MazaCoin

MazaCoin (MZC) is a cryptocurrency which was developed to serve as a community currency for indigenous North American tribes. Based on the bitcoin source code, this blockchain currency allows for inflation, encouraging its use as a means of settling payments.

The cryptocurrency, which uses a proof of work system for mining, is similar to bitcoin in its structure. In spite of strong initiative on the part of its founder, native American Payu Harris, adoption of and investment in Mazacoin has not yet become widespread.

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Daniel Dreier is editor and personal finance expert at moneyland.ch.

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