Review on Feathercoin by Ogulnar Annamuhammedova
Feathercoin: Feathercoin (FTC) - cryptocurrency review
Feathercoin is a cryptocurrency that is an alternative version of electronic payment systems.
For the first time on the market, a cryptocurrency called Feathercoin appeared in April 2013, it began to be sold in May of the same year. Who exactly is the developer and author of this platform is not known for certain. But if you analyze this cryptographic currency, it becomes clear that its creators were guided during development not only by the well-known benchmark - Bitcoin, but also its equally popular fork - Litecoin.
Since many elements were borrowed by the Feathercoin developers from Litecoin, there are quite a few similarities between the two cryptographic currencies. However, the goal of the creators of Feathercoin - the modernization of two popular cryptocurrencies, should not be forgotten either.
The creators of the new fork of Beecoin and Litecoin have upgraded the algorithm. So, Bitcoin operates on the basis of SHA-256. The new Feathercoin algorithm extends the functionality of SHA-256, thereby enabling faster memory interaction. A pleasant result is a very fast emission of cryptographic currency: one block is formed in two and a half minutes.
Like many other digital currencies, FTC coins rotate in a decentralized system. The independence of the platform and the cryptocurrency is ensured thanks to the equality among users. Due to this, the Feathercoin rate depends only on the ratio of supply and demand, other factors, such as changes in the macroeconomic plan, do not concern it.
The first difference is the number of coins. If Bitcoin has a maximum possible turnover of 21 million, and Litecoin has 84 million, then there are 336 million coins in the Feathercoin system. All coins have not been released yet, so the cryptocurrency has quite a lot of potential. Slow emission is the second key difference. Due to the low popularity of cryptocurrency, a small number of coins are issued, so it is easier to create a new block. So, the stock of coins of popular cryptocurrencies has long exceeded half, but Fesercoins have been issued less than 40%.
- Since the goal of the developers is to improve the system, the Feathercoin platform has a couple of key differences that gave it the opportunity to stay in the market due to its attractiveness for investors.
- The system itself is quite good and it has something to stand out from the competition.
- Since there is little demand for the FTC, on average its price is kept within 10 cents. The platform is mostly used by miners, who are still hoping for a revival of the system. It is also worth noting that very few people trade this cryptocurrency.
- Popularity is not too high
