MonaCoin (MONA) News

MonaCoin is an open source, decentralized currency, which facilitates peer-to-peer transactions. MONA is a well-established altcoin, but compared to other altcoins which have emerged, MONA continues to exist as a cryptocurrency only. This coin appears to be pioneering on the technology front regardless of its market capitalization trends, thus making itself a great competitor of Ethereum. MonaCoin utilizes Proof-of-Work (POW) consensus mechanism, and it’s powered by Lyra2RE(v2) algorithm. Proof-of-Work (POW) algorithm allows all the users to mine MONA coin. It avoids centralization of big miners and decreases price volatility. Moreover, every MonaCoin user can make a safe transaction since the Scrypt algorithm can be utilized even on personal computers with the graphics processing unit. MonaCoin is very fast with a block time of only 1.5 minutes in comparison to Bitcoin’s 10 minutes. The currency can be sent almost immediately due to the implementation of the Lightning Network. It also costs very less. You can buy MonaCoin directly for Japanese Yen. It’s listed on lots of exchange platforms such as Zaif, Bittrex, Bitbank, CryptoBroidge, Livecoin, Upbit, etc. MonaCoin is an altcoin token, so it can be easily stored in different wallets which are supported by Android, Mac, Linux, and Windows.