MazaCoin

Categories: Banking, Tech

Wouldn’t it be weird if our national currency was a cryptocurrency? Not at all, says Payu Harris, creator of MazaCoin.

“MazaCoin” is a cryptocurrency based on ZetaCoin (which is based on Bitcoin), and it’s the official currency of the Oglala Lakota Nation in South Dakota. Of course, it’s still kind of a new thing—folks are still figuring out what it is and how to mine it—but the goal is that, once it gets going, it’ll provide a method by which the Lakota Nation can self-sufficiently bring itself out of poverty and make plans for a healthy and prosperous future.

Since mining MazaCoin requires a lot less processing power than do other cryptocurrencies, it’s also got potential as an environmentally friendly alternative to heavy power consumers like Litecoin.

Find other enlightening terms in Shmoop Finance Genius Bar(f)