What Is MintCoin (MINT)?

MintCoin is an eco-friendly Proof-of-Stake coin that serves as a self-growing store of value and a quick and efficient way of everyday transactions. With the rise of the cryptomining, mining operations worldwide used unprecedented quantities of electricity, even surpassing the yearly energy consumption of some of the world's largest cities. MintCoin aims to break the chain's reliance on expensive blockchain networks based on enormous clusters of energy-hungry mining rigs. Moreover, the company aims to establish an environmentally friendly blockchain that is universally efficient for everyday transactions and a real return on investment.

The whitepaper mentions that the power-consumption problem is significant. Hence, this is because of the widespread use of Proof-of-Work-style blockchain technology. Another issue that many of the leading cryptocurrencies face is slow and costly transactions. MintCoin's founders were concerned about the alarming rise in power consumption caused by Bitcoin mining and sought to establish a more environmentally friendly and energy-efficient digital currency.

Nowadays, many cryptocurrencies are dependent on leaders who are nominated arbitrarily and are frequently nameless. This is dangerous because it poses a security risk and undermines the democratic values upon which cryptocurrencies were founded and casting doubt on the future integrity of various blockchain initiatives.

MintCoin claims to be a cryptocurrency that combines lightning-fast transactions with low power usage. Moreover, MintCoin does not require special hardware and takes very few resources to keep the network up and to run. Furthermore, MintCoin is a decentralized cryptocurrency owned by no one. MintCoin holders are members of the world's first global democratic network built from the ground. 

Moreover, the users make all of their decisions using the "Living Roadmap," allowing them to vote for developers, ideas, and future goals. As a result, the holders select MintCoin's specific eco-friendly orientation, guaranteeing that the coin serves their best interests. Living Roadmap is the flagship feature of MintCoin.

The symbol of the native token is "MINT." MintCoin's unique position as a fair coin for everyday usage and long-term value storage seeks to make cryptocurrency use more lucrative.

History of MintCoin (MINT)

MintCoin was released on February 6, 2014. With the launch, in 2014, MintCoin claimed that it was the first Proof-of-Stake token to convert from Proof-of-Work. The whitepaper was published in March 2018. The total supply of MINT is 24,947,260,808 coins.