First Cryptocurrency in Japan
Officially born on the 2014 New Year’s Day, MonaCoin is one of the old school digital cash cryptocurrencies that were created for the sole purpose of representing money. It is a genuine number one in popularity cryptocurrency in Japan. In fact, it’s so popular that one man bought a piece of land in Nagano Prefecture with Mona.
MonaCoin Blockchain Facts
MonaCoin was created by anonymous Mr. Wantanabe while the rest of the team is unknown. The project is a hard fork of Litecoin with some notable differences. It is ASIC mining resistant as the philosophy of the project makes the coin dedicated to CPU and GPU miners. The block time is 1.5 minute which is faster than Litecoin, and the total amount was set to 105,120,000 coins.
Mona the Cat
MonaCoin has a cat character mascot based on ASCII art and is very well-liked among manga fans and Japan's famous "geek" otaku culture. Not surprisingly it led to comparisons with another famous mascot inspired cryptocurrency Dogecoin (wow, much talent!)