Musicoin started off as a hard fork off the Ethereum blockchain and on May 22, 2017, Musicoin became an official member of the Enterprise Ethereum Alliance (EEA). Musicoin developers continue to work closely with Ethereum developers in integrating technologies that will be beneficial for the Musicoin platform going forward. When we was at SXSW we stoped by the EEA get together for brunch.
Track by Regata Collective, listen here for free and artists still get the highest payments in the industry: https://bit.ly/2vKQ7iI
Musicoin is a digital currency that designed to support the creation, publication, and consumption of music as a cycle. The system uses a special algorithm to generate a currency called Musicoin (MC), as well as another algorithm to support automated contracts (“smart contracts”) which enable creators and consumers to exchange value in a frictionless environment. With a unique currency and a solid contract system, large scale transactions around music becomes possible. Universal Basic Income (UBI) has made it possible for listeners to listen for free and musicians to upload and share their music for free as its paid by Musicoin (MC) miners. Each play for your music is rewarded with one Musicoin, this can be exchanged for fiat money.