Monexcoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Monexcoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Monexcoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Monexcoin is a proven medium of commerce complementary to Bitcoin.
Miners are currently awarded with 12.5 new Monexcoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Monexcoins network is therefore scheduled to produce 84 million Monexcoins, which is 4 times as many currency units as Bitcoin.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending monexcoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
The Monexcoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Find general information as well as a list of services and exchanges that support Monexcoin at the Monexcoin Wiki. Up-to-date network statistics can be found at Monexcoin Block Explorer Charts. Source code for Monexcoin Core and related projects are available on GitHub.
