cryptocurrency | Mint Coin

cryptocurrency uses a distributed ledger system similar to the way that bitcoin works. It operates under very different parameters, though.

All the rules that make bitcoin work are inherent in the currency's blockchain, but this is the first real-world application of cryptocurrencies. Cryptocurrency is not a currency as you might think; it's a new type of technology, a tool to create decentralized applications.

Mint coin:

Image-Google | https://steemit.com/

On 4th Feb. 2014(Tuesday), Mint coin launched its cryptocurrency with a token sale, and launched its website on 6th Feb. 2014 (Thursday).

Mint coin is the original POS coin. Its creators foresaw the alarming escalation of power consumption thanks to Bitcoin mining and wanted to make a far better digital currency that was as environmentally friendly

Difference Between Mint coin and Bitcoin:

The Mint coin blockchain differs from bitcoin's in one key aspect. All the cryptocurrency in the network is represented by a single blockchain, which is distributed around the world to everyone. Each blockchain is encrypted and secured using software called Lightning Network. This is a new layer of technology built to make sure transactions get processed quickly without ever hitting a server.

The Mint coin ICO began in early December 2016. It raised $5 million and ended on Dec. 23.

'Bitcoin is an immature technology. But I think it's stable and enduring. If you look at other technologies that have come into the marketplace, it takes a while for them to mature. Bitcoin is definitely not too mature for it to be used as a currency for everyday purchases', says Pete Smith, Technical Director, Ethereum

Completion of Mint coin:

Image - Google | https://ru.bitcoinwiki.org/

Mint coin was the first cryptocurrency to be completed in six months. It completed        allthe milestones in its roadmap in that time. The coin was launched with one of the biggest non-crypto start-ups in the world, Coin base, to be the first issuer and wallet provider for the cryptocurrency.

"Through this partnership, Coin base has shown its dedication to continue evolving and opening its platform to both new and existing businesses," said Jacqueline O'Connell, president of Mint coin. "We are excited to work closely with the leading business in the digital asset space."

The Mint coin coin is compatible with Ethereum and is also compatible with Ethereum-based smart contracts. This means that not only can Mint coin be used for transactions, but it can also be stored as a security token, traded on the open market, or lent out.

"The launch of Mint coin is another exciting step forward for the crypto industry," said Bill Barhydt, co-founder and CEO of Coin base. "Our partnership with Mint"

The company's initial network is being built on Ethereum. By building a network like Mint coin, we help validate the legitimacy of Ethereum as a secure platform for the future."

The coins, which are pegged to the US dollar, have a maximum worth of $200,000. The minimum payout is $15 .

Mint Coin is currently being traded on Cryptopia and CoinExchange

Mint Coin's concept might be new to the cryptocurrency world, but it looks like it's going to work.

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