What is Magi?

"Coin MAGI (ticker symbol: XMG) is a digital payment solution. MAGI is decentralized and running constantly without downtime and the need of interference by intermediary, authorities and censorship. People can make payments using MAGI to anyone in the world freely. In the meantime, anyone can issue MAGI coins through their personal computers and a software-based minting process.

Magi is at the first concentrating on the low cost in maintaining its block system, for example, through cost effective mining devices. To this end, Magi, aiming at fairness, cost effective and energy efficiency, strives to make mining be available to everyone, and provides an even playing field for people looking to issue digital coins without expensive equipment."

- M-core.org
...
Show More

General

TICKER SYMBOLS
XMG
AGE
5 years old (September 15, 2014)
CURRENT PRICE
$0.02303
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$1.98
2 years ago
CIRCULATING SUPPLY
9,181,509 coins
Updated 10 minutes ago via coinmarketcap.com
MARKET CAP
$211,453
Updated 3 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (25,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work & Proof of Stake (Hybrid)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
3m
HASHING ALGORITHM
SHA-256
1
MAGI (Σ)

Categories

Payments

Member of the core team?

Manage this profile to post live updates, respond to reviews, add your team members, update profile info in real-time, and grow your community.
Manage This Profile