The emergence of Feathercoin. The new cryptocurrency Feathercoin is based on our beloved Litecoin, which is safeguarded from the effects of Bitcoin ASIC mining. It has a block reward of 200 coins and will have a total of 336 million coins. This is 4 times the total amount of Litecoin. It joins the crypto currency family by positioning itself with Litecoin in the same way that Litecoin is aligned with Bitcoin. There are 21 million Bitcoin, 84 milllion Litecoin and 336 million Feathercoin. It does not compete with Bitcoin or Litecoin, it compliments them, as the F(T)C website let us know.
Feathercoin here to stay?
Its seems like the crypto folks embrace Feathercoin, probably because it’s new and at the moment more profitable to mine in comparsion with other crypto currencies. On wednesday the first of May 2013 there were already 5,7 million Feathercoins mined. The price of FTC is already trading higher than PPcoin at the moment. What do you think? Will Feathercoin be the bronze, next to the Litecoin silver and Bitcoin gold? Or is it just another new cryptokid on the block? A hype for a couple of days or weeks or is FTC here to stay? Let us know what you think!