Review on MonaCoin by Eve Vallenilla

The purpose of cryptographic protocol forks is basically to introduce an enhancement, extend the utilities, or optimize the performance of a digital platform.

Monacoin was born with the purpose of improving the original Litecoin protocol, to optimize the performance of the infrastructure and improve the services within the management of digital assets.

What improvements does Monacoin introduce to the asset network?

• One of the challenges of the Monacoin platform is to improve the scalability of its predecessors, for this reason it introduces the Lightning protocol to maximize the performance of the network and the user interface.

• Regarding coin mining, Monacoin supports GPU and CPU equipment

• To ensure the decentralization of the native currency issuance process, Monacoin incorporated the Lyra2REv2 protocol, coordinated with the Dark Gravity Wave v3 program, to improve the blocking period. But then Segwit introduced

• Ease of acquiring the native currency through local fiat money (Japanese yen) or by exchanging other cryptographic protocols such as Bitcoin

• Offers a native wallet compatible with existing operating systems on the market. In addition, users have the option of using wallet applications on Android mobile devices of the Coinomi and Electrum platforms.

• Provides a more balanced and fair miner reward system

• Allows transfer of digital assets both privately and under public exposure

• Promotes the adoption of the use of cryptocurrencies in the Japanese territory and facilitates the management of exchanges and purchase of goods and services within the jurisdiction

Although Monacoin as a volatile value currency is exposed to the loss of purchasing power in the digital asset market, it represents a useful resource for the Japanese that allows them to enter the crypto business and make the investment with their local Fiat currency.