Mergecoin – General Info, Best Exchanges and Wallets

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Recommended resources: CoinMama (Buy BTC and ETH) and Ledger Nano S (Hardware wallet).

Mergecoin privacy

PROJECT OVERVIEW.

Mergecoin is a PoS crypto-currency with private transactions.

 

 

HOW IT WORKS.

In Mergecoin, masternodes facilitate private transactions through a decentralized mixing service that takes advantage of the perfect fungibility of the currency. Any unit of Mergecoin has the equivalent value to any other unit of identical size, regardless of the transaction history of any particular unit.

Masternodes use this property to automatically break up private transactions into multiple identical and indistinguishable transactions, both adding complexity to the original transaction and obfuscating the provenance of any given unit.

Private Mergecoin transactions are initiated through a local wallet and received by the masternode subnetwork. Transactions are processed in groups of three. Inputs of common denominations are required – for example 0.1 MGC, 1 MGC, 10 MGC, or 100 MGC.

 

 

HOW ADVANCED IS IT?

Mergecoin privacy

 

SIMILAR COINS.

The fascinating thing with masternodes are two activities that provides a differentiation strategy when investing; First off, because that cryptocurrency has masternodes, the supply of the currency is “locked up” by other masternode holders, and the more masternode holders that join the blockchain the more that are locked up. This drives demand higher as the supply comes off the market.

Secondly, masternodes manage a treasury fund which ensures the long-term viability of a crypto project. This focuses minds on the long term rather than cycles of pump and dump. For example, as of March 2017 Dash had a budget of $500,000 USD a month. Such a budget is a resource on which the coin can continue to expand its value.

Since running a masternode provides core functions to the network, you’re paid a higher return on your investment, depending how many masternodes are providing services.

With all that said, here are some masternodes:

 

Dash.

Market cap: $2.2B

Coinmarket ranking: 6

Overview: Masternodes enable the InstantSend, PrivateSend, and the Dash Treasury System.

Units: 1k

Dollar cost: 291k

 

 

Nem.

Market cap: $1.9B

Coinmarket ranking: 7

Overview: NEM launched in early 2015 and is now traded across many major cryptocurrency exchanges. It introduced a new consensus mechanism called Proof of Importance (PoI), designed to reward users’ contribution to the NEM community.

Units: 3M

Dollar cost: 0.6M

 

 

Pivx.

Market cap: $192M

Coinmarket ranking: 30

Overview: PIVX, Private Instant Verified Transaction, is a privacy-focused, decentralized, open source cryptocurrency run by a global community run by creators, innovators, and technology enthusiasts.

Units: 10k

Dollar cost: 35k

 

 

Blocknet.

Market cap: $99M

Coinmarket ranking: 60

Overview: To enable trustless exchange services.

Units: 5k

Dollar cost: 102.5k

 

 

Crown.

Market cap: $20M

Coinmarket ranking: 143

Overview: Master nodes are used to host decentralised apps amongst other things.

Units: 20k

Dollar cost: 26k

 

 

Ion.

Market cap: $19M

Coinmarket ranking: 153

Overview: Delivering a comprehensive suite of powerful business solutions to game developers, a new dimension to games, and a compelling value to investors.

Units: 30k

Dollar cost: 33k.

 

 

Diamond.

Market cap: $16M

Coinmarket ranking: 167

Overview: Diamond (DMD) is a non-government contro­lled digital currency that allows people to send money anywh­ere in the world ins­tantly, securely and at near zero cost. Moreover, DMD Diamond aims to empower pe­ople to achieve fina­ncial freedom by mak­ing every DMD Diamond coin an interest bearing asset with hi­gh annual interest rate. This modern age financial instrument makes an excellent storage of value th­at is supported by the network protocols, infrastructure and services.

Units: 10k

Dollar cost: 60k

 

 

MonetaryUnit.

Market cap: $14M

Coinmarket ranking: 177

Overview: Within the crypto currency industry MUE is a well-established and respected brand with a mature ecosystem and progress is driven by a dedicated foundation team. The rate of growth since launch and the potential to continue this trend shows MUE is only heading in one direction. The MasterNode network manages a pool of funds which is set aside to fund the project moving forward. Proposals put before MasterNodes allows for a democratic process over future decisions unlike other currencies in the market.

Units: 500k

Dollar cost: 57k

 

 

Bitsend.

Market cap: $9M

Coinmarket ranking: 222

Overview: Bitsend is Digital Cash You Can Spend Anywhere. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users.

Units: 20k

Dollar cost: 10.8k

 

 

NEOS Coin.

Market cap: $8M

Coinmarket ranking: 229

Overview: NeosCoin is a Proof of Stake cryptocurrency featuring a network of masternodes. It powers the Neos V3 hosting service and social network. Within the network, peers come to agreements and make decisions as a whole – rather than having decisions made for them and rules dictated to them.

Units: 10k

Dollar cost: 23.4k

 

 

XtraBytes.

Market cap: $7.1M

Coinmarket ranking: 242

Overview: XtraBytes is a platform on which a multitude of customized services can be deployed and utilized. A quick association is to think of XBY as an Ethereum 2.0 of sorts, but with greater scalability, security, and freedom.

Units: 500k

Dollar cost: 8000

 

 

ExclusiveCoin.

Market cap: $6M

Coinmarket ranking: 251

Overview: Exclusive Coin is a cryptocurrency that above all values your privacy, but is also easy to use. It is one of the few masternode coins in existence. Features like Darksend and fast instant transactions are just some of the many developments taking place.

Units: 5k

Dollar cost: 7.4k

 

 

TransferCoin.

Market cap: $5.9M

Coinmarket ranking: 258

Overview: As crypto-currencies make their way into the mainstream society, privacy is an increasing concern. TransferCoin aims to provide an end-to-end privacy solution with our multiple integrations of stealth techniques, as well as focus on merchant adoption & community growth.

Units: 10k

Dollar cost: 9.7k

 

 

Syndicate.

Market cap: $3M

Coinmarket ranking: 323

Overview: Syndicate revolutionizes the way businesses and investors fund and budget their operations and costs via income generated by SYNX Masternodes. A decentralized cryptocurrency combined with a state of the art business software can generate a unique opportunity for business owners to thrive in a country with a struggling economy. Syndicate is a community coin and every new project based on this platform will be decided by vote through its Governance Platform.

Units: 5k

Dollar cost: 1k

 

 

ChainCoin.

Market cap: $2M

Coinmarket ranking: 336

Overview: ChainCoin is a currency, established in 2014, offering freedom from centralized banking allowing you to use digital currency in the real world. They will create a truly decentralized ecosystem by “chaining” multiple blockchains together and providing a decentralized in-wallet exchange. Using this technology a library of applications can be developed to further enhance and assist ChainCoin’s community.

Units: 1k

Dollar cost: 176

 

 

Crave.

Market cap: $2.4M

Coinmarket ranking: 353

Overview: Crave (CRAVE) is a cryptocurrency that has adopted numerous current technologies in order to provide a secure and user-friendly coin alternative. The coin has presented a great alternative for users who are looking for privacy while going about their online transaction. The coin’s Blackcoin background has enabled it to borrow some useful features like fast transactions and anonymity. Due to the many core advancements in the coin’s wallet address and transaction broadcasting technology, the coin is virtually untraceable. In addition, the coin boasts of a simple and friendly user interface.

Units: .5k

Dollar cost: 855

 

 

BitRadio.

Market cap: $1.2M

Coinmarket ranking: 399

Overview: BitRadio is a community driven webradio website. The free radio service brings together more than 30,000 radio stations on a single platform. You get Bitradiocoins while listening to your favorite radio station. You can exchange them to Bitcoin or hold them to own a share of our websites and services.

Units: 2.5k

Dollar cost: 556

 

 

AmsterdamCoin.

Market cap:

Coinmarket ranking: 992

Overview: The cryptocurrency of Amsterdam.

Units: 100k

Dollar cost: 534