What is Maxcoin?

Maxcoin frequently asked questions.
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Meconomy153
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What is Maxcoin?

Post by Meconomy153 » Fri Jan 02, 2015 6:25 pm

Maxcoin is a distributed peer-to-peer digital currency that can be transferred instantly and securely between people in the world. It's like electronic cash that you can use to pay friends or merchants. Maxcoin is powered by its users with no central authority or middlemen. From a user perspective, Maxcoin is pretty much like cash for the Internet.

Maxcoin is introduced as open source software in 2014, inspired by Max Keiser.

It's common knowledge by now that the developers of Maxcoin (Luke Mitchell and Jordan Fish) went to great lengths to ensure it's launch was as fair for the majority as possible without giving preference to any individual or group, including themselves. They were not even mining it themselves for the first couple of days after the launch. The fact that Maxcoin is fair and had a zero percentage premine is proven by the timestamps of the first blocks in the block explorer.

The only thing a coin needs to survive is a large and active community. Maxcoin has that in spades. Revolutionaries, anti-bankers, goldbugs and libertarians are rallying behind the coin, and they’re passionate. That’s really all you need, and it’s exactly what most altcoins lack.

Maxcoin is lighting fast, modern and uses SHA3 - quicker and more secure than #Bitcoin. SHA3 (Keccak) is a winning 5-year long competition to create the successor or an alternative to Bitcoin cryptography. You pronounce Keccak like "Ketchup".

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