Feathercoin Price (FTC)

Unlisted

What is Feathercoin about?

Feathercoin (FTC or ₣) is an open-source cryptocurrency, published under the MIT/X11.1 license, based on the Litecoin protocol. It was successfully forked from Litecoin on April 16, 2013, with the creation of its genesis block. As a cryptocurrency, the creation and transfer of coins are based on an open-source cryptographic protocol (the blockchain) and are not managed by any central authority. The hashing algorithm chosen for Feathercoin was NeoScrypt, a Proof-of-Work algorithm that is 25% more memory-intensive, making it less feasible for ASIC mining.

What makes Feathercoin unique?

Feathercoin's use of the NeoScrypt hashing algorithm makes it unique, as it is more memory-intensive and less susceptible to ASIC mining. This allows for easier mining using CPUs and GPUs. The Feathercoin network is designed to be faster and more secure, aiming to be a stable version of Bitcoin. Its rapid adoption and popularity soon after launch established it as a notable contender in the cryptocurrency market.

What's the history of Feathercoin?

Feathercoin was launched on April 16, 2013, by Peter Bushnell, who forked it from Litecoin. Bushnell, the main programmer, aimed to create a faster, more secure, and stable cryptocurrency. After its launch, Feathercoin quickly gained popularity and established itself in a market dominated by Bitcoin and Litecoin. Bushnell left his job as the head of IT at Brasenose College, Oxford University, a month after launching Feathercoin, relying on his Litecoin savings.

What's next for Feathercoin?

Feathercoin continues to evolve as a cryptocurrency, focusing on maintaining its position as a fast, secure, and stable digital currency. With ongoing development and community support, Feathercoin aims to remain a viable option for users seeking an alternative to Bitcoin and Litecoin.

What can Feathercoin be used for?

Feathercoin can be used for various purposes, including mining using CPUs or GPUs, due to its NeoScrypt hashing algorithm. It can be stored in digital wallets available for Android, Linux, macOS, and Windows platforms. Users are advised to download wallets from the official Feathercoin website to ensure safety and authenticity.

What is the current price of Feathercoin?

Feathercoin is trading at ₱0.2230234066027281120000, experiencing a price movement of -18.59% over the last 24 hours. This figure reflects real-time pricing aggregated from global exchanges.

How does today's price compare to historical levels?

The ATH of Feathercoin is ₱75.9768965208360000, while the ATL is ₱0.0250906338657684840000. Comparing the current price to these levels can help investors evaluate long-term potential and previous growth cycles.

What is the overall valuation of FTC today?

The market capitalization sits at ₱64909359.67369152240000, placing the asset at rank #3710 among all cryptocurrencies.

How active is Feathercoin's market participation?

The asset has generated ₱-- in 24-hour trading volume, showing how frequently traders are engaging with FTC.

What is the circulating supply and why does it matter?

With 291043058.0077301 tokens currently circulating, supply dynamics influence scarcity, inflation rates, and long-term valuation trends.

What category does Feathercoin fall under?

Feathercoin is part of the Smart Contract Platform,Proof of Work (PoW) classification, which groups it with other assets sharing similar utility or ecosystem roles.

How does -- impact FTC's value proposition?

Operating on the -- network enables FTC to leverage specific transaction speeds, fees, security models, and smart contract functionalities, contributing to its overall adoption.