Magnetocoin, A Green Cryptocurrency Launched… Golden Opportunity to Mine & Earn
The new currency is being built using Bitcoin Core Blockchain Technologies and is structured in such a way that it will have a low network fee, will be quick to transact, and secure in terms of network and other aspects.
By: Coinbaazar LLC
A Brief –Magneto coin (MGT)– magnetocoin.com
One of the officials explains Magneto coin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Magneto coin is an open-source global payment network that is fully De-Centralized. Magneto coin features faster transaction confirmation times and improved storage efficiency than the leading cryptocurrency.
"Before the launch of the new digital currency, as part of our mainstream work culture, we acquired valuable inputs, suggestions & comments from many crypto enthusiasts, including our community members, he further adds. Soon MGT will be available on Exchanges for Trading".
Technology-MGT Works On
Magneto coin is a lighter version of Bitcoin, using its script "proof-of-work"
Each subsidy will halve in 350K blocks (roughly 4 years). There are going to be 2016 blocks (to retarget difficulty) and 90coins per block, Since MGT is starting a fresh chain by generating its own genesis block. Thus Magneto coin has its own Blockchain Explorer, which works on Magneto Protocol Consensus Algorithm.
MagnetoCoin's base layer transactions on the blockchain are irreversible and final. It's no exaggeration to say that the entirety of MagnetoCoin's system of blockchain, mining, proof of work, difficulty etc, exist to produce the history of transactions that is computationally impractical to modify.