Magi (XMG)

Coin Magi (XMG) is an online payment system, enabling instant payments to anyone in the world without needing an intermediary. With XMG, anyone in the world can issue digital coins through their personal computers and a software-based minting process. Coin Magi removes the competitive nature of minting and offers an even playing field for anyone looking to issue currencies without expensive equipment. Coin Magi distinguishes itself from other counterparties by its fairness, cost-effective and energy efficiency in maintaining the operation of the system.

It is a hybrid proof-of-work/proof-of-stake cryptocurrency that allows coin generation by both mining and staking. Its mining method uses a unique M7M hashing algorithm, along with a particularly designed block rewarding system. As such, mining can only be accomplished using standard CPUs, allowing anybody with modest hardware to participate in the coin generation process while disallowing large mining farms from taking part in mining.

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