Feathercoin (FTC) quick summary

in #cryptocurrency • 7 years ago

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Feathercoin (FTC)
Feathercoin is an open-source digital currency forked from Litecoin in 2013. The project's main innovation is NeoScrypt, a processor-intensive hashing algorithm that makes it difficult to mine coins with specialist hardware, such as ASIC. Another interesting feature of Feathercoin is the implementation of "advanced checkpointing" in its blockchain to guard against the "51% attack", a known vulnerability in the Bitcoin software.
Category: Currency
Initial release: 2013.04.16
All time low: 0.002069 USD
All time high: 1.45 USD
Pros:
-Fast block time (~1 min)
-ASIC resistant
-Dedicated development team and supportive community
-Popular among GPU miners
Cons:
-Relatively high total supply
-Doesn't get much attention compared to its more recognized concurrents even being more advanced in certain technicalities
Similar projects: Bitcoin, Litecoin
Key figure: Peter Bushnell

#crypto #money #coin #feathercoin
7 years ago in #cryptocurrency by
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