Marscoin on Mars – Future of Prosperity & Progress

In addition, everyone who downloads the Marscoin client initially and starts mining and using it and thus supporting the endeavor will have a stake in any future growth of a Martian economy (or Earth-side adaptation) in correlation to his early level of involvement – with the privacy and anonymity of cryptocurrencies this participation can easily be transferred to future generations on Mars: Once the first SpaceX rocket heads towards Mars, a copy of the blockchain could be transferred to Mars by some volunteering Martian colonist and setup as the first mining node on Mars. The deflationary “cap” on the number of issued coins and thus the ability to participate in Marscoin, to reserve your “Kickstarter spot” on the use of Marscoin here on Earth, will lead to time-based scarcity increasing the value of Marscoin prior to moving to Mars and thus increasing the funding available to the early non-profit organizations and thus the speed with which the colony can be made a reality.

On Mars, early colonists will continue to mine Marscoin. Because Marscoin is derived from Litecoin, its frequent confirmations (2.5 minutes) and script hashing algorithm will make it convenient and secure. There will be no need for expensive and costly mining machinery to keep the network running. Also, proposals exist that could add extra layers of security on Marscoin to prevent possible Earth-side interference with the blockchain on Mars (due to the distance there, it is relatively easy to protect Marscoin from Earth). Eventually, we can envision exchanges that will allow money conversion from Bitcoin (Earthcoin) to Marscoin on Mars and Earth. Marscoin is a project that involves a high amount of risk – it’s a labor of love and a global experiment in distributed collaboration for space colonization. Take a look for our roadmap and design ideas as well. We believe that network effects make it nearly impossible for other coins beside Bitcoin to become global reserve currency networks but are very serious in our efforts to make Marscoin the first cryptocurrency network on Mars.