MCOIN

mCoin (MCOIN) is a digital asset that aims to lay the groundwork for a new, distributed infrastructure for digital assets, thereby shaping an enhanced, contemporary framework. It strives to bridge the gap between the present and the future through the application of blockchain technology. mCoin is intended to serve as a foundation for a decentralized internet of blockchains, also known as Web3. It seeks to streamline the creation of new applications, institutions, and services by facilitating the connection and exchange of value between different blockchain ledgers in a distributed manner. The mCoin protocol has the potential to connect public and private chains, permissionless networks, oracles, and future technologies, enabling these independent blockchains to share information and transactions without the need for trust through the mCoin Relay Chain.

mCoin functions as a sharded multichain network, which implies it has the potential to process numerous transactions on several chains simultaneously, known as "parachains". This parallel processing power aims to enhance scalability. Custom blockchains can be developed swiftly and effortlessly using the Substrate framework, and Substrate blockchains are designed to be easily connected to mCoin's network. The network is also highly adaptable and flexible, enabling the sharing of information and functionality among participants. mCoin has the potential to be automatically upgraded without the need for a fork to implement new features or remove bugs. The network features a sophisticated user-driven governance system where all token holders have a say in how the network is managed.

mCoin aims to facilitate a decentralized web, controlled by its users. It seeks to streamline the creation of new applications, institutions, and services. The mCoin protocol has the potential to connect public and private chains, permissionless networks, oracles, and future technologies, enabling these independent blockchains to share information and transactions without the need for trust through the mCoin Relay Chain. mCoin's native mCoin token serves three distinct purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains. This positions mCoin as a versatile digital asset with a broad range of potential use cases in the decentralized web space.

mCoin is the primary protocol of Web3 Foundation, a Swiss Foundation that aims to facilitate an open-source, fully functional, and user-friendly decentralized web. The founder of mCoin is Mr. Denis Shehu, a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. mCoin was envisioned with the aim to establish a new, distributed infrastructure of digital assets to shape an enhanced, contemporary framework. It also seeks to bridge the gap between the present and the future, through the application of Blockchain technology. mCoin's journey has been centered around creating a foundation to facilitate a decentralized web, controlled by its users, and to streamline the creation of new applications, institutions, and services.