Review on Feathercoin by Fabrizio Zampieri
Feathercoin is a crypto that was introduced as a substitute for the more…
Feathercoin is a crypto that was introduced as a substitute for the more famous bitcoin. It was launched around 2013 and is still active regardless of its small trading volume. It does not provide much as regards its uniqueness in comparison to bitcoin as well as predecessors based on blockchain and was seen as another copy.
The development team initially had some great plans for some remarkable projects which consisted of physical coin and t-shirt wallets but the ideas were dropped as its popularity reduced.
Feathercoin main features:
- It requires around a minute for blocks to be generated. It takes around one-tenth the time that is required on bitcoin blockchain to confirm transactions.
- Every block gets a reward of 40 coins which is shared among the miners responsible for solving it.
- The peak number of Feathercoin that can be created is 336 million in comparison to 21 million for bitcoin and 84 million for litecoin.
Users are able to generate FTC through the process of mining. Since Feathercoin makes use of NeoScrypt, mining can be done by utilizing processor power from both GPUs or graphics cards as well as CPUs with the former being the most effective. Although users that are more advanced may make the choice of mining by themselves, a majority of them begin by becoming a part of a mining pool for Feathercoin where hashing power is merged with others to provide solutions to blocks quicker and provide rewards accordingly.
Feathercoin has a current supply of 233 141 480 FTC.
FTC is tradable on Upbit, Bittrex, LiteBit eu, BX Thailand, CoinExchange and Bittylicious exchanges.
Pros
- - Feathercoin shares some similarities with litecoin and bitcoin in a variety of ways, but it is distinct in some major aspects (it takes around one-tenth the time that is required on bitcoin blockchain to confirm transactions. 336 million FTC will be generated in comparison to 21 million BTC). - There are Feathercoin wallets available for Linux, Android, Windows and Mac platforms (you can download wallets directly from official website. - Even though Feathercoin is not ranked among the leading 100 altcoins as regards market share, there are still some mining pools which are fairly active consisting of Give Me Coins, The Blocks Factory as well as P2Pool.
Cons
- - It's considered just a Bitcoin's copy but less famous. - Feathercoin ROI -92,39% (the approximate return on investment if purchased at the time of launch). - A mature project that unfortunately has not become as famous as other similar projects. - It has no advanced technical features.
