Review on MonaCoin by Gabriel Medina
Popular cryptocurrency in Japan
This cryptocurrency was initially created in 2013 but was launched in 2014, however, few were the ones who found out about it until the end of 2017. What caught our attention about this cryptocurrency is its logo where we will see a beautiful kitten based on "Mona", a very popular character from Japan. It is based on blockchain technology for the exchange of decentralized monetary goods through P2P. Despite being widely recognized in the Japanese country as a payment solution, they want to do everything possible to achieve greater relevance worldwide. We must bear in mind that MonaCoin is an altcoin token that is not ERC20, so we will not be able to save it in an Ethereum wallet. We can store MONA in the official wallet found on your website, Coinomi and Electrum Mona. In security, it has already suffered hacks several times, but they did not affect the cryptocurrency at all.
In general, MonaCoin is a quite popular and recognized icon cryptocurrency in its country of origin. Despite being similar to a meme and may not be taken seriously, it is still one of the best decentralized cryptocurrencies with a community that continues to develop widely. Widely used by the Japanese community, so it could have a glorious future in a significant way. With more global recognition, you may have a moment of glory when your price can go much higher.
Pros
- Very popular cryptocurrency quite recognized in the Japanese country where algorithms are used that give significant opportunities to miners. Segwit is enabled for greater efficiency and we can make both private and public transactions.
Cons
- It is not very popular outside the country of origin where it was developed, and it has suffered several hacks.
