MonaCoin’s Comparative Performance Is Better Than Ethereum’s

MonaCoin’s comparative performance turns out to be better than Ethereum and bitcoin. The First Japanese cryptocurrency Monacoin (MONA) is based on the ASCII character and one single entity doesn’t control the entire Monacoin payment system but is sustained by everyone who uses it through the client apps that run on the computers.

Most of the cryptocurrencies are considered to be meant for speculative purposes but Monacoin is famous because it is taken care of by the community base and not by the development team of the project. The Monacoin users purchased a few types of Mona based web apps and services as well. As per the technical details:

 “Technical Details, Algorithm: Lyra2RE(v2), Block time: 1.5 minutes, Block reward: 25 MONA, 105,120,000 total coins, Subsidy halves every 1051k blocks (~3 years), Difficulty re-target: every block (Dark Gravity Wave v3), not pre-mined.”

Crypto analytics and crypto enthusiast Ayobami Abiola tweeted:

“Irrespective of the market capitalization trends, Monacoin (MONA) enjoys a better user base in Japan, probably because it is native to Japan.”

The decentralization of the proof of work algorithm helps users to mine the monacoin. This fights against the centralization or large miners and also reduces the volatility of the prices. Because of the ASIC resistance, the coins are distributed fairly and this prevents users to mine the coins based on their high processing power.
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This is why it turns out that Monacoin’s comparative performance is better than Bitcoin and Etheruem. The use cases and adoption are recognized by multiple sources since several merchants in Japan transact with the help of the coin.

The supply of Monacoin is higher when compared to bitcoin and it facilitates the long-term investment potential. The peer-to-peer payments are accepted using Mona coins and the transaction costs are also lower. The mass adoption from the gaming community will also increase the Monacoin value. There is no other cryptocurrency that has country-wide support such as Mona. There are also Mona wallets that are open source, paper and hardware, Multisig and cold storage to store the coins. there is also an official wallet as well. The Monacoin based applications also provide multiple advantages such as fast transaction processing and widespread adoption.