The Next Generation Currency
Bitcoin inspired. Mochimo perfected.
Early Release! The MainNet is
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
We have solved network scalability issues permanently. Our blocks stay small while substantially increasing TX speed using ChainCrunch™, our proprietary algorithm. Users can set up a full working node in minutes that compresses the blockchain into a small % of the historical block chain.
Decentralized and Fair
Trigg’s Algorithm ensures fixed mining difficulty, random node selection, fixed TX fees, and a AI-enhanced load balancer that writes a unique “haiku” for every block. Can you Beat Emerson?
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
Exchange Listing Android Wallet Release All Bounties Paid Out
Legal Opinions Letters from Ketsal, Duane Morris Pending Updated GUI Wallet Release Pending Third Party Security Audit Pending AML/KYC Vendor Partnership Completed SEC Regulatory Review Completed MCM Engine V2 Completed (Block 17185!)
Backend API Completed MainNet Launched June 25, 2017! The Mojo GUI Wallet Launch Github Repository Release
MainNet Launched June 25th!
The Mojo GUI Wallet Launch
Github Repository Release
MainNet Launched! MVP GUI Block Explorer Launched!
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 TestNet Online White Paper First Draft First website & Social Presence DevNet Online
Command Line Wallet Created Trigg’s Algorithm Completed Emerson’s AI v4 Born 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 Design Tenets Are Solidified Coding Begins
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: Trigg’s 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 1,048,576, 11 Years): .000056 MCM
Max Reward (Block 1,048,576): 63.720144 MCM
Per Block Reward Decrement (through Block 2,097,152, 22 Years): .000056 MCM
Final Reward (Block 2,097,152): 5 MCM
Total Mining Duration: ~22 years
Total Premine: 6.34% (4.76M MCM)
Dev Team Compensation Premine: 4.18% (3.2M MCM)
Other Premine (Matt Zweil’s Discretion): 2.16% (1.56M MCM)
Genesis Block: June 25th, 2018
What are the allocations for Mochimo since there is no ICO?
As part of the changes to our distribution plan, the total premined coins has increased from 4,000,000 coins to 4,757,066. That increased value will be held by Matt Zweil, who will use those coins in part to generate liquidity for the early coin launch and exchange listings, and also to replace the lost marketing and early adoption value that was to be provided by the Bitcoin Airdrop (which was cancelled due to regulatory concerns). The pool of premined coins allocated to the Dev Team as compensation remains unchanged at 3.2 Million $MCM.
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 Matt Zweil for marketing costs, bounties, and ongoing support of the network.
What is the difference between Mochimo and Adequate Systems?
The intellectual property (IP) behind the Mochimo Cryptocurrency Engine and Mochimo coin is owned by Adequate Systems, LLC, a blockchain-as-a-service company established by Mochimo’s Founder and Lead Architect.
Adequate Systems retains the right to license the various technologies in part or in whole to others who have need or interest in implementing our [insert your favorite buzzword] technology.
- The Mochimo token and blockchain is the flagship product of Adequate Systems, LLC, the software company that created the cryptocurrency engine.
- Any additional feature Adequate Systems builds will be immediately added as an option to Mochimo.
- 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?
Of course not. The Dev Team may not sell any MCM at all prior to Jan 1st, 2019. Afterwards, each member of the Mochimo Dev team will only receive 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.
What was included in the Main net release on June 25th?
Why can’t I check out your Github?
While we love open source and community scrutiny, the release of the code depends on a number of IP protections that are still in process. We expect to be able to release the code to the beta testing community on May 12th, 2018, and to the general public shortly after launch.