Started in the summer of 2017, Maxcoin ignited with a bang before being calmed down for nearly one year after that. Only in April 2017 MaxCoin showed signs of prosperity that can stretch even further. The developers of the coin imply on relying entirely on the “organic growth” with no financiers involved to pump up the volume and with the biggest emphasis on the role of the community members within the open source decentralized network. There was no ICO and no fundraising and donations.The current circulation exploits more than the half of the maximum supply planned (100 million coins). MaxCoin employs a hybrid system of proof of work with a slightly altered version of the SHA-3 algorithm.