Marscoin

Marscoin | the Blockchain & Crypto just for Mars

Marscoin & Human Colony IS POSSIBLE

The official website for the Marscoin project states:

“Currently several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. 

Simply by using Marscoin, a bitcoin alternative dedicated to the project of colonizing Mars and many space missions and projects that try to get us closer to this next big step for humanity, you will automatically participate in a serious bootstrapping effort to colonize Mars.”

This idea might not be too far-fetched our outlandish. Billionaires like Elon Musk are also quite interested in launching their own space-related projects, and we all know they’ve got a lot money to fund this type of stuff.

Funding for a mission to Mars, according to the creators/proposers of the Marscoin project, is around $30 billion. Although this is not exactly “chump change”, it seems logical that this amount of funding is definitely achievable given the importance of the project.

Let’s face it. Our planet Earth is running out of resources. As time has passed, humans have created numerous innovative products and technologies that have been quite beneficial. Unfortunately, these innovations such as automobiles and the fossil fuels they consume are depleting our planet of vital resources while polluting it to the point that Earth will no longer be a place where humans can live. Therefore, projects such as Marscoin should be welcomed and embraced, in order to help our future generations survive and prosper. 

Before going into the details of this ambitious blockchain and crypto project, let’s do a recap of what Mars is all about. 

A Little Background on Mars

Mars is the 4th planet from the Sun, and it has captivated mankind for thousands of years. Mars appears as a glowing red sphere in the night sky. Thousands of years ago some civilizations worshiped Mars as the God of war. Its red appearance is from iron oxide dust which covers its surface. It has volcanoes, hills, plains, and valleys just like Earth. It is also on the far edge of the habitable zone, a region around the Sun where solar radiation levels are just right to allow the existence of liquid water on the surface.

There are dried up river and ocean beds scattered across Mars, suggesting there used to be abundant liquid water on the surface. NASA has sent several rovers to the Martian surface and they have confirmed through chemistry and geological experiments that the planet indeed used to have liquid water flowing on its surface, and perhaps used to be a lot like Earth. However, the magnetic dynamo inside of the planet weakened as geological activity slowed to a crawl, weakening the planetary magnetic field and exposing the atmosphere to the solar wind.

The solar wind scoured away most of the Martian atmosphere, and now pressure on its surface is 1/1000 that of Earth. Due to the extremely low atmospheric pressure, water vaporizes instantly and it is no longer possible for water to flow on the surface. However, there is lots of frozen water locked up in the Martian polar ice caps, occasional clouds made from water vapor that circle the planet, and snow has been observed by the Phoenix lander.

Despite being a desert planet with practically no atmosphere, no breathable oxygen, and no life, the planet is the main target for humanity’s first colony on another planet since it is the closest planet to Earth where it is practical to land spacecraft. Our other closest planetary neighbor, Venus, is too scorching hot from a runaway greenhouse effect to handle colonization activity. In preparation for Mars missions and eventual colonization, the governments of the world have been landing robotic missions on the surface and surveying the planet with high resolution orbiters.

So, let’s say all this work pays off and we happen to successfully establish a human colony on Mars. Then, we will of course need all the usual stuff that we have here on Earth to  “run our day-to-day lives”. Obviously, one of the things we use pretty much every day is money. This is when Marscoin might become useful. But, why would anyone want to use such a coin anyway when we’ve got Bitcoin and others? While we cannot vouch for the legitimacy and usefulness of this crypto project, it’s still worth looking into. Perhaps it is something to talk about during a family dinner.

Anyway, so here’s a bit about this “space coin” …

A Blockchain & Crypto for Mars?

Marscoin (MARS) strives to be the blockchain for Mars, and the planetary currency of Mars. The hope is that one day an inter-planetary traveler will bring Marscoin to Mars and it will become widely used by Martians. MARS was released in 2014 and is Scrypt PoW; block time is every 2 Martian minutes (123 seconds) with block halving every 2 Martian years (668 days). The “space coin” introduces nothing new to the table technology-wise, but its developer team is motivated to help in the process of colonizing Mars.

They donated 500,000 MARS to MarsOne and another 500,000 to the Mars society. If the value of MARS rises significantly, these donations could accelerate the colonization of Mars. At this time, each Marscoin is worth 1 penny, with a total market cap of $275,000, so there is a long way to go before people start buying rocket ships with this cryptocurrency.

If you liked this article, check out our magazinecomic and this article as well!

References: 

https://en.wikipedia.org/wiki/Mars

http://www.marscoin.org

https://coinmarketcap.com/currencies/marscoin/