Re: [ANN] MangoCoinz Official ANN Thread - Mine cryptocurrencies on you smart phone
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I believe that this hybrid-algo satisfies all the basic demands posted so far. I am happy to see that this coin will finally step into the main journey of crypto revolution in full throttle.
I believe that this hybrid-algo satisfies all the basic demands posted so far. I am happy to see that this coin will finally step into the main journey of crypto revolution in full throttle.
What algo? Is there a hashing algorithm and/or encryption? There wasn't last time I checked. It might be a similar concept to cryptocurrency but it's technically not.
If not then people need to stop calling it a cryptocurrency and just call it a mobile or digital currency.
Also please do bring back the old style of 'mining'. I barely get any regardless of what I do in those two hours but the old app I'd do well. I don't think I've gotten a full coin in a day since the new app came out. I'm all for that change.
Why there is no Mangocoinz algo? If not, then Mangocoinz still has "algos."
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an algorithm usually means a small procedure that solves a recurrent problem. http://whatis.techtarget.com/definition/algorithm
The MCZ programs try to solve the problems of detecting certain (major or representative) characteristics of human physical activities (predominantly in the sport activities) and only try to recognize certain magnitudes of acceleration or deceleration (or any other possible detections/measures) as significant physical activity. It does not (or not much) assign the distance you travel or the speed (how fast you get there) as representative due to being likely due to non-physical /sport activities, such as driving a car or traveling in an airplaine, etc.)
Therefore, you create certain physical activities to be registered as significant physical activity by MCZ "algo" and you are awarded a small amount of Mangocoinz such as 0.02 MCZ for certain time range of total physical activities.
If I am not wrong, the MCZs created were cryptographically documented. https://mangocoinz.com/blockchain
for example:
The number below probably is a cryptograhically generated address.
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Sync: 688608813B0A7BE18C7995DA161A7638169556E29A4A1953D936B579C6371120 amount 0.022762 MCZ on 2015-08-10 19:55:02
Therefore, if the above is true then Mangocoinz is still considered a crypto, but unlike other crypto.
The MCZ coin amount you generated is not based on competition to "solve a block" like during the POW stage of other cryptos but it is close to the power of stake (POS). The Mangocoinz is different but it still has to implement certain "algos" to award MCZ. Being in competition mode is not an essential part of (the definition of) Algo.