MUSDcoin wiki

This is MUSDcoin wiki

Welcome to MUSDcoin - wiki

The content supplied here is strictly produced and edited by the core programmers of MUSDcoin cryptocurrency. Should readers, programmers or traders have misunderstandings or wish to write to us, we have attached a discussion section on this wiki.

What is MUSD?

MUSDcoin is an Internet currency that works on a peer-to-peer network structure, allowing immediate payments from/to anywhere in the world with low or no fees. It was founded in 2017. It is completely decentralized without any kind of regulation by any authority.

MUSD hashing algorithm

MUSD's algorithm is a scrypt algorithm

Proof of work for MUSDcoin

MUSDcoin required proof of work to verify a transaction

MUSD addresses

This is the example of MUSDcoin address: 9NuUjTcYqJbcuvdepT9dqTdAqnXQmKWjWW

Transaction fees and confirmation

As of 2017 and 2018 MUSDcoin transaction fee can be as low as 0.0002 MUSD

MUSD wallets

MUSDcoin has a wide range of wallets that offer the best security depending on the platform/OS they running on. Provided below is the list of MUSDcoin wallet.

Distribution

MUSDcoin has a total supply of 100 million coins of which 70 million has been pre-mined by the founders of MUSDcoin and 30 million have been left for mining.

MUSDcoin Mining

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place.

How to mine musd

#Basic CPU mining

To start mining MUSDcoins, you will need a wallet to store the digital currency. The client could be downloaded from the official MUSDcoin site. Choose and download the MUSDcoin client for your operating system then proceed to install it. The client will synchronize with the network to download the blockchain which contains all transactions ever performed. Remember it runs on the network of its users? It will take fairly long, so let it run while we move on

Next,Click on help then click on debug window

Next, Click console as outlined below. Then at the bottom write this command “setgenerate true -1”. Note that “-1” means that you want to use all machine power to mine the coin. You can use 1 or 2, depending on how many cores of your machine you want to use. AAny difficulties can always be forwarded to the discussion tab available on this wiki.

Then, from here you will be now mining MUSDcoin. However, high machine power is needed for quick and smooth mining process. Therefore, using GPU power is highly recommended though as of late 2017 CPU power can still mine MUSDcoin well.

Mining rewards

When miners discover new blocks, they get rewarded for their mining contribution, which is agreed-upon by everyone in the network. Currently, this bounty is 25 MUSD. This value will halve every 210,000 blocks. In addition, miners are awarded the fees paid by users sending transactions. The fee is an incentive for the miners to include the transaction in their block

Mining hardware

As of 2017 and early 2018; GPUs, CPUs and ASIC hardware can be used to mine MUSD.

Mining difficulty

MUSD difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. The rate is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly 3 days had everyone been mining at this difficulty.

Mining pool

If you want to pool with an ASIC Miner, you can use this 3rd party mining pool. Based on the reviews, it has been very reliable to their users. Based on their documentation of Stratum Server for MUSDCoin (MUSD), you can start mining in their wallet writing this code:

-o stratum+tcp://scrypt.lpool.name:11970 -u <WALLET_ADDRESS>

Where <WALLET_ADDRESS> should be your MUSD wallet.

MUSDcoin security

Two Factor Authentication

For security reasons, every user must confirm their identity with a Two Factor Authentication. We suggest Google Authenticator as the most reliable authenticator, any way you can use any other authenticator. Please save somewhere safe the recover codes when you set up your authentication.

SMS Verification

Since a part of MUSDcoins will be distributed by free, all the users that want to be part of this Airdrop must verify their identity with a SMS verification. This way the community confirms that this amount of Airdrop will be distributed to the right users.

Where to buy MUSDcoin

One of the ways our users can acquire MUSD coins is through the coins own exchange. After opening an account by using the website of our exchange, you need to make sure you have the necessary amount of funds in your wallet in order to proceed with the process. By implementing different cryptocurrencies MUSD Coin gives its users the opportunity to buy the desired amount of MUSD through your own coins from your personal wallet. The process is simple and intuitive, users can easily complete the process by following the instructions given on the website.

Referral Bonus

You can find your referral link in your account settings here: https://exchange.musdcoin.com/Manage/Index right after you have logged in. After you have visited account settings, you can just copy the link with the "copy link" button, as shown in the below screenshot. Your referral link will look like this:

https://musdcoin.com?ref=c6d0da35-5834-4157-8fcf-8d24877e88f7

You will get 10 MUSDcoins for every user that register with your referral link.