1 Level
53 Review
-31.5 Karma
Review on MonaCoin by Ana A
Japan cryptocurrency
It is considered as the first Japanese invention in cryptocurrencies, conceived in December 2013, as an alternative currency, after the Litecoin fork. It is a decentralized currency whose control is exercised and controlled by the community itself, and by its group of people in a fiduciary way. Its users are so committed to this project that they have developed new applications based on Mona.
Through a process called "mining," coins are issued to users who run programs to perform computational work. It is one of the first options for new founders. As far as investment is concerned, it is not recommended, since its large market is only in Japan and its surroundings. One of its most important characteristics is that it has tried to be a currency that learned from the experiences of Litecoin. That is, it seeks not to repeat the errors of litecoin.
Pros
- Community committed to the development of this cryptocurrency
- Equal and equitable responsibility to produce and obtain products through mining
- It is the second most popular cryptocurrency in Japan
- It is compatible for all operating systems.
Cons
- It is considered to offer nothing new to the market, other than being a crypto token for trading
- You cannot exchange the worldwide, only in some Asian countries.
