Currency for the Post-Quantum Era
A truly decentralized quantum-resistant blockchain that’s lightweight, fast and scales. Blockchain reborn and rewritten with a poetic license.
Genesis Block Mined: 23:40 UTC on 06/25/18
What is Mochimo?
A complete reimplementation of blockchain.
Future-proofed and Privacy Enabled
Scalable and Fast
Decentralized and Fair
Our code-base is community-developed, and open sourced under the MPL license. There is no centralized source of truth, or trusted node. This a truly decentralized project using a GPU-minable, ASIC-resistant algorithm.
Understanding the Mochimo Innovation
Mochimo was built with developers in mind to ensure that the currency can be continued to be developed for years to come
High Level Roadmap
Updated GUI Wallet Release Third Party Security Audit AML/KYC Vendor Partnership Completed MCM Engine V2 Completed (Block 17185!)
Backend API Completed
The Mojo GUI Wallet Launch Github Repository Release
MVP GUI Block Explorer Launched! Beta Mining Instructions/Code Release Beta Mining Launch & Support Weekend Command Line Wallet Release Rebranded Website Launch Public White Paper Release Datacenter Buildout Completed
Code Audit by Quantum Expert,
Andreas Hulsing, Ph.D, creator of the WOTS+ Algorithm
White Paper First Draft
Command Line Wallet Created
Trigg’s Algorithm Completed
Emerson’s AI v4
MCM Engine V1 Completed
Matt Zweil and Trigg Begin Coding the ChainCrunch™ Protocol
Dev Team Recruited
First Website & Social Presence
DevNet OnlineData Center Built
Mochimo tenets are solidified Coding begins
Frequently Asked Questions
How much MCM will be mined on the Mochimo Blockchain?
Maximum Supply: 76,533,882
Mineable Coins: 71,776,816 (93.8%)
Mining Algorithm: Peach Algorithm – PoW
Difficulty Adjustment: Every Block
Target Block Time: 337.5 Seconds
Genesis Block: June 25th, 2018
Network TX Fee: .0000005 MCM (fixed)
Starting reward: 5.0 MCM / Block
Per Block Reward Increment (through Block 373,760 4 Years: .00015 MCM
Max Reward (Block 373,760): 59.17 MCM
Per Block Reward Decrement (through Block 2,097,152 22 Years): .000028488 MCM
Final reward (Block 2,097,153): 5 MCM
Total Mining Duration: ~22 years
What are the allocations for Mochimo since there is no ICO?
The breakdown of the initial distribution of MCM is as follows:
Mining: ~71.8 Million MCM are available for mining enthusiasts for the entire lifetime of the coin’s mining phase. That means you’re not going to get kicked off just as the going gets good. Anyone with a computer can mine Mochimo.
Mochimo Development Team: 3.2 Million MCM. As the Mochimo Dev Team has spent a couple of years creating a cryptocurrency platform that solves almost every major issue with Bitcoin to date, they are collecting a fee in MCM for that work. The fee equals 4.18% of the available coins on the network. The only value any member of the Mochimo Development Team receives is based on the long-term valuation of our cryptocurrency and the disruptive tech that powers it. Simply put, we believe in it.
Other Premine: 1.56 Million MCM will be set aside to be managed by The Mochimo Foundation for marketing costs, bounties, and ongoing support of the network.
What is the difference between Mochimo and Adequate Systems?
- The Mochimo token and blockchain is the flagship product of Adequate Systems, LLC, the software company that created the cryptocurrency engine.
- The Mochimo Cryptocurrency Engine is a collection of flexible protocols that can be used as the basis for the creation of fast, scalable blockchain-based services.
- Various modules can be introduced on Mochimo to support either private or public chains and these features will then be available to any currency or blockchain based on the Mochimo Cryptocurrency Engine.
Will there be an ICO or other investment opportunity for Mochimo?
No, Mochimo is well beyond the need for an ICO. ICOs are typically a way to float ideas to the community and provide funding toward developing a dream. Mochimo is a fully formed and functional product; we are beyond dreaming and we are busy delivering. Our functioning transaction network is delivering extremely fast, secure, and private transactions right now.
The easiest thing, of course, is to set up a node on your laptop and mine it.
Do you have a wallet?
Can the Mochimo Development Team sell their MCM at will?
Per their individual compensation contracts, the Dev Team may sell up to 5% of their holdings per month. As part of their participation on the Dev Team, each member has agreed to publish their intent to sell and quantity to be sold on the mochimo.org homepage with 30 days notice.
How did you quantum proof the ledger, anyhow?
We checked out the algorithms that were peer reviewed and acknowledged by the EU backed Quantum Research group PQCRYPTO and chose the WOTS+ algorithm. We then wrote and vetted our quantum code with the algorithm’s originator: Andreas Hülsing. The penalty of adopting quantum signatures is their size, but we’ve already solved that problem with our ChainCrunch™ technology.
How long does it take to set up a Mochimo mining node?
This will be available for testing on and to the general public at launch and on May 12th was available for Beta Testers. So how long does it take? A minute or two. Seriously. That includes downloading the blockchain which will only take up 2GB on your machine. Yes, our blocks are that compact and you only need to maintain the equivalent of two days worth of blockchain thanks to our ChainCrunch™ technology.
Will Mochimo be Pre-mined?
Very minimally. The Mochimo Dev Team has created a cryptocurrency that solves almost every major issue with Bitcoin to date, so yes, they are collecting a fee (in MCM) for that work. That fee is relatively small as pre-mines go.
Where do I store my MCM?
Beta testers will be able to use the command line wallet after May 12th. The general public will have access to the MainNet wallet.