History
Marscoin Wikipedia article
Last updated
Marscoin Wikipedia article
Last updated
Marscoin (MARS or MRS) is a decentralized project released under the . It is managed by the nonprofit. Marscoin Foundation The project was introduced to the public by Lennart Lopin at the conference in 2014. Marscoin was proposed to facilitate a viable independent economic infrastructure for future colonies or missions on the which as a would be more convenient than carrying around cash for financial transactions domestically on Mars, or when dealing with Earth. The main advantage of this being no weight taken up on space crafts. It would also create a financial system that is not managed by any central authority so the first colonists bring an independent economic infrastructure in form of a to the red planet.
The simplest application being that of a politically neutral research credit, where those on Mars could be paid in Marscoin by Earth based academic organizations to perform tasks or research, then in return those on Mars could spend those Marscoins to obtain equipment or luxuries to be sent out on the next supply mission to Mars.
Like most the creation and transfer of coins is based on a decentralized . Marscoin uses a managed by its . Marscoin itself is based on the cryptocurrency reference used for but differs in several areas with regard to its supply, , , network and wallet features.
Functionally Marscoin as a works similarly to the network in managing transactions in a blockchain. Marscoins are created by generating blocks based on a . This process of finding a block is called mining.
In contrast to Bitcoin, blocks are generated in the Marscoin network every two minutes instead of every ten minutes in average, which results in faster transaction confirmations for clients. Therefore the blockchain of Marscoin also produces more units over the entire course than the , of which the maximum converges towards 21 million Bitcoin. Marscoin uses the instead of in their for mining. was specially developed to make with specialized hardware such as more difficult. To do this, it takes advantage of the fact that is relatively more expensive.
Lennart Lopin joins in 2013
Lennart Lopin begins developing Marscoin in early 2014.
Lennart Lopin attends the 9th of April 2014 "CryptoCurrency Convention" in NYC, to present his idea.
The non-profit Marscoin foundation is formed to manage it July 17 2014.
Lennart Lopin creates a submission to the competition in 2014, and becomes a finalist by February 2015.
The Marscoin foundation donates Marscoin to Mars One, subsequently The "UK Space Bulletin" website features an article about Marscoin in August 2014 discussing Marscoin and Mars One.
Lennart Lopin attends the 17th Annual International Mars Society Convention in September 2014 to conduct a presentation on Marscoin for Funding Off-Planet Colonization
While at the same convention the Marscoin foundation presents the Mars society with the first 500,000 Marscoin as a donation.
Marscoin is listed for trade on several cryptocurrency trade platforms, including but not limited to coins-e, poloniex, cryptopia, novaexchange and a few others.
2015 Several organizations add Marscoin mining pools to their platforms, including pooler, BNL bejjan, p2pool, prohashing, scryptpool and our-game.
2016 Coins-e ceases operation.
July 2016, Poloniex begins acquisition by and begins a mass delisting of smaller alt-coins to focus only on the top most profitable coins, Marscoin is delisted.
November 2018 Cryptopia begins negotiation for acquisition by Merchant Bankers. Marscoin is delisted along with several other alt-coins.
August 2019 Mars Society announces it accepts donations in several Digital Currencies including Marscoin and Mars Society confirms that the Marscoin donation given to the defunct has been gifted to the Mars Society with Mars One's blessing.
2019 Novaexchange ceases operation
April 2020 a private offer is sent to spaceX to donate 100,000 Marscoin to them to assist in their Mars colonization aspirations. They fail to respond.
May 2020 someone starts performing attacks on Marscoin pools, and the Marscoin blockchain is stalled. Several pools are forced to shut down or remove Marscoin support.
October 2020 the blockchain is kicked into action again, and some pools resume operation.
December 2020, shows sympathy for a financial economy based on a called Marscoin.
14 February 2021, the value of Marscoin suddenly went up by a multiple as a result of attention from a tweet by . in reply to Changpeng Zhao of Binance, Elon Musk replies "There will definitely be a Marscoin."
17th February 2021 CZ from Binance takes credit for the name "Marscoin" and implies it does not exist. Several Altcoin traders attempt to correct him, but he ignores them.
February 2021 several fake Mars copycat coins, and false social media groups are created - and all the real Marscoin pools and websites are placed under sustained Denial of Service attacks. Some pools are knocked offline due to the attacks. Other pools continue to operate at a degraded hash rate regardless.
March 2021+ Marscoin is added to , , and currency trade platforms
.
. Retrieved February 27, 2021.
Lennart, Lopin. . The Mars Society. Retrieved February 27, 2021.
(PDF). Retrieved February 27, 2021.
MacKenzie, Donald (April 18, 2019). (PDF). London Review of Books.
Kawase, Yoshiaki (November 23, 2017). . Lecture Notes in Computer Science. Vol. 10591. Springer International Publishing. pp. 75–88. :. .
Østbye, Peder (March 7, 2018). . .
Coventry, Alex. (PDF). Massachusetts Institute of Technology (MIT).
Perival, Colin. (PDF). Retrieved February 27, 2021.
. 5 August 2019.
.
.
.
.
. 19 March 2015.
.
.
. 5 August 2019.
. 5 August 2019.
.
.
Helms, Kevin (December 30, 2020). . Bitcoin.com. Retrieved February 27, 2021.
. protos.com. 17 February 2021. Retrieved March 3, 2021.
. Finanzen.net. Retrieved February 27, 2021.
Petereit, Dieter. . Retrieved February 27, 2021.
.
.
. 18 February 2021.
.
. 16 February 2021.
.