Bitcoin is the first and the most well known cryptocurrency in the world but absolutely not the only one. After the success of Bitcoin new currencies appeared in the virtual world, mined by computers belonging to users across the globe. One of these new currencies is Megacoin, created in the second quarter of 2013.
What are Cryptocurrencies?
In short cryptocurrencies are a digital medium of exchange. Endorsed and mined not by any nation, country or institution, but by independant users from around the world. Megacoins are not physical coins yet you can exchange and use them everywhere there is internet.
As mentioned above the first cryptocurrency was Bitcoin, created in 2009 by developer known under the pseudonym Satoshi Nakamoto.
What is Megacoin?
Megacoin like many other cryptocurriences is based on the Bitcoin protocol. This means that it operates without any central authority, using peer-to-peer technology. Megacoins are 'mined' by users using specialized computer hardware in the form of high end graphics cards. Megacoins can also be exchanges for other currencies on online exchange markets such as Cryptsy. Here: https://www.youtube.com/watch?v=wXu9psizDOk you can find video guide how to exchange Bitcoins into Megacoins.
More information about Megacoin you can find on it's official website: http://www.megacoin.co.nz
How many Megacoins are there?
Megacoin's creators, to prevent inflation, decided that the number of Megacoins will be limited to 42 millions. Over 21 million coins have already been mined (you can check exact number on http://megacointicker.com). The total number will not be generated till 2079. Currently each coin is worth around US$0.70, which gives Megacoin a total market capitilization of almost 16,000,000 USD.
What can Megacoins be used for?
Currently there are around 25 online shops accepting Megacoins and this number is set to grow significantly. You can already use them to pay for computers and other electronic devices, games, jewelry, clothes, toys and many more items.
Company Name: Megacoin
Contact Person: Wieczorek
Email:Send Email
Phone: 48505936149
Country: Poland
Website: http://www.megacoin.co.nz/
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