Feathercoin is a widely used cryptocurrency that was released as an alternative to BTC. The FTC is a fairly substantial Coin. It was created in 2013. In this article, as Koindeks.com, “What is Feathercoin?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Feathercoin? What does the FTC do?
The FTC didn’t offer much in terms of its uniqueness when compared to the Litecoin fork, BTC and its other Blockchain-based predecessors. It is quickly recognized as another clone in the open source alt-codes markets.
In contrast, Feathercoin has been and still is being traded by major exchanges in the digital currency markets. The development team behind Feathercoin has big plans for many different projects, especially in the beginning, including t-shirt wallets and laser etched physical coins.
What are the general features of the project?
- It takes about 1 minute to create a block. As in BTC Blockchain, it approves processes up to one tenth of the time.
- Each block reward is 40 coins distributed amid the miners who solve the block.
- The maximum number of FTCs that can be produced is 336 million. This number corresponds to 84 million for LTC and 21 million for BTC.
What makes the project different?
The FTC uses the hashing NeoScrypt algorithm to decrypt cryptographically protected blocks. This algorithm is not as complex as the SHA-256 algorithm used with BTC. However, there are many processor densities available. This algorithm is unique to the FTC at one point. However, later on, it started to be used by other altcoins that wanted to take advantage of its benefits.
How is Feathercoin mining done?
Since the FTC uses the NeoScrypt algorithm, it can be mined with the graphics processor and regular processors. But mining Feathercoin with CPU is more efficient. You can simply mine Feathercoin with your own existing hardware, NeoScrypt, or mining equipment specially set up for hashing with peer algorithms.
What is Feathercoin? How to buy FTC?
If you don’t want to do FTC mining, you can trade and trade FTC. At the same time, you can convert to fiat currency, including US dollars, on more than one exchange.
The largest exchanges that can be traded with Feathercoin; Bittrex is Cryptopia, Finexbox, Crex24.