MeconCash - SHA256 PoW/PoS - blockchain-based new paradigm for mobile app for mobile app, game service and P2P trade of cryptocurrency.



  • MeconCash offers a blockchain-based new paradigm for mobile app

    for mobile app, game service

    and P2P trade of cryptocurrency.

    MeconCash is a cryptocurrency platform used for payments, rewards and transactions on online and mobile services.

    MECONCASH

    Features

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    PoW & PoS Hybrid Design

    MeconCash adopts a hybrid design that is a combination of Proof of Work and Proof of Stake. When an mined blocks reaches a certain amount, the POW mining process becomes inefficient. From then on, the POS maintains the network and approves transactions by minting.

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    Proof of Work Algorithm

    MeconCash uses Proof of Work technology proven by BitCoin over the past decade and adopts the SHA-256 algorithm which is the SHA-2 family of encryption hash functions designed by the US National Security Agency (NSA).

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    Safe Trading and Low Rate Transaction Fee

    MeconCash is immediately processed upon transaction, and its high level of encryption prevents customers who made a payment from changing or reversing it. In addition, the low rate transaction fee of 0.01MCH is suitable for commerce.

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    PoS MeconCash Interest Payment System

    At the end of the MeconCash distribution and POW data block maturity period, MeconCash holders can receive up to 1% per annum of POS interest through their Full Node MeconCash wallets. To do so, MeconCash should be stored and be out of use in your wallet.

    MECONCASH ECOSYSTEM

    MeconCash  Is Backbone Of Our Blockchain Ecosystem.

    MeconCash will be used as a payment method and reward currency in mobile applications, games, and character services in the block chain ecosystem. It will be transferred through MeconCash Wallet and also serve as a currency for the real commerce. P2P brokerage exchanges and the listing of exchanges will make its value further increased.

    MECONCASH

    Coin Issuance

    COIN ABBREVIATION :

    MCH

    COIN TYPE :

    POW + POS

    HASHING ALGORITHM :

    SHA-2 (SHA0-256)

    COIN ISSUNCE PERIOD :

    50 YEAR

    BLOCK REWARD :

    1000000/1000/100

    PRE-MINE AMOUNT :

    200,000,000(20%)

    TOTAL ISSUANCE COINS :

    1,000,000,000

    COIN GENERATED PER DAY :

    NO LIMIT

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    Early Mining Rewards 
    Early Mining Rewards 1 is a reward by which 1000 coins will be paid at a time up to 50 million 
    coins in order to generate initial blocks. Including the initial development budget, a total of 250 
    million coins will have been issued by the end of this stage. 
    POW Mining Rewards 
    PoW Mining Rewards 3 is a reward by which 100 coins will be paid at a time up to a total of 250 
    million coins. Greater difficulty is involved at this stage than at the preceding early mining 
    rewards stage. Including the initial development budget and the early mining rewards stages, a 
    total of 500 million coins will have been issued by the end of this stage.
    POS Rewards
    The rewards for aging coins will be distributed in proportion to the number of MeconCash coins 
    deposited in each node. They will be issued when minting begins, and the block will be
    generated. POS compensation will be based on the following formula: ((Coin age * 33) / ((365 * 
    33) + 8)) * 0.01; with 30 days as the earliest possible minting date, and 90 days as the latest. The 
    total number of coins to be issued is 500 million, which is the total number of coins issued minus 
    the number of POW minted coins. (Please refer to the section on the MeconCash interest 
    payment system for more detailed information on interest payment.)


    ROADMAP


    Service & Miner

    Miner

    Website http://www.meconcash.com

    Facebook https://www.facebook.com/Mecon...

    Twitter https://twitter.com/meconcash



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