The dynamics of a new crypto project in early 2017 continues to grow rapidly. Throughout January to February 2017, there may have been up to dozens of new and emerging crypto projects introduced.

Most of the new altcoin project, dominated by using ICO (Initial Coin Offering) system. This dynamic may be regarded as a fairness, with the hope of increasing the success percentage of the new crypto project. The initial sales results, functioned as initial funding for further project development, including how to fund projects, promotions, and so forth.

In addition, a new crypto project that already existed, although using ICO, did not run as smoothly as expected. There are so many things that become the main obstacle. Starting from the concept that is considered less good, lack of innovation, less credible escrow, so the demand is also not so much.

Due to the prevalence of the above, EB then tried to find a new crypto project that tried to offer something else. And finally, Musicoin was discovered. The most interesting is that on the introduction (termed "ANNOUNCEMENT"), it is clearly written about "No Premine, No ICO, No Bounty".

At a glance, it is evident to look more closely at the concept of what to offer in this new crypto project. When the heavy current seems unstoppable crypto with the ICO pattern, of course this kind of thing seems to be a new fresh breeze. Trying to counter the current of crypto capitalization that is mushrooming. Although in the end will also refer also about the economic functions and benefits directly.

If we try to reflect on how Bitcoin travels, we seem to miss those times. How a crypto project starts entirely from ZERO. Up to get a positive appreciation, and created by itself the elements that ultimately create its own ecosystem. Without the need for a leap to speed up the process that should work naturally. With the creation of a deeper ecosystem.

In this case, EB personally appreciated his initiative to try to counter the heavy currents in the new cryptocurrency project. So, how is Musicoin actually? Let's try to look more deeply.

• What is Musicoin?

Musicoin was first introduced on 3 February 2017 in the Bitcointalk forum. Musicoin, became a decentralized system for the distribution mechanism of the music industry, including how a music can be published, until it is consumed by music lovers. Because Musicoin is a cryptocurrency, then of course, using cutting-edge technology in terms of peer-to-peer file sharing.

The main achievement, is how a musician can provide a more accurate, can not be manipulated content license, and also gives them more assurance of the music he has created.

The license, written using a smart contract which is then distributed in a decentralized manner using blockchain. So, automatically, the license to a work, when it has been written in the smart contract, then becomes a mechanism as well as how the royalties are given directly to the music creators. So, the creators of music and artists, acting as the main actors, and at the same time holding full control over their works.

Music lovers, within the Musicoin ecosystem, can access the music catalogs that have been stored on the network. So that these connoisseurs when they access a work of music, automatically also they will pay some money in the form of digital currency to the artist directly. The number of units paid is, of course, appropriate to its use.

• Background as a Solution for Music Industry Problems

The era of digital music, has emerged since the 1980s. Meanwhile, when moved in the year 1990, came Napster. Technology carried by Nepster, many regarded as a technology bullies. Its dominance is strong enough to have implications for the music industry globally. Start how the licensing process for music licensing, distribution, promotion, royalty sharing, how to deal with piracy, and all that.

Technological advances that carried Napster, in the end pretty much affect the music industry that still uses conventional patterns. The many problems surrounding the conventional music industry, further sharpening the transition to digital music. As the era progressively modern, digital music became more and more the easiest choice, to be accessed by music lovers.

The biggest problem is, when it comes to relationships between musicians and music lovers. This has been a major problem facing the music industry for decades. Thus, the choice offered by cryptocurrency, is the most telling option. Expected to be able to solve the problems in the music industry. Especially with regard to musicians and music lovers.

• Not the first

It can not be denied that what Musicoin offered was not the first. Previously there have been so many similar projects, which try to embed blockchain technology, in order to be interacted in the world of music and the music industry globally.

Call it how Imogen Heap, a music artist who has tried first to distribute his work independently using Ethereum. Or how Tatiana Moroz, along with Adam Levine, started working on the TatianaCoin project since March 2014. With TatianaCoin, Tatiana Moroz strives to be able to finance the new album project and its works independently. At the same time, trying to be able to interact with the music lovers directly.

Taniana Moroz realized that Blockchain technology with smart contract, can be used to store many things related to the music industry. As with digital rights, royalty payments are more transparent and direct, and much more.

Likewise also on previous projects, namely AudioCoin, and Aurovine. Both, indeed have a concept that is more or less almost the same as Musicoin. But with confidence, Yummyberries, the initiator of Musicoin, explained that the concept diusungnya quite different. In addition, on such pre-existing projects, it is still not able to touch the music industry players completely.

In Musicoin, this new crypto project seeks to eliminate the associated distortions between achievements that are to be optimized, with the dominance of coin creation by both creators and developers. The hope, so that Musicoin, can be more communally and more global touch. Also included in the choice of projects taken without ICO or Bounty programs, which serve as a jump in acceleration of adoption instantly.

Technically, Musicoin is directly related to a work of music being played. Inside the Musicoin system, it is called Pay per Play (PPP). Musicoin, is a bridge used to consume the work of the music.

PPP (Pay per Play) applies as Musicoin consensus, which allows the consumption and sharing of a work of music. The idea for this, comes from a concept of "sharing" which has become so popular in today's digital age.

The concept of "Sharing" ala Musicoin So with the consensus of the PPP, the music or musician's creators no longer need to worry as they share their work, because the consumption of the work will directly give the creator license, as well as how to automatically pay for the creator, if the music is consumed by the person other

• Specification Musicoin

• Block Average: 15 seconds / block
• Coin per block: 314 MC (Musicoin)
• Network ID: 7762959
• Crypto Symbol: MC (Musicoin)
• Economi: Musiconomy (Without Halving)
• Initial Allocation: 0 (100% direct for Miner)
• Genesis: Feb. 11th, 2017 (No ICO)
• Hash algorithm: ETHash
• Smart contract: Enabled with EVM

• Deficiency

The only thing that might be a negative value is due to the absence of a total supply restriction. In addition, there is no Halving mechanism that is often used as the economic control mechanism of a cryptocurrency.

However, not without reason also why the initiator of Musicoin decided it. Yummyberries assumes that there will be so many copies of the work of musicians that can be created. Likewise also with the level of music consumption by the audience. On the basis of that, why there is no limit total supply to Musicoin.

From an economic point of view, without such limitations, it will surely affect the value of the crypto itself. In fact, with so many coins in circulation, it implies a decline in the value of crypto. Moreover, if there is no Halving mechanism that serves to regulate the supply at certain period of time.

In addition, there is still no market that bridges the economic side of this new crypto project. However, it seems that the founders of Musicoin, regard it as useless. Personally, he even thinks it does not matter even though at the moment, there is still no market that accommodates Musicoin. According to him, let the market itself that ultimately provides an opportunity, based on the facts that exist, about how the concept and adoption of Musicoin later