What is MaxCoin?
introduction
MaxCoin is a digital currency that uses encryption techniques to regulate the generation of currency units and verify the transfer of funds independently of a central bank. However, similar to Bitcoin , MaxCoin offers some technical advances as it uses the SHA3 algorithm for encryption, not SHA256. It is a consensus network that enables a new payment system.
What is MaxCoin?
MaxCoins are impossible to fake and they can not be exposed to artificial inflation. MaxCoin is a distributed digital peer-to-peer currency that can be instantly and securely transferred between any two people in the world. It’s like electronic money that you can use to pay friends or dealers. Powered by its users without a central authority, foundation or middlemen. The community is user-focused, everyone can take the lead and develop, market and provide technical support.
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Who is Max Keizer?
Max Keizer hosts the Keizer Report, a financial program broadcast on the global news channel RT. Max Coin was released on the Keizer Report as Max Keizer became the Max Coins Celebrity Mascot.
MaxCoin – Mining
Miners use their computer to validate their payments. In return, they can receive a reward. If your computer or mining hardware dedicated to mining solves a complicated calculation, you’ll be rewarded with a certain amount of Maxcoins.
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The solution to this complicated calculation is called a “block”. Maxcoin has a 60-second block time, currently (December 2017), with a reward of 16 Maxcoins when you validate a block. The reward is halved every 12 months. The cryptocurrency started in February 2014. The more miners there are, the harder it will be to find such a block. This means that miners need better software or hardware to get a reward in the MaxCoins.
MaxCoin – The Community
MaxCoin is operated and developed by the users. MaxCoin has recently been re-launched with a key driver that provides an open source base and is trend-setting for the community. The coin was inspired by Max Keizer, a London-based financial journalist who was originally a New York dealer and has long promoted cryptocurrencies , precious metals and crowdsourcing. Currently he moderates the Keizer Report on RT.
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MaxCoin jumped to a new high this week, fueled by a jump in global trading activity. The value has gone up many percent in the last three weeks, climbing from $ 0.001 in December 2016 to a new high of $ 0.025. The current offer is 61 million tokens totaling 100 million. MaxCoin has a proven blockchain that runs on the SHA-3 algorithm for three years, which means that Bitcoin’s SHA-256 Algo , ASICs and Scrypt-based mining rigs can not be used for Max Coin. The cryptocurrency puts the mining power back into the hands of individuals and amateurs.
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