Presentation and definition of the crypto-currency Feathercoin (FTC)
- Name of the crypto-currency : Feathercoin
- Acronym : FTC
- Where to buy Feathercoin ? Binance
- Date of creation : April 2013
- No white paper
- Web Site of Feathercoin
The system Feathercoin
Feathercoin is a currency of cryptographic that allows to perform secure transactions in a decentralized manner, created by Peter Bushnell. It is a payment system for peer-to-peer, without any intervention of a centralized organization. Feathercoin thus allows a payment fast, secure and at a lower cost.
What are the differences with Litecoin and Bitcoin ?
Feathercoin is similar in many aspects to Litecoin and Bitcoin. For a long time, it has also been considered as the clone of Litecoin. Yet, Feathercoin differentiates itself on several levels. It only takes a minute to generate a block on Feathercoin, which is ten times less time than Bitcoin. The reward for mining a block is 40 tokens, divided among the minors. Then, we can note a significant difference between the maximum amount of tokens issued. In effect, the emission limit of Feathercoin has been set to 336 million units, while for Bitcoin, the maximum amount is 21 million in chips and $ 84 million for Litecoin.
The algorithm Feathercoin
While Bitcoin uses the hash algorithm SHA-256, Feathercoin, just like Litecoin, it is based on the NeoScrypt. This algorithm requires a memory much more important and leaves the minor CPU and GPU more of a chance to retrieve the money.