A PoW public chain with meme feature. Monacoin is a virtual currency designed for peer-to-peer digital transactions. Dubbed by its creators as ¡°the first Japanese cryptocurrency,¡± the coin has become somewhat of Japan¡¯s national alternative to Bitcoin or Litecoin. Like its predecessors, the coin was created purely to serve as P2P electronic cash, a decentralized digital currency aimed at Japanese citizens. There are a few key differences that set it apart from the coins that came before it.