Coin Magi (
XMG) was founded in
2014 by
Joe Lao and is a
decentralized cryptocurrency empowered by everyday people. It focuses on
energy efficient mining thanks to the
m7mhash (PoW) algorithm and
staking functions (PoS). Payments can be made across borders in a
friction-less manner at a fraction of the cost. The
blockchain is backed by miners and stakers
all over the world making the project
self-sustainable. You can read more about it in the
original whitepaper, the
original website and on the
community site.
