|Original author(s)||Payu Harris, AnonymousPirate|
|Initial release||7 February 2014|
|Project fork of||Zetacoin, Bitcoin|
|Operating system||Windows, OS X, Linux|
|Source model||Open source|
|Block reward||250 MAZA (as of September, 3 2021), (halved every 950,000 blocks)|
|Block time||1 minute|
This article needs to be updated.(May 2022)
Recognition and use
The currency was adopted by the Lakota Nation in 2014, with half of its supply reserved by the tribe to minimize the price volatility common in cryptocurrencies.
The Lakota leadership formally recognized MazaCoin as their national currency, yet this decision encountered skepticism within the community. The concept of digital currencies, heavily reliant on technology such as apps and smartphones, was less accessible to older generations and those without consistent internet access. To counteract this, a system of paper wallets was developed, allowing MazaCoin to be stored and used in a more traditional, physical format. This system allowed tribal members to use MazaCoin in physical form for transactions within the community, converting it back to digital format at the centralized facility.
- Vigna, Paul (March 7, 2014). "Lakota Indian Promotes New Digital Currency, Mazacoin" – via www.wsj.com.
- "He created an indigenous digital currency. The dream is still alive". MIT Technology Review. Retrieved 2023-11-26.
- Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". theverge.com. Archived from the original on March 5, 2014. Retrieved September 4, 2017.
- Consuji, Bianca; Engel, Evan (18 September 2014). "No Country for Cryptocurrency This man thinks "Bitcoin for Native Americans" can solve tribal poverty. So why won't anyone give him a chance?". Mashable. Retrieved 13 April 2016.
- Landry, Alysa. "9 Questions Surrounding MazaCoin, the Lakota CryptoCurrency: Answered". Indian Country Today. Indian Country Today. Archived from the original on 9 October 2016. Retrieved 13 April 2016.
- Petronzio, Matt (9 October 2017). "Why Square commissioned this stunning short film about Native American youth". Mashable. Archived from the original on 2017-10-09. Retrieved 2019-01-06.
- Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". The Verge.
- Indigenous cryptocurrency: Affective capitalism and rhetorics of sovereignty in First Monday (3 October 2016, Volume 21, Number 10) by Cindy Tekobbe and John Carter McKnight
- Decolonization in a Digital Age: Cryptocurrencies and Indigenous Self-Determination in Canada in Canadian Journal of Law and Society (1 April 2017, Volume 32, Issue 1, pp. 19-35) by Christopher Alcantara and Caroline Dick