MaxCoin is a tech-oriented, self-governed cryptocurrency that is driven by the community. The asset is dedicated to people and represents the true ecosystem of human interaction through collaboration. As per its whitepaper, the core principles of the platform are decentralization and interdependence. With these principles, the currency aims to develop an ecosystem where individuals can interact and communicate through positive teamwork.
MaxCoin intends to merge with existing open-source projects, third-party merchants, and payment services providers for creating reliable and accessible forms of payment for users. MaxCoin believes that if a currency is allowed to develop organically with the help of effective planning and management, despite using financiers and marketing, it can remain loyal and true to its core mission.
The currency is driven by the community, which uses advanced SHA-3 encryption. SHA-3 is a secure hash algorithm function that accepts information of the random size and yields an outcome of a fixed size. In brief, a hash is a function that fulfills the encrypted demands needed to solve a blockchain computation. This advanced SHA-3 encryption offers numerous other hashing functions and decreases the token's ecological footprint. Further, the network also uses Schnorr Signatures technology to improve its scalability and capability. Schnorr Signatures is a digital signature that is produced by using its native signature algorithm. MaxCoin operates on its own blockchain and is a growing community for developers, traders, miners, and cryptocurrency enthusiasts.
MAX is the native token of MaxCoin. The platform aims to gain a rare position in the space of cryptocurrency by offering secure and quick transactions. Hence, the asset charges approximately 0% trading fees from their users. In addition, the currency has fixed the block reward at eight MAX coins per block and uses SHA-3 (secure hashing algorithm) encryption technology forproof-of-work.
MaxCoin has a maximum supply of 100,000,000 MAX coins.
