Feathercoin (FTC): how it works, supply and reviews
In short
- Type
- Own proof-of-work blockchain; an upgraded and customised version of Bitcoin.
- Maximum supply
- 336 million FTC.
- Risks and caveats
- feathercoin.com still links Feathercoin Core 0.19.1 downloads although 0.21.0 is the latest GitHub release.
- Checked
- 1 November 2026
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Key facts
- Ticker
- FTC
- Official site
- feathercoin.com
Key facts checked on 1 November 2026 against official sources.
What is Feathercoin
Feathercoin (FTC) is an open-source proof-of-work cryptocurrency first released in April 2013. It produces a block every minute, is mined with the NeoScrypt algorithm and has a supply of 336 million coins.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Own proof-of-work blockchain; an upgraded and customised version of Bitcoin. |
| Consensus | Proof of work with NeoScrypt, which Feathercoin says can only be mined with graphics cards. |
| Block time | One block every minute. |
| Mining algorithm | NeoScrypt is a memory-intensive key derivation function used as the proof-of-work hash. |
| Difficulty adjustment | Every block, using 15, 120 and 480 block averages with 25% damping. |
| Launched | Initial release post on bitcointalk on 16 April 2013. |
| Smart contracts | OmniFeather asset layer for user tokens on top of the Feathercoin chain. |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 336 million FTC. |
| Issuance | The block reward is now 10 FTC (block 6,417,647 on 1 November 2026, a block with no transaction fees, paid 10 FTC); Feathercoin's About page still lists the original 40 FTC per block, which halves every 2,100,000 blocks. |
| Halving | The block reward halves every 2,100,000 blocks. |
What FTC is used for
- FTC is the native coin of the Feathercoin chain, earned by GPU miners.
- Feathercoin is aimed at small, fast payments with near-zero fees.
Who develops and governs Feathercoin
- Founders
- Peter Bushnell posted the initial release; the site says the founder still develops it with an open-source community.
- Foundation
- Feathercoin Development Foundation, Zug, Switzerland, maintains wallets such as Electrum-FTC.
- Open source
- Feathercoin Core is released under the MIT license.
- Developer
- Electrum-FTC is developed by the Feathercoin Development Foundation.
History
| Date | Event |
|---|---|
| 16 April 2013 | Peter Bushnell posts the initial Feathercoin release on bitcointalk. |
| 28 May 2024 | Electrum-FTC 4.4.6 is released, following upstream Electrum 4.4.6. |
| 30 May 2026 | Feathercoin Core 0.21.0 rebases Feathercoin onto the Bitcoin Core 0.21.1 codebase. |
| 1 November 2026 | The Feathercoin Blockbook explorer shows block 6417647. |
Security and audits
- Feathercoin uses Advanced (Automatic) Checkpointing: a checkpoint 5 blocks deep from the chain tip to protect against 51% attacks.
- Release tags of Feathercoin Core 0.21.0 are signed with the maintainer's verified GPG signature on GitHub.
Security incidents
Incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so none is listed here.
Risks and caveats
- feathercoin.com still links Feathercoin Core 0.19.1 downloads although 0.21.0 is the latest GitHub release.
- The GitHub README calls Feathercoin an experimental digital currency.
- The site describes 51% attacks as a threat that checkpointing is meant to prevent.
Official links
- Website: feathercoin.com
- Source code: github.com/FeatherCoin/Feathercoin
- Block explorer: explorer.feathercoin.com
- Docs: feathercoin.com/about
- Governance forum: forum.feathercoin.com
Questions and answers
What is Feathercoin?
Feathercoin (FTC) is an open-source proof-of-work cryptocurrency first released in April 2013, with one-minute blocks and the GPU-mined NeoScrypt algorithm.
Who created Feathercoin?
Peter Bushnell posted the initial release on bitcointalk on 16 April 2013; the Feathercoin Development Foundation (Zug, Switzerland) maintains wallets.
What is the maximum supply of Feathercoin?
336 million FTC. The About page lists an original 40 FTC block reward that halves every 2,100,000 blocks; a block on 1 November 2026 paid 10 FTC.
Is Feathercoin still active?
Yes: the explorer showed new blocks on 1 November 2026 and Feathercoin Core 0.21.0 was released on 30 May 2026.
Sources
- Feathercoin - official website
- Feathercoin - About
- Feathercoin - API
- Feathercoin Blockbook explorer
- GitHub - Feathercoin releases
- GitHub - Feathercoin repository
- GitHub - NeoScrypt
- GitHub - Electrum-FTC releases
- GitHub - Feathercoin Development Foundation
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