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.
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.
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).
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.
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 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.
COIN ABBREVIATION :
COIN TYPE :
POW + POS
HASHING ALGORITHM :
COIN ISSUNCE PERIOD :
BLOCK REWARD :
PRE-MINE AMOUNT :
TOTAL ISSUANCE COINS :
COIN GENERATED PER DAY :
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.
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.)
Service & Miner
- MeconCash Wallet (Android)Mecon
- Cash Wallet (iOS)
- MeconCash Mining (Github)MeconCash
- Block Exploler
- Contact: [email protected]