What is Musicoin?

"Musicoin is designed to support the creation, publication, and consumption of music as a cycle. The system uses a special algorithm to generate a currency called Musicoin (MC), as well as another algorithm to support automated contracts ("smart contracts") which enable creators and consumers to exchange value in a frictionless environment. With a unique currency and a solid contract system, large scale transactions around music becomes possible.

The Founders of Musicoin designed a global currency (MC) to support the requirements of the Musicoin system.With the trust-able and immutable MC currency, smart contracts can then be created to run automatically to ensure that payments are made correctly, directly and immediately, and also that the correct content is shared to the requesting party.

A series of contract templates have been designed that can be used by creators for different types of usage and consumption."

-Musicoin.org
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General

TICKER SYMBOLS
MUSIC
AGE
2 years old (February 11, 2017)
CURRENT PRICE
$0.000934
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.117683
Last year
CIRCULATING SUPPLY
1,625,128,666 coins
Updated 1 minute ago via coinmarketcap.com
MARKET CAP
$1,518,115
Updated 2 minutes ago
FOUNDER
Isaac Mao

Technical

BLOCKCHAIN / LEDGER
Uses own
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
No
AVERAGE CONFIRMATION TIME
30s
CURRENT BLOCK REWARD
314 coins
HASHING ALGORITHM
Ethash

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