In today's world, MazaCoin is a topic that has captured the attention and interest of millions of people around the world. Whether due to its impact on society, its relevance in popular culture or its importance in history, MazaCoin has managed to transcend borders and generations, becoming a topic of discussion and debate in different areas. From its emergence to the present, MazaCoin has left its mark on people's lives, marking a before and after in the way we see the world. In this article, we will explore the different aspects and dimensions of MazaCoin, analyzing its influence in various fields and its role in contemporary society.
Denominations | |
---|---|
Code | MZC |
Precision | 10−8 |
Development | |
Original author(s) | Payu Harris, AnonymousPirate |
White paper | mazacoin |
Initial release | 7 February 2014 |
Code repository | github |
Project fork of | Zetacoin, Bitcoin |
Written in | C++ |
Operating system | Windows, OS X, Linux |
Source model | Open source |
License | MIT License |
Ledger | |
Timestamping scheme | Proof-of-work |
Block reward | 250 MAZA (as of September, 3 2021), (halved every 950,000 blocks) |
Block time | 1 minute |
Block explorer | mazacha |
Website | |
Website | Official website |
This article needs to be updated.(May 2022) |
MazaCoin (Maza, MZC) is a cryptocurrency launched in 2014.
MazaCoin was developed by Payu Harris in 2014. MazaCoin was specifically designed for the Oglala Lakota tribe in South Dakota. Some Native Americans adopted the use of MazaCoin to battle the US Government.
In October 2017, a Mashable article on the Oglala Lakota included a video about Harris's efforts to get MazaCoin accepted.
The currency was adopted by the Lakota Nation in 2014, with half of its supply reserved by the tribe to minimize the price volatility common in cryptocurrencies.
In 2017, The Lakota leadership formally recognized MazaCoin as their national currency, yet this decision encountered skepticism within the community. The concept of digital currencies, heavily reliant on technology such as apps and smartphones, was less accessible to older generations and those without consistent internet access. To counteract this, a system of paper wallets was developed, allowing MazaCoin to be stored and used in a more traditional, physical format. This system allowed tribal members to use MazaCoin in physical form for transactions within the community, converting it back to digital format at the centralized facility.