About FeathercoinWe may be based on the internet but we actually like to think of Feathercoin as a local currency with a global reach. It is fast, global, and secure with near zero payment fees. This means merchants can pass on their savings to their the customers, meaning they are able to enjoy spending less on the things they love. Feathercoin bypasses the old banking system by using peer-to-peer technology. Remember Napster? It’s a global network owned and supported by the people who use it. Payments are borderless and can be processed by anyone with affordable computer hardware using free open source software. This work is called mining and is rewarded with new Feathercoins which are issued by the software in a transparent and predictable way outside of the control of its founders.
Let’s get TechnicalFeathercoin is built on Bitcoin’s open source software. One of Feathercoins’s biggest advantages is the Scrypt based hashing algorithm. This offers a different solution to Bitcoin which uses a SHA-256 based hashing algorithm. Scrypt is the only viable solution for GPU miners as Bitcoin mining is now dominated by professional ASIC mining hardware. ASIC mining hardware is expensive, but outperforms GPU hardware for mining Bitcoin greatly. Scrypt based Feathercoin is safe guarded from the effects of current ASIC mining hardware.
- 200 Coin reward per block
- 336 million coins total
- Default Feathercoin network port is 9336
- Default RPC mining port is 9337
- Block target is 2.5 minutes
- Difficulty changes every 126 blocks with 504 block sampling and .25 damping
- ~9% Maximum difficulty adjust
- Block reward halves every 840,000 blocks