Fastcoin
Fastcoin (code: FST) is a cryptocurrency and open source software Inspired by and technically nearly identical to Litecoin (LTC),
Fastcoin is intended by its developers to improve upon Bitcoin and offers several key differences.
Each Fastcoin is subdivided into 165,888,000 smaller units, defined by eight decimal places.
Differences from Bitcoin
Fastcoin offers several key differences from Bitcoin, which its developers hope will make it better than Bitcoin and ideally suited for mobile and micro-payment transactions.
*The network difficulty adjusts according to hashing power available, as the aim is for a block to be mined every 12 seconds.
Addresses
Payments in the Fastcoin network are made to addresses, which are based on digital signatures. They are strings of 33 numbers and letters which always begin with the letter f,
for example,
*frJJEkmRS4jtNLqyw6ovxh2STWbW4KE4mJ.
Confirmations
Transactions are recorded in the Fastcoin blockchain (a ledger held by most clients), a new block is added to the blockchain roughly every 12 seconds (whenever a small enough hash value is found for the proof-of-work scheme), a transaction is usually considered complete after 4 blocks, or 48 seconds.
Because of Fastcoins transaction speeds, it is well suited for mobile and micro-payment transactions.
History
Introduction
Fastcoin was released via an open-source client on GitHub on May 29th, 2013. It was not pre-mined and had what is known in the crypto community a "fair release". It was a fork of the Litecoin-Qt client, differing from it only in having a modified block generation time, different hashing algorithm, and slightly modified GUI. The current version of this client (as of 11 October 2013) is v0.6.3.0
Media Mentions
More recently Fastcoin has been covered in the news as a Bitcoin alternative and currently the fastest complete transacting crypto currency in the world.
Fastcoin Project
Mission
The Fastcoin Project was established on Canada Day July 1st, 2013 with the purpose of providing a voice from the community to the developers and stewards of Fastcoin. It was also created to function as a platform to help communicate news and information about the coin.
Software Development
Fastcoin wallets are currently offered on 4 platforms,
*1.) Windows
*2.) Macintosh
*3.) Linux, and
*4.) Android with a
*5th) iPhone version in the works.
The Fastcoin Developers have a new release 0.6.3.1 in the works which include graphical updates to the Fastcoin wallet.
Fastcoin is intended by its developers to improve upon Bitcoin and offers several key differences.
Each Fastcoin is subdivided into 165,888,000 smaller units, defined by eight decimal places.
Differences from Bitcoin
Fastcoin offers several key differences from Bitcoin, which its developers hope will make it better than Bitcoin and ideally suited for mobile and micro-payment transactions.
*The network difficulty adjusts according to hashing power available, as the aim is for a block to be mined every 12 seconds.
Addresses
Payments in the Fastcoin network are made to addresses, which are based on digital signatures. They are strings of 33 numbers and letters which always begin with the letter f,
for example,
*frJJEkmRS4jtNLqyw6ovxh2STWbW4KE4mJ.
Confirmations
Transactions are recorded in the Fastcoin blockchain (a ledger held by most clients), a new block is added to the blockchain roughly every 12 seconds (whenever a small enough hash value is found for the proof-of-work scheme), a transaction is usually considered complete after 4 blocks, or 48 seconds.
Because of Fastcoins transaction speeds, it is well suited for mobile and micro-payment transactions.
History
Introduction
Fastcoin was released via an open-source client on GitHub on May 29th, 2013. It was not pre-mined and had what is known in the crypto community a "fair release". It was a fork of the Litecoin-Qt client, differing from it only in having a modified block generation time, different hashing algorithm, and slightly modified GUI. The current version of this client (as of 11 October 2013) is v0.6.3.0
Media Mentions
More recently Fastcoin has been covered in the news as a Bitcoin alternative and currently the fastest complete transacting crypto currency in the world.
Fastcoin Project
Mission
The Fastcoin Project was established on Canada Day July 1st, 2013 with the purpose of providing a voice from the community to the developers and stewards of Fastcoin. It was also created to function as a platform to help communicate news and information about the coin.
Software Development
Fastcoin wallets are currently offered on 4 platforms,
*1.) Windows
*2.) Macintosh
*3.) Linux, and
*4.) Android with a
*5th) iPhone version in the works.
The Fastcoin Developers have a new release 0.6.3.1 in the works which include graphical updates to the Fastcoin wallet.
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