musiccoin is a fork from Ethereum?
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Musicoin is a standalone cryptocurrency with its own blockchain as the public ledger. It started with no ICO nor pre-allocated any funds to project development. Instead, 100% of the coins are mined by the community from day one. Musicoin is a forked coin of Ethereum. Which means, it was built and iterated from existing technologies of Ethereum blockchain to suit the unique requirements of servicing the music industry. Having a separate blockchain for Musicoin allows us to maintain low transaction fees, and grants us the flexibility to create our own set of conditions within the code-base. In the future, Musicoin will experience the Ice-Age as well as the benefit of Ethereum's scaling technologies, Plasma and Sharding.