Feathercoin $FTC

Feathercoin, represented by the symbols FTC or ₣, is an open-source cryptocurrency. It exists under the MIT / X11.1 license, built on the Litecoin protocol. Established on April 16, 2013, through a successful fork from Litecoin, Feathercoin operates as a cryptocurrency where coin creation and transfer rely solely on an open-source cryptographic protocol, also known as the blockchain. This project operates independently of any central authority. The Proof-of-Work NeoScrypt hashing algorithm drives Feathercoin, initially introduced by Phoenixcoin. This algorithm requires 25% more memory making ASIC creation less likely.

Genesis and Development

Peter Bushnell, the main programmer of Feathercoin, was the former head of IT at Brasenose College, Oxford University. After launching Feathercoin, Bushnell left his job to dedicate his time to the coin and lived off his Litecoin savings. Feathercoin was conceived with the intent to improve upon Litecoin's design by offering quicker transactions, robust security, and superior stability than Bitcoin.

Consensus Mechanism

The Feathercoin network relies on the Proof of Work (PoW) concept for its consensus mechanism. Through the use of the NeoScrypt hashing algorithm, it streamlines the mining process for Feathercoin. Following its launch, Feathercoin saw swift adoption by users, gaining popularity rapidly and staking its claim in a market largely dominated by Bitcoin and Litecoin.

Mining Feathercoin

Individuals can mine Feathercoin using either processors (CPUs) or graphics cards (GPUs). The design of FTC's hashing algorithm makes it incompatible for mining with an ASIC card. Official mining software is available for download on their official site. Users can find wallets for FTC on the official website, offering both desktop and mobile wallet options.

Digital Wallets for Feathercoin

As a cryptocurrency, Feathercoin must be stored in a digital wallet. The safest way to download the latest Feathercoin wallets is from the coin's official homepage. Wallet options are available for Android, Linux, macOS, and Windows platforms.