MazaCoin is a cryptocurrency launched in 2014. It was developed by Payu Harris, who promoted it as the future official currency of the Oglala Lakota tribe, though this plan was never successful.
Technical details[edit | edit source]
One of its differences from bitcoin is that it is "inflationary" (in the Austrian economics sense - see inflation for the mainstream sense); while there is a maximum cap of 21 million bitcoins that will be produced, there is no similar cap for MazaCoin. Another difference from bitcoin is that it is "simpler" in a way that makes it consume less power to run the cryptographic mining algorithm, making it more environmentally friendly.
"This coin has a block target of 120 seconds, and a block reward of 1000 MZC, halving now every 950,000 blocks. The initial block reward was 5000MZC, which was lowered to 1000MZC at block 100,000 when the difficulty retartgeting algorithm was changed in Mazacoin".
References[edit | edit source]
- Vigna, Paul (2014-03-07). "Lakota Indian promotes new digital currency, Mazacoin". The Wall Street Journal.
- Browning, Lynnley. "Oglala Sioux hopes Bitcoin alternative, MazaCoin will change economic woes". Newsweek. Retrieved 13 April 2016.
- Landry, Alysa (March 3, 2014). "9 Questions Surrounding MazaCoin, the Lakota CryptoCurrency: Answered". Indian Country Today. Retrieved March 20, 2018.
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