Feather Coin, the English name FeatherCoin, referred to as FTC, is an electronic currency developed on the basis of LTC. The name Feather Coin is very elegant and has a good historical connotation. Feather coin FTC is a relatively young electronic currency. It was born on April 16, 2013 and was developed on the basis of LTC. Like LTC, FTC uses the scrypt algorithm to generate a block every 2.5 minutes. Each block contains 200 FTC, and the FTC output in the block will be halved every 4 years. The total amount of currency is 336 million, which is 4 times that of LTC.

On the island of Santa Cruz in Papua New Guinea, the most favored currency is not the US dollar and British pound, nor the Australian dollar and kina (the currency of Papua New Guinea), but the local residents use the beautiful flowers grown on the island Birdie - A "feather currency" made from the feathers of rust-eyed birds. Because a "feather currency" can only be made from the feathers of about 300 rust-eyed birds, "feather currency" is regarded as a treasure by the locals. On the island, the U.S. dollar, British pound, Australian dollar, etc. fluctuate frequently, but the price of "feather currency" is extremely stable. Therefore, people often show off their wealth by keeping this "feather currency". Hence the name Feathercoin FTC.

1. Project introduction

The Feathercoin ecosystem consists of various applications ranging from infrastructure software (Feathercoin core nodes, Libbitcoin server, fx, ElectrumX server, feathercore) to desktop wallets (Electrum), mobile wallets (Edge, Coinomi) and merchant software ( Feathercoin is accepted as payment).

NeoScrypt is Feathercoin's proof-of-work mining algorithm and can only be mined with graphics cards. This makes it possible to mine Feathercoin for enthusiasts all over the world, making Feathercoin more user-friendly and secure.

Project Features

Low Payment Fees
Payments are fast and global with virtually zero payment fees. As a result, merchants don't have to pass on the cost of doing business to customers, which means they can enjoy spending less on the things they love.

Fast Settlement
Transactions with Feathercoin are instant, but in addition, since Feathercoin miners create a block every minute, transaction settlement also takes only one minute. Combined with automated checkpoints, it only takes 5 minutes (5 blocks) to reach maximum security.

In-Store Payments
With low fees and fast settlements, Feathercoin is perfect for in-store payments.

Automatic Checkpointing
Automatic Checkpointing (ACP) is used to prevent 51% attacks. The ACP creates a new checkpoint every 5 blocks, protecting the history of the Feathercoin blockchain.

2. Comment

Feathercoin is a powerful open-source digital currency with monetary properties similar to Bitcoin, but very different behind the scenes.

Feathercoin is an upgraded and customized version of Bitcoin. Feathercoin was born to scale, experiment and build onto blockchain technology in a way that is open to all. Block hashing uses the excellent NeoScrypt, an updated version of Scrypt that uses modern faster elements, see white paper below. Feathercoin is also ten times faster than Bitcoin which has 60 seconds, making it many times more transactional. Difficulty adjustment eHRC (Enhanced Hash Rate Compensation) to ensure blocks come in 60 seconds on average is also a unique solution originally developed by Feathercoin and now used by several popular coins. Automatic checkpoints are used to secure the history of the chain and prevent 51% attacks from reversing transactions.

Related links:

https://feathercoin.com/

https://bitcointalk.org/index.php?topic=178286.0