Fastcoin is the World’s fastest established cryptocurrency with 12 second blocktimes and the deepest blockchain of all known cryptocurrencies.
Fastcoin (Ticker: $FST ) is in it’s 5th year of continuous operation having been launched on May 29th 2013.
Fastcoin is based on scrypt like litecoin and has even faster speeds , with the security and qt wallet from bitcoin and is in effect an improved version of both crypto’s!
Fastcoin is a decentralised peer-to-peer financial technology that operates with no central authority or banks; managing transactions and the issuing of fastcoins is carried out collectively by the network. Fastcoin is open-source; its design is public, nobody owns or controls Fastcoin and is open to everyone. Through many of its unique properties, Fastcoin allows exciting uses that could not be covered by any legacy payment system.
Fastcoin is not just a cryptocurrency, it’s blockchain technology will allow in time, smart contracts, an open ledger to allow total transparency for governments, charities and institutions. This is why there was so much initial resistance by banks and governments to bitcoin, fastcoin and other cryptocurrencies as it will allow full transparency and freedom for the public to view what is pent, to whom, how much is received and what is spent on by governments and charities and the like.
Best of all sending Fastcoins is virtually free. For a tiny network payment collected by miners to allow transactions to go through you can send Fastcoins anywhere in the world to anyone at anytime in an instant. It cannot be charged back, for trusted payments this is the holy grail.
Like Bitcoin, FastCoin has a hard cap limit of total mineable coins. It has the best Altcoin name, brightest future, and is an activity developed and supported coin. FastCoin solves some real world issues, speed for retail, speed for convenience, speed for piece of mind. Less than 12 seconds and you will be confirmed and written into a block.
FST was a fair release crypto in the sense there was no ICO (initial coin offering) , it wasn’t pre-mined by the developers or founders, like so many cryptocurrencies. …Ripple,hundreds of others even Bitcoin to a degree, where Satoshis still owns a million bitcoin!
Fastcoin is still open to all who wish to mine using their computer power or can buy very cheaply on exchanges like LIVECOIN where current prices mean it is often less than 1 cents each! Currently…
– 12 seconds block target
– 4 confirms per transaction. So every transaction will be confirmed in 48 seconds!
– Difficulty retargets every hour. Using accelerated retargets at the beginning
(similar algorithm as that in Luckycoin), as to eliminate instamining.
– 32 coins per block, halves approximately every 12 months or every (2,592,000 blocks)
– Like Bitcoin, depending on network demand, may fluctuate exact timeline of block halving
– Total 165,888,000 coins
– connection port is 9526, RPC-port 9527
Block 1 – 2,592,000: 0 – 32 FastCoin Reward Successfully Completed
Block 2,592,001 – 5,184,000: 0 – 16 FastCoin Reward Successfully Completed
Block 5,184,001 – 7,776,000: 0 – 8 FastCoin Reward Successfully Completed
Block 7,776,001 – 10,368,000: 0 – 4 FastCoin Reward Successfully Completed
Block 10,368,001 – 12,960,000: 0 – 2 FastCoin Reward We are currently here!
Block 12,960,001 – 15,552,000: 0 – 1 FastCoin Reward
Block 15,552,001 – 18,144,000: 0 > 1 FastCoin Reward
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