The digital currency is a type of cryptocurrency, and like the cryptocurrency bitcoin, MazaCoin can be bought or sold on international cryptocurrency exchanges, or it can be obtained through virtual “mining”. The underlying software for MazaCoin is derived from that of another cryptocurrency, ZetaCoin, which in turn is based on bitcoin’s SHA-256 proof-of-work system. The Lakota Nation anticipates that 2.4 billion MazaCoin will be produced within five years, and drop to 1 million MazaCoin per year thereafter. Another difference from bitcoin is that it is “simpler” in a way that makes it consume less power to run the cryptographic mining algorithm, making it more environmentally friendly. MazaCoin is the national currency of the Oglala Lakota Nation and is used in place of a national currency, opting for a digital currency format. Mazacoin was developed by the BTC Oyate Initiative, under the direction of Payu Harris, a Native American activist, web developer, and digital currency trader who has traced his ancestry to the Northern Cheyenne tribe.
- You might also want to look up historical price trends and other charts.
- Did not ignore the news and representatives of the FBI, who called the leader of Lakota, to warn him that in fact bitcoins and other cryptocurrencies are not a legal means of payment, ie currency.
- This website is using a security service to protect itself from online attacks.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Harris hopes that the currency will cause the international community to “realize we’re serious about our sovereignty”, as well as help alleviate poverty within the nation. At the beginning of 2014, Harris signed an agreement with the Oglala Sioux tribe economic development Department and now this cryptocurrency is in circulation on the territory of the Lakota reservation. Journalist Forbes tried to learn the opinion of Mazacoin the elders of the rakata, but they just brushed it aside, redirecting it to Harris.
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Did not ignore the news and representatives of the FBI, who called the leader of Lakota, to warn him that in fact bitcoins and other cryptocurrencies are not a legal means of payment, ie currency. buxcoin price You can get MAZA from someone else directly or you can buy it on an exchange. To buy on an exchange first you must obtain some other cryoto to buy it with, like bitcoin or litecoin.
Watch the video on the left for instructions and look below for links to exchanges. Harris, however, is not inclined to listen to this warning and organizes an educational campaign that will tell everyone about the benefits of MazaCoin how to buy sologenic cryptocurrency. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
MazaCoin
Once you have a wallet, MAZA can be earned by mining or bought in exchanges. When you start making transactions in MAZA you can how to buy barnbridge find and track those transactions in a block explorer. You might also want to look up historical price trends and other charts.