LanaCoin

Overview

LanaCoin (LANA) is a peer-to-peer cryptocurrency launched in 2016. It was created as a decentralized digital currency focusing on fast and low-cost transactions.

Purpose and Utility

The primary stated purpose of LanaCoin is to serve as a medium of exchange. The project appears to be maintaining basic functionality as a payment system, though with limited adoption.

Business Model and Development

LanaCoin operates on its own blockchain using a Proof of Work consensus mechanism. The project maintains basic development activity to keep the network operational, though updates are minimal.

Token Distribution and Governance

LanaCoin had no pre-mine or ICO, suggesting a fair launch. Mining rewards are distributed to miners who secure the network through Proof of Work.

Current Usage

While trading volumes are low, the network continues to process transactions, maintaining its basic utility as a medium of exchange.

Ecosystem and Development Activity

Development activity is minimal but sufficient to maintain basic network operations. The project maintains functional wallets and basic infrastructure.