled by the Ethereum-based SSS token. Their marketing materials are unclear and do not offer any information about its advantages. |