On 16 April Feathercoin successfully forked from Litecoin by the creation of bitcoin litecoin namecoin feathercoin block 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 had 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 bitcoin litecoin namecoin feathercoin block 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 bitcoin litecoin namecoin feathercoin block 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 bitcoin litecoin namecoin feathercoin block 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 block 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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