Bitcoin litecoin namecoin feathercoin


On 16 April Feathercoin successfully forked from Litecoin bitcoin litecoin namecoin feathercoin the creation of its genesis block. As a cryptocurrency, creation and transfer of coins is based on an open source cryptographic protocol the blockchain and is not managed by any central authority.

The hashing algorithm chosen for Feathercoin was the Proof-of-Work NeoScrypt [3]which bitcoin litecoin namecoin feathercoin premiered on Phoenixcoin. The main programmer is Peter Bushnellat the time running the information technology for the Brasenose College of Oxford University.

He explained his motivation for developing the coin in an interview with Vitalik Buterin. He left the development of the coin inworking on projects such as HullCoin [7] and returned to the platform in late December with the intention of bringing Feathercoin technically to the same level as Bitcoin Core 0.

On the 21st Marchthe creation of the Feathercoin Development Foundation was announced. Its goal is to foster the development and acceptance of Feathercoin. The first version of Feathercoin was released on 16 April and based on the 0. The initial block reward was set at blocks and not a single bitcoin litecoin namecoin feathercoin was pre-mined. With its halving rate every 2.

Approximately 16 times more than Bitcoin and 4 times more than Litecoin. Average block time is about 60 seconds, which, compared to Litecoin 2. On 9 Aprilat precisely This promoted Feathercoin to one of the very few cryptocurrencies having this feature along with others like LitecoinBitcoinDigibyte and Vertcoin.

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Bitcoin will end up having a total supply of 21 million coins and litecoin will have 84 million coins. Litecoin uses the Scrypt algoritm for hashing which is more memory intensive as opposed to Bitcoins SHA algoritm.

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Here are the facts Litecoin bitcoin litecoin namecoin feathercoin the fifth-largest crypto coin by market cap. L Current block height: Scrypt ASIC miners available: Supported coins Bitcoin Litecoin Dogecoin. DK Contact info Support: Never miss a thing Get fresh crypto coin news, discounts and service updates before others. Subscribe By signing up you accept to receive e-mails from evonax.