MinCoin is a derivative of the Litecoin code, and Litecoin really is just a clone of Bitcoin. What separates MNC from both of those is it takes the best of both and it combines them into one crypto-commodity/currency. Whether Bitcoin supporters want to believe it or not, Bitcoin is a commodity not a currency and as with commodities what really drives value is limited supply/creation.
MNC (Min is short for Minimalist) is a peer-to-peer cryptocurrency using scrypt as a proof-of-work algorithm. MNC was released on April 3, 2013 with zero premine.
With MNC only having 10 millions total coins to ever be produced compared to 21 millions for Bitcoin, it is pretty easy to see which one is more rare. By late September 2017, 78.9% of all Bitcoins have already been distributed, but in MNC – our flat emission cycle leaves 61.8% of the total MNC still uncirculated.
To empower people with the ability to govern their finances by enabling them with a superior method of wealth storage, wealth transfer & a mobile payment solution currency not available within today’s banking system & the outdated infrastructure it supports. – Mission Statement, MNC Dev Team
MinCoin (MNC) is an optimized version of Bitcoin that utilizes the scrypt POW algorithm. For 2017 MinCoin is re-invigorating it’s marketing campaign and will have featured news articles and promotions to engage online merchants, new users and new investors leveraging the Mincoin network and it’s fast transaction processing ability. MNC represents a “minimalist” approach to bitcoin’s blockchain based technologies, billing itself as the “one-minute coin” due to blockchain parameters which reward 2 MNC to Miners every single minute. MNC continues to attract both new users and developers and was even worthy of mention during the 2015 North American Bitcoin Conference.
The developers behind MinCoin are active and progressive. MNC has many things to offer over its competitors such as fast block times [60sec target], low daily inflation [only 2880 produced/day] and low total creation with only 10million to ever be created just to name a few. With its low total coin creation [Only 10million MinCoin will be created] and a low daily inflation rate of only 2880coins/day this CryptoCommodity has positioned itself as a promising long term investment prospect.