MinCoin, or ‘Minimalist Coin,’ is a peer-to-peer crypto-currency based on the memory-heavy scrypt algorithm. This particular algorithm affords enhanced protection against ASIC devices like the ones currently dominating the Bitcoin network.
Fast block time
Although they both utilize the same scrypt algorithm, MinCoin’s block interval of 1 minute is a full 2.5 times faster than Litecoin, and a full 10 times faster than the SHA-256-based Bitcoin. This means lightning-quick transactions and a more secure network.
Only 10 million MinCoins will ever be created, compared to 21 million total Bitcoins and 84 million total Litecoins.