1. Introduction
Feather Coin, English name FeatherCoin, referred to as FTC, is an electronic currency developed on the basis of LTC. The name of the feather coin is very elegant, and it also has a good historical connotation. Feather Coin FTC is a relatively young electronic currency. It was born on April 16, 2013. It was developed on the basis of LTC. Like LTC, FTC uses the scrypt algorithm to generate a block every 2.5 minutes. Each block contains 200 FTC, and the FTC output in the block will be halved every 4 years, and the total currency is 336 million, which is 4 times that of LTC.
On the island of Santa Cruz in Papua New Guinea, the most favored currencies are not the US dollar and the British pound, nor the Australian dollar and the kina (Papua New Guinea's currency), but the local residents use the island The beautiful bird that grows on it, the "feather currency" made from the feathers of the rust-eyed bird. Because a "feather currency" takes about 300 rust-eyed feathers to make, the "feather currency" is regarded as a local treasure. On the island, the US dollar, British pound, Australian dollar, etc. fluctuate frequently, but the price of "feather currency" is extremely stable. Therefore, people often show off their wealth by how much they keep this "feather currency". Hence the name of the Feather Coin FTC.
2. Project introduction
The Feathercoin ecosystem consists of various applications ranging from infrastructure software (Feathercoin core node, Libbitcoin server, fx, ElectrumX server, feathercore) to desktop wallets (Electrum), mobile wallets (Edge, Coinomi) and merchant software (accepts Feathercoin as payment).
NeoScrypt is a proof-of-work mining algorithm for Feathercoin and can only be mined with a graphics card. This makes it possible to mine Feathercoin for enthusiasts around the world, making Feathercoin more user-friendly and secure.
Project Features
Low Payment Fees
Payments are fast and global with almost zero payment fees. As a result, merchants don't have to pass the cost of their business on to their customers, which means they can enjoy spending less on the things they love.
Quick Settlement
Transactions with Feathercoin are instant, but additionally, because Feathercoin miners create a block every minute, transaction settlement also takes only one minute. Combined with automatic checkpoints, maximum security is achieved in just 5 minutes (5 blocks).
In-Store Payments
With low fees and fast settlement, Feathercoin is ideal for in-store payments.
Automatic Checkpointing
Automatic Checkpointing (ACP) is used to prevent 51% attacks. ACP creates a new checkpoint every 5 blocks, protecting the history of the Feathercoin blockchain.
3. Comments
Feathercoin is a powerful open-source digital currency with monetary properties similar to Bitcoin, but very different behind the scenes.
Feathercoin is an upgraded and customized version of Bitcoin. Feathercoin was born to scale, experiment and build on blockchain technology in a way that is open to everyone. The block hash uses the excellent NeoScrypt, an updated version of Scrypt that uses modern, faster elements, see whitepaper below. Feathercoin is also ten times faster than Bitcoin with 60 seconds, making it many times more capable of transactions. Difficulty adjusting eHRC (Enhanced Hash Rate Compensation) to ensure blocks come in 60 seconds on average is also a unique solution originally developed by Feathercoin and is now used by several popular coins. Automatic checkpoints are used to protect the chain's history and prevent 51% attacks from reversing transactions.
