Username: BobM Rating: Asked to: Chaoxiang Lee Date Created: 20 Feb 2018 |
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Category | 28 |
Tag | Financial |
Question | Please give the definition of 'MazaCoin'. |
Hello BobM, MazaCoin, a cryptocurrency launched in February 2014, is the official national currency of the Traditional Lakota Nation, a Native American tribe. The Lakota Nation is the first tribe to launch and adopt a cryptocurrency. MazaCoin is an offshoot of Zetacoin, which is based on the Bitcoin protocol. The word Mazacoin is derived from the Lakota Sioux words "maza" and "ska," meaning iron and white. It uses SHA-256 proof-of-work, which was designed to imitate the value curve and rarity of precious metal commodities. MazaCoin founder Payu Harris has said in interviews that he intended for MazaCoin to help alleviate poverty in the Lakota Nation. |
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