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Official Feathercoin logo
|Symbol||FTC, ₣ (unofficially)|
|Date of introduction||16 April 2013|
|Inflation||Limited release (geometric series, rate halves every 2.1 million blocks reaching a final total of 336 million FTCs)|
Feathercoin (FTC or ₣) is an open source cryptocurrency, published under the license of MIT / X11.1, based on the Litecoin protocol. On 16 April 2013 Feathercoin successfully forked from Litecoin by 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, which had premiered on Phoenixcoin. NeoScrypt is 25% more memory intense, which makes it less feasible to create ASICs for it.
The main programmer is Peter Bushnell, at the time running the information technology for the Brasenose College of Oxford University.
One month after launching Feathercoin, Peter Bushnell left his job as head of IT at the Brasenose College of Oxford University and lived off his Litecoin savings.
- Based on the former French currency Franc
- Bradbury, Danny (25 June 2013). "Bitcoin's successors: from Litecoin to Freicoin and onwards". the Guardian. Retrieved 7 February 2018.
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