Megacoin is a new type of decentralized currency

Not minted or endorsed by any nation, but by users across the globe. Anywhere there is internet, you can send or receive Megacoins. Even in outer space. There are very little rules for Megacoin. To prevent inflation only a limited supply of 42 million Megacoins will ever exist. Megacoins are mined by users at a set rate for decades into the future. You can get Megacoins for free by mining or trading for them on an exchange.

With Megacoin you will get the best Paymentsystem in the Universe.

No need for Wiring or Carrying Cash across borders. You can send Megacoin to your relatives or business partners to the other side of the world. No hoops to jump through, no questioning. Just hit send.

Unlike Banks which can require a Credit Check or Social Security Number, Megacoin doesn't ask for anything except a smile. A Megacoin account is completely free & with low transaction fees. Transactions are completed within seconds, worldwide!

Megacoin has a class of decentralized workers called miners to keep the Paymentsystem secure. Specialized Cloud Computers run encryption software to distribute Megacoin and verify all transactions on the payment network. Megacoin is absolutely secure against forgery. Everyone can become a miner, it´s very easy to buy or rent hardware and join a miningpool.

Megacoin is open source software and released under the terms of the MIT Licence. The global network uses peer-to-peer technology and consists of dozens strategic nodes all over the world. Megacoin is global, it faces no boundaries and connects people even from the most faraway places on earth.


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This is not an offer or solicitation for investment advisory services, brokerage services, or other products or services. Any views expressed are provided for informational purposes only and represent only the opinions of this Megacoin website and should not be construed in any way as an offer, an endorsement, testimony, or inducement to invest.


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MEGACOIN TEASER

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MEGACOIN PROMOTION VIDEO

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Megacoin Logo

What does the MEGACOIN LOGO symbolize?

It symbolizes the chinese three finger gesture. The number 3 (三, Pinyin: sān, jyutping: saam1) sounds similar to the character for "birth" (生, Pinyin: shēng, jyutping: saang1), and is considered a lucky number. The number 3 is significant since there are three important stages in a man’s life (birth, marriage and death). On the other side it is an abstract form of a "M" for Megacoin.

Can you explain what "MEGA" is?

Mega is a unit prefix in the metric system denoting a factor of one million. It was confirmed for use in the International System of Units (SI) in 1960. Mega comes from the Greek μέγας megas, meaning "great". In computing, mega denotes information units, like megabyte and other units; for example transfer rates like 1 megabit/s = 1000000 bit/s.

How does MEGACOIN keep itself secure?

MEGACOIN has a class of workers called miners who "mine" MEGACOIN (similar to Gold Miners). Miners run special software on their computer to run encryption calculations to be the first person to find special codes that will add MEGACOIN to their wallet and put those MEGACOIN into circulation. Miners also act as accountants to verify all transactions on the MEGACOIN network and compare work against each other to keep MEGACOIN secure.

What is the future of MEGACOIN?

Cashless payments with bankcards are normal today. Mobile payment options are on the rise, crypto-currencies such as Bitcoin and Megacoin are a great solution for mobile payments, as well as an option to replace tranditonal bank accounts. Low transaction fees and a free deposit system for coins, as well as a cash investment system, will give crypto currencies a high level of acceptance in the future.

Megacoin

Is 42 Million Megacoins enough?

Yes. Besides the fact that 42 is the answer to the ultimate question of life, the universe, and everything. Just like traditional money with pennies and cents, Megacoins can be divided into decimals with much, much greater precision such as 1 Micro-Megacoin will be 0.000001 Megacoins. So imagine, instead of someone saying a pizza will cost 5 Mecs or Megs, they might say 5 Micros or 5 Minis. The market will create these naturally. You are living at a very exciting time!

What about MEGACOINS history?

Megacoin started on 2013-05-29 with a pre-announcement on Bitcointalk.org written by an anonymous user called Kimoto (Dr. Kimoto Chan), Megacoins initial developer. Kimoto created in the following months the KIMOTO GRAVITY WELL for Megacoin, a difficulty retarget system to prevent multipool influence on the blockchain. In june 2015, two years later Kimoto left the project with a short notice on Bitcointalk.org. In 2017 the LIMXTEC group started to revive Megacoin with a newer Megacoinversion based on Bitcoin 0.10. In Q2 2018 the Megacoin finally got an update to Bitcoin version 0.15 with a new difficulty retarget system called "Core Shield" and a Blocksize of 10 MB (20 MB with SegWit).

Historic Megacoin Moments

2013-05-29 - Megacoin initial start
2013-06-01 - Megacoins first Block
2013-09-07 - 1st Known Physical Transaction
2013-08-28 - Kimoto Gravity Well Invented
2015-06-24 - Kimoto left Megacoin
2017-09-28 - LIMXTEC provided new Software

to be continued ;-)

Megacoin Graph 1

Initial Adoption Phase

Megacoin has been designed to handle rapid growth and a stable future. Only 42 Million Megacoins will ever exist. During the freely joinable Initial Adoption Phase (IAP) which lasts nearly half a year, 21 Million Megacoins will come into existance. Every Megacoin block has a reward. Here the block rewards are in groups of 21,000 blocks steping down from 500, 250, 125, 75, 50. Rapid growth during the IAP is fueled by a balanced amount of increased rewards for miners who secure the Megacoin network.

Megacoin Graph 2

Circulation By Year

Around the year 2014 to several decades in the future, the remaining 21 Million Megacoins will be distributed at a similar step-down rate. Every 420,000 blocks (2 years), The reward starts at 25 and is halved each period. 10.5 million Megacoins come from first 2 Years of 420,000 blocks. While the Megacoin release rate decreases as time moves forward, the market value of Megacoins will adjust accordingly.

Megacoin

The Megacoin Blockchain

First Block: 2013-06-01 09:34:59
Max supply: 42 million Megacoin
Ticker: MEC, MΣC
Blocktime: 2.5 minutes
Algorithm: Scrypt
Retarget: Core Shield
RPC: 7950, P2P: 7951
Clientversion: 0.15.0.3
Blocksize: 10 MB (20 MB with SegWit)
Reward per Block: 6.25 MEC

Megacoin

Roadmap 2018

Update to Bitcoin Core 0.15 with SegWit support - finished
New retarget system "Core Shield" & 10 MB blocks - finished
New Whitepaper - finished
Generalbytes ATM software - in process
New Android App - in process
Electrum lightweight Wallet - in process
More exchange listings (blockbid.io) - in process

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