During this incredibly slow news day, we do have a bit of spare time to look at recently launched digital currencies. MACD has been launched a few days ago, and no, it has nothing to do with the popular fast food chain. Let’s take a look!
Allow me to begin this article by saying there is a bit of controversy going on with MACD. There are claims about this coin being a fork off BlueChip’s code , as well as this being a coin released by a disgruntled ex-BlueChip developer. As these claims can not be verified at this point, make up your own mind about what you want to believe.
Either way, MACD stands for “moving average convergence/divergence”, which is a trading indicator used for technical analysis of stock prices. You can find out more information about this indicator here.
The part about MACD that I like the most, is their FAQ in the announcement thread. Discussing topics such as anonymity, funding the projects, future plans, etc. You might find the answers a bit elitist, but some of them made me chuckle.
The bottom line is this : MACD has no pre-mine, no iPO, a team of developers with real-life jobs, and the coin had a fair launch. There are bounties for MACD-related tasks, but they are all community sponsored, which is a nice touch.
Technical specifications then!
MAX 5 Million Coin Proof-of-Work (PoW) Maximum*
0% Premine, No Instamine, Fair Launched right here!
7 Day Maximum Proof-of-Work (PoW) Mining Phase*
Difficulty re-targets every block – nothing silly to interfere with the Proof-of-Stake (PoS) implementation
12% Proof-of-Stake (PoS)*
Min stake age – 1 Hour
Max stake age – 1 Day
Confirmations – 288
Maturity – 30
MACD can currently be traded on two exchanges : BitTrex and RockyTrade.
To keep up with the latest MACD news, you can use the following sources :
MACD on BitcoinTalk : https://bitcointalk.org/index.php?topic=668478.0
MACD on Twitter : https://twitter.com/MACDCoin
MACD donations are welcome to : GChXUNQ4a97KuHMZJ22P17GYM2MjuyjoHf