11/30/2022, 7:28:39 AM

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Megacoin price is unchanged in the past week.

The current price is $0.000733 per MEC. The new price represents a new all time high of $0.000733.


What Is MegaCoin (MΣC)?

MegaCoin (MΣC) is a decentralized peer-to-peer currency. The currency is open source, anonymous, irreversible, with low transaction charges. MegaCoin is not minted or endorsed by any nation; instead, it is endorsed by users across the globe. MegaCoin aims to be a currency that gives an opportunity to users with internet access to send or receive with no additional barriers or conditions.

As per MegaCoin's official publishing on bitcointalk, users face numerous restrictions with traditional currencies. These include cross-border transaction issues, currency swaps, and inflation. MegaCoin plans to offer a cryptocurrency, which has no need for wiring or carrying physical currency across borders. Users can send MegaCoin to relatives or business partners to the other side of the world without hassle. Furthermore, unlike traditional financial systems that require a credit check or social security number, having a MegaCoin account doesn't require much. Also, a MegaCoin account has low transaction fees where transactions are complete within seconds.

The ticker for MegaCoin is MΣC. MegaCoin has a category of decentralized workers called miners (those who conduct mining) to secure the payment system. Technical cloud computers run encryption software to distribute MegaCoin and verify all transactions on the payment network. It is possible for anyone to become a miner on the network; all they need to do is rent hardware and join a mining community.

History of MegaCoin

Megacoin started on May 29, 2013, with a pre-announcement on bitcointalk written by an anonymous user called Kimoto (Dr Kimoto Chan), who is MegaCoin's initial developer. In the following month, Kimoto created the Kimoto Gravity Well for MegaCoin, a complex retarget system to prevent multipool influence on the blockchain. Two years later in June 2015, Kimoto left the project on short notice on bitcointalk. The maximum supply of MegaCoin is 42 million MΣC.

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What is the current price of Megacoin?

The price of 1 Megacoin currently costs $0.000733.

What other assets are similar to Megacoin?

Assets that have a similar market cap to Megacoin include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.