What Feathercoin offers with links and explanations
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Awesome writeup!
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Quality content, thanks!
Its always lovely to see well structured and useful info! -
@j_scheibel said in What Feathercoin offers with links and explanations:
Current Gen ASIC resistance - Basically this means the NeoScrypt algorithm is designed to use enough resources such that creating a dedicated circuit to just mine feathercoin is not cost effective. For a little more detail at http://forum.feathercoin.com/topic/2156/why-ftc-is-asic-resistent-for-beginners-requesting-feedback
Current Generation ASIC resistance - The NeoScrypt algorithm is designed to use enough resources, in this case memory, such that current ASICs cannot mine Feathercoin. ASICs are a dedicated circuit board to just mine coins. Creating a dedicated circuit board to mine feathercoin would take considerable investment.
For a little more detail at http://forum.feathercoin.com/topic/2156/why-ftc-is-asic-resistent-for-beginners-requesting-feedback -
@j_scheibel said in What Feathercoin offers with links and explanations:
1 minute target block time - This is the average amount of time it takes for transactions happen. Look here for a deeper explanation of block time https://steemit.com/bitcoin/@ghayas/what-does-block-time-mean-in-cryptocurrency
1 minute target block time - This is the average amount of time it takes for a block to be mined and transactions to appear in your wallet.
The software constantly adjusts the mining difficulty to keep this time consistent as mining intensity varies.
Look here for a deeper explanation of block time https://steemit.com/bitcoin/@ghayas/what-does-block-time-mean-in-cryptocurrency -
I’ll just leave this here ;-)
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@j_scheibel said in What Feathercoin offers with links and explanations:
Enhanced Hash Rate Compensation - This is a method of adjusting difficulty for the NeoScrypt algorithm. Difficulty is adjusted based on the speed solutions are sent to the network. The difficulty is figured out (re-targeted) every block with 15, 120 and 480 block averages and 25% damping. Difficulty in general explained at https://en.bitcoin.it/wiki/Difficulty a full write up on the details of eHRC can be found in the feathercoin wallet guide at https://wrapperband.github.io/FeathercoinWalletGuide/#enhanced-hash-rate-compensation-ehrc
enhanced Hash Rate Compensation - This is a method of adjusting the difficulty of the calculation the miners must do to find a block. Difficulty is adjusted based on the speed the blocks are being found on the network and should increase as the hash power of the miners increases. eHRC uses the time it took the last 15, 120 and 480 blocks to calculated (re-targeted) the difficulty after every block. Difficulty in general explained at https://en.bitcoin.it/wiki/Difficulty a full write up on the details of eHRC can be found in the feathercoin wallet guide at https://wrapperband.github.io/FeathercoinWalletGuide/#enhanced-hash-rate-compensation-ehrc
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On a similar theme of specifications.
Feathercoin Ticker : FTC
Feathercoin address start bytes :
Feathercoin Multisignature addres start bytes :
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Some of the functions are version specific.
Stealth address
Multisignature (form)
Paper Walletare only (currently) available in Feathercoin-qt version 0.9.6.2.
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@wrapper I meant to move those to a new section a while ago. I was just waiting for the right time (and then i forgot). I went ahead and did it now.
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What a useful thread. Will definitely read it later.
