 MazaCoin logo | |
| Denominations | |
|---|---|
| Code | MZC |
| Precision | 10 |
| Development | |
| Original author(s) | Payu Harris, AnonymousPirate |
| White paper | mazacoin |
| Initial release | 7 February 2014; 10 years ago (2014-02-07) |
| Code repository | github |
| Project fork of | Zetacoin, Bitcoin |
| Written in | C++ |
| Operating system | Windows, OS X, Linux |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof-of-work |
| Block reward | 250 MAZA (as of September, 3 2021), (halved every 950,000 blocks) |
| Block time | 1 minute |
| Block explorer | mazacha |
| Website | |
| Website | Official website  |
 | This article needs to be updated. Please help update this article to reflect recent events or newly available information. (May 2022) |
MazaCoin (Maza, MZC) is a cryptocurrency launched in 2014.
History
MazaCoin was developed by Payu Harris in 2014. MazaCoin was specifically designed for the Oglala Lakota tribe in South Dakota. Some Native Americans adopted the use of MazaCoin to battle the US Government.
In October 2017, a Mashable article on the Oglala Lakota included a video about Harris's efforts to get MazaCoin accepted.
Recognition and use
The currency was adopted by the Lakota Nation in 2014, with half of its supply reserved by the tribe to minimize the price volatility common in cryptocurrencies.
In 2017, The Lakota leadership formally recognized MazaCoin as their national currency, yet this decision encountered skepticism within the community. The concept of digital currencies, heavily reliant on technology such as apps and smartphones, was less accessible to older generations and those without consistent internet access. To counteract this, a system of paper wallets was developed, allowing MazaCoin to be stored and used in a more traditional, physical format. This system allowed tribal members to use MazaCoin in physical form for transactions within the community, converting it back to digital format at the centralized facility.
References
- Vigna, Paul (March 7, 2014). "Lakota Indian Promotes New Digital Currency, Mazacoin". Archived from the original on March 26, 2014. Retrieved March 25, 2014 – via www.wsj.com.
- "He created an indigenous digital currency. The dream is still alive". MIT Technology Review. Archived from the original on 2023-09-29. Retrieved 2023-11-26.
- Browning, Lynnley (2014-08-14). "Tribal Bitcoin". Newsweek. Archived from the original on 2023-12-24. Retrieved 2023-12-24.
- Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". theverge.com. Archived from the original on March 5, 2014. Retrieved September 4, 2017.
- Consuji, Bianca; Engel, Evan (18 September 2014). "No Country for Cryptocurrency This man thinks "Bitcoin for Native Americans" can solve tribal poverty. So why won't anyone give him a chance?". Mashable. Archived from the original on 19 April 2021. Retrieved 13 April 2016.
- Landry, Alysa. "9 Questions Surrounding MazaCoin, the Lakota CryptoCurrency: Answered". Indian Country Today. Indian Country Today. Archived from the original on 9 October 2016. Retrieved 13 April 2016.
- Petronzio, Matt (9 October 2017). "Why Square commissioned this stunning short film about Native American youth". Mashable. Archived from the original on 2017-10-09. Retrieved 2019-01-06.
- ^ Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". The Verge. Archived from the original on March 5, 2014. Retrieved November 4, 2020.
Further reading
- Indigenous cryptocurrency: Affective capitalism and rhetorics of sovereignty in First Monday (3 October 2016, Volume 21, Number 10) by Cindy Tekobbe and John Carter McKnight
- Decolonization in a Digital Age: Cryptocurrencies and Indigenous Self-Determination in Canada in Canadian Journal of Law and Society (1 April 2017, Volume 32, Issue 1, pp. 19-35) by Christopher Alcantara and Caroline Dick
External links
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