Monacoin is designed to resist centralization.
Monacoin’s award winning (1) Lyra2 algorithm is designed to resist the development of custom mining hardware and multipool mining,
ensuring that transactions are validated by a widely distributed network.
Dezentralization is the point of cryptocurrency after all.
For more detail, read the Lyra2RE white paper.(3)
Yet, Monacoin achieves this without the need of Proof-of-Stake and all its Problems(2). (Limited supply + Hoarded mining = total fucking scam)
The Asic resistance of Lyra2, means miners cant just fork all over mona if they dont like Segwit.
With Segwit activated, Monacoin will be like Ethereum, Dash, and XMR combined.
Lightning is better than Dash Instasend.
CT is similar to XMR.
RSK is similar to ETH.
*(1)
http://www.icissp.org/PreviousAwards.aspx https://link.springer.com/article/10.1007/s13389-013-0063-5 (Lyra 1, monacoin is even better than this, WOW!)
*(2)
https://cointelegraph.com/news/the-inevitable-failure-of-proof-of-stake-blockchains-and-why-a-new-algorithm-is-needed https://www.reddit.com/r/scamcoin/comments/1skh7t/is_proof_of_stake_really_just_a_scam/*(3)
https://vertcoin.org/downloads/Vertcoin_Lyra2RE_Paper_11292014.pdfTechnical Details
Algorithm: Lyra2RE(v2)
Generation: ~105,120,000 total MONA
Block time: 1.5 minutes
Block Rewards: 50 coins per block
Premine: Zero – not premined