Monetary Unit is a cryptocurrency platform that uses Proof-of-Stake consensus algorithm. This project is open source, launched in July 2014 and being developed by a core team from United Kingdom. Most of the content was initially forked from Dash.
The main purpose of Monetary Unit was to create a cryptocurrency, that could be easily incorporated by established platforms. Main features are instant transactions: user can pay a commission to have an urgent transaction instantly confirmed. 10% ofShow more [+] all coins generated are reserved for benefit of the project ecosystem (users vote on what purpose to spend these funds). Set of master nodes to guarantee stability and constant maintenance of the blockchain, they receive 45% of each block reward.
Monetary Unit operates with token MUE, which is abbreviation of “me, u, everyone”. Mining is possible, 40 new MUE will be mined every 40 seconds, i.e. inflation rate is fixed to 3% a year.