MazaCoin is a decentralised open-source cryptocurrency of the Oglala Lakota Nation and is used in place of a national currency, opting for a digital currency format. It was conceived as a result of signing a memorandum of understanding with the Oglala Sioux Tribe, a native American tribe in North America. An inscription “The Black Hills are not for sale. 1868 is the LAW!” was placed into the genesis block to remind the users about the reasons behind creating MazaCoin, referring to the Sioux treaty with the US government signed in 1868. The cryptocurrency uses the proof-of-work consensus mechanism, with a total of 2.4192 billion coins mined during the first five years, followed by 1 million coins per year thereafter. MazaCoin can be bought or sold on international cryptocurrency exchanges, or it can be obtained through virtual “mining”.
Original author – Payu Harris
Programming language of implementation – C++
Initial release – 20 February 2014
Development status – Active
Website – mazacoin.org