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Board Announcements (Altcoins)
Updated "What Feathercoin offers with links and explanation"
by
duff_lesterny
on 17/03/2021, 07:49:56 UTC
Since NFTs are now in the latest omnifeather release (active on block 3,624,000 around the 12th of april), an update of the Feathercoin deatils has been published here https://forum.feathercoin.com/topic/9390/what-feathercoin-offers-with-links-and-explanations

See a recap here below:

Feathercoin Under the Hood (how it operates)

NeoScrypt Algorithm - This is the algorithm used in solving a block (aka mining) and is then instrumental in moving from one set of currency transactions in the block chain to the next. A white paper is available at http://phoenixcoin.org/archive/neoscrypt_v1.pdf - and the implementation is at https://github.com/ghostlander/NeoScrypt

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

Advanced Checkpointing - This is a method used to prevent network attacks on the currency. Details are provided at http://forum.feathercoin.com/topic/2709/advanced-checkpointing-released there is also more information in the feathercoin wallet guide https://wrapperband.github.io/FeathercoinWalletGuide/#advanced-checkpointing-acp

336,000,000 Total Coins
- Eventually there will be 336 million coins in circulation. This will be pretty close to done around the year 2121 (see schedule below)

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

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 be solved and calculates (re-targets) the difficulty after every block using that data. Difficulty in general is 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

40 coins per block (currently) - Each feathercoin block that is mined pays the miner 40 feathercoins. Every 4 years the amount paid is cut in half. (see schedule below) details at http://forum.feathercoin.com/topic/6847/block-reward-adjustment

Block halving every 2,100,000 blocks - As more and more of the feathercoin currency gets in circulation the payout of the solving a block (ie mining) is decreased. 21 million blocks is a few days short of 4 years. The intent is that miners get paid for the work in both transaction fees and from the network putting currency in circulation. As time progresses and the distribution of the source currency dries up the transaction fees become the main source of income for miners. Details on the concept can be found here https://academy.binance.com/en/glossary/halving

OmniLayer functionality - OmniFeather has been released https://github.com/OmniLayer/omnicore/releases which adds OmniLayer functionality to the Feathercoin blockchain. This allows for the creation of additional assets on the Feathercoin blockchain other than the native feathercoin. Assets can be either managed or have a fixed supply, can be introduced via crowdsale and exchanged via a decentralised exchange built into the OmniFeather protocol.

Default Feathercoin network port is 9336 - The whole Feathecoin cryptocurrency network for sending coins around and exchanging blocks runs on this port. You can retrieve the peer to peer information on various sites like this one https://www.coinexchange.io/network/peers/FTC

Default RPC mining port is 9337 - This is the port that is used by mining software to communicate via Remote procedure call (rpc) to a server when doing mining. Checkout the solo mining thread for an example of its use http://forum.feathercoin.com/topic/9058/guide-solo-mining-for-feathercoin-and-neoscrypt


What features are available


Comments - Comments can be added to transactions. The technical details for reading them are available here http://forum.feathercoin.com/topic/8640/faq-how-to-read-comments-from-the-feathercoin-blockchain further information about comments can be found here in the feathercoin wallet guide https://wrapperband.github.io/FeathercoinWalletGuide/#comments-in-the-feathercoin-blockchain

Coin control - The coin control feature allows you to control how you spend the coins in your wallet when sending a transaction. You can choose what addresses will be the ones sending the coins and which of the coins you have received will be used. The wallet interface details for this can be found here https://wrapperband.github.io/FeathercoinWalletGuide/#options-menu---wallet-tab

Setting up a wallet

download the software - To use feathercoin you just need software to handle receiving coins to a generated address (created by the wallet) . The same software allows you then send the coins to another address. Links are on the main page of the site at https://www.feathercoin.com/ or from github at https://github.com/FeatherCoin/Feathercoin/releases/
Setting up a server to do e-commerce and feathercoin block chain actions

Feathercoin rest API
- the feathercoin.com site has rest APIs available for full documentation see https://www.feathercoin.com/feathercoin-api/

Payment Gateway Software from gourl.io - Their site has a number of live samples and code examples on how to do commerce with their payment gateway software. Many currencies including feathercoin are supported. They have code in php and .net available (they even have a nuget package). Their site is at https://gourl.io/ and a 3rd party forum discussing them can be found at https://bitcointalk.org/index.php?topic=1043437.0

Implementing your own - If you are going to start from scratch the best place to get example code for technical reference is from the feathercoin wallet software. The code is in C++ https://github.com/FeatherCoin/Feathercoin . You can ask for further assistance in the technical development forum area https://forum.feathercoin.com/category/71/technical-development

OmniFeather


What is the Omni Layer - The Omni Layer is a communications protocol that uses the Feathercoin block chain to enable Smart Properties (tokens) and a Decentralized Exchange. A common analogy that is used to describe the relation of the Omni Layer to Feathercoin is that of HTTP to TCP/IP: HTTP, like the Omni Layer, is the application layer to the more fundamental transport and internet layer of TCP/IP, like Feathercoin.

What is OmniFeather - OmniFeather is a fast, portable Omni Layer implementation that is based off the Feathercoin codebase. This implementation requires no external dependencies extraneous to Feathercoin, and is native to the Feathercoin network just like other Feathercoin nodes. It currently supports a wallet mode and is seamlessly available on three platforms: Windows, Linux and MacOS. Omni Layer extensions are exposed via the JSON-RPC interface. Development has been consolidated on the OmniFeather product, and it is the reference client for the Omni Layer.

Compatibility with Feathercoin - OmniFeather is based on Feathercoin 0.18.4 and can be used as replacement for Feathercoin. Switching between Omni Core and Feathercoin may be supported. However, it is not advised to upgrade or downgrade to versions other than Feathercoin 0.18.4. When switching to OmniFeather , it may be necessary to reprocess Omni Layer transactions.

NFTs in OmniFeather - NFTs are non-fungible tokens. They act as a non-duplicable digital certificate of ownership for any assigned digital asset. Once the code is written, it is then minted, or permanently published, into a token on a blockchain. Once the NFT is purchased, the owner has the digital rights to resell, distribute or license the digital asset as they please. see https://digiday.com/media/wtf-is-an-nft/ for more info

NFT - Availability - Non-Fungible Tokens are not active on mainnet until block 3,624,000, this is roughly four weeks ahead of launch and should be sometime around 12 April. This feature is already live on testnet and can be tested there in preparation for mainnet launch.

Omnifeather on github - The project is located at https://github.com/OmniLayer/omnifeather

Download the software - The releases are available for download at https://github.com/OmniLayer/omnifeather/releases


Additional Resources


OmniFeather Support - If you have any questions or problems with OmniFeather please raise a GitHub issue, send an email or post questions on Telegram linked below.

GitHub - https://github.com/FeatherCoin/Feathercoin/issuesTelegram - https://t.me/FeathercoinOfficialEmail - admin@feathercoin.com

Telegram - https://t.me/FeathercoinOfficial in recent years the telegram group chat has been the go to place to talk to others active in the feathercoin community.

Discord - https://discord.com/channels/375269855160565762/382242792518451201

Reddit - https://www.reddit.com/r/FeatherCOin/ A subreddit to talk about everything Feathercoin related

Twitter - https://twitter.com/Feathercoin

Bitcointalk.org’s thread on feathercoin - This is a 3rd party site dedicated to crypto currency. this is the feathercoin thread in their forums https://bitcointalk.org/index.php?topic=178286.0

Block Explorer: - https://fsight.chain.tips/

API - https://www.feathercoin.com/feathercoin-api/

Mining Statistics - https://www.feathercoin.com/netstats/

Mining Calculator (CoinWarz) - https://www.coinwarz.com/calculators/feathercoin-mining-calculator

Newsletter Archive -https://www.feathercoin.com/category/newsletter/

FAQ - http://forum.feathercoin.com/topic/8523/faq-new-forum-member-most-asked-questions-try-here-first
Feathercoin wallet guide - https://wrapperband.github.io/FeathercoinWalletGuide


Halving Schedule


Halving Date - Block Count - Coins Mined - New Block Payout

2017-07-10 - 1793040 - 168000000 - 40

2021-11-03 - 3893040 - 252000000 - 20

2026-02-27 - 5993040 - 294000000 - 10

2030-06-24 - 8093040 - 315000000 - 5

2034-10-18 - 10193040 - 325500000 - 2.5

2039-02-12 - 12293040 - 330750016 - 1.25

2043-06-08 - 14393040 - 333375008 - 0.625

2047-10-02 - 16493040 - 334687520 - 0.3125

2052-01-27 - 18593040 - 335343776 - 0.15625

2056-05-22 - 20693040 - 335671904 - 0.078125

2060-09-16 - 22793040 - 335835968 - 0.0390625

2065-01-10 - 24893040 - 335917984 - 0.01953125

2069-05-07 - 26993040 - 335959008 - 0.009765625

2073-08-31 - 29093040 - 335979520 - 0.004882813

2077-12-25 - 31193040 - 335989760 - 0.002441406

2082-04-21 - 33293040 - 335994880 - 0.001220703

2086-08-15 - 35393040 - 335997440 - 0.0006103516

2090-12-10 - 37493040 - 335998720 - 0.0003051758

2095-04-05 - 39593040 - 335999360 - 0.0001525879

Halving dates are a best guess and will need to be recalculated from time to time as the block times vary slightly. They are targeted at 1 minute per block but the average tends to run a few seconds more over time. It is possible for this to go lower than 1 minute as well as chance plays a factor.

These dates were calculate on feb 9th 2021 using 64.9 seconds per block which was a the block time average from that date back to the previous halving date. Ideally you would just look at block counts. the July 2017 block was 1793040 and every 2100000 after that it will be cut in half.


Legacy features


These are only available in Feathercoin-qt version 0.9.6.2.

Paper Wallet - A paper wallet is a document that contains copies of the public and private keys that make up a wallet. Often it will have QR codes, so that you can quickly scan them and add the keys into a software wallet to make a transaction. The feathercoin wallet provides an interface for you to get hold of the necessary keys to create one details are here https://wrapperband.github.io/FeathercoinWalletGuide/#paper-wallet-menu as well as here http://forum.feathercoin.com/topic/8650/faq-how-can-i-generate-a-feathercoin-paper-wallet-online an online tool for creating the actual paper wallet can be found here https://walletgenerator.net/?currency=Feathercoin

Stealth Addresses - Stealth Addresses are used to keep wallet to wallet transfers hidden from others despite being in a publicly available block chain. Details are available here http://forum.feathercoin.com/topic/8609/faq-feathercoin-wallet-advanced-feature-stealth-addresses the feature can be found here in the feathercoin wallet guide https://wrapperband.github.io/FeathercoinWalletGuide/#stealth-addresses

Multi Signature Address - A multi-sig address is a special kind of public key address. it has more than one private key. This means that you can create an address which no individual person can spend money from, but which instead requires every signer to agree before a payment can be made. details on using it can be found here http://forum.feathercoin.com/topic/7870/guide-how-to-use-feathercoins-multi-signature-address-page the feature can be found here in the feathercoin wallet guide https://wrapperband.github.io/FeathercoinWalletGuide/#multisig-button
Post
Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC]
by
duff_lesterny
on 18/01/2021, 12:32:20 UTC
Coin market cap - Circulating Supply is wrong?

coingecko and explorer showing - 235,782,198. But coinmarketcap shows wrong info?

Yes correct. CMC is wrong. Just ask them to correct according to https://chainz.cryptoid.info/ftc/api.dws?q=circulating
Post
Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC]
by
duff_lesterny
on 02/06/2020, 06:19:45 UTC
Thank you very much for the setup. Happy mining to all.
Post
Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC]
by
duff_lesterny
on 01/06/2020, 10:16:05 UTC
Most of the communication is on Telegram whereby admin and devs are connected. https://t.me/FeathercoinOfficial

Regarding the mining. This is true that we have a very big miner on 90% of FTC for more than 2 years now.
On one side it is against the decentralization indeed; but on the other side it protect the network against "nicehash" miner which are just looking at mining to sell and exchange against Bitcoin which is killing some crypto-currencies along the ways. This profitable mining has nothing to do with the crypto-currency core values either.

The network on his own is protected against 51% attack.
Only a big reversal on price would bring much more attention and miners to Feathercoin.

We have some development on-going and integration with other open-source framework.
We are here to stay. After 7 years and 83+% of coins mined we are not so bad after all.
Post
Topic
Board Altcoin Discussion
Re: The SECRET MINDSET to expend the entire CRYPTO WORLD
by
duff_lesterny
on 23/05/2020, 15:37:38 UTC
Thank you all for your feedback. Fell free to look at the new article on www.feathercointomars.com.
There is almost one article per day.
Today is "To Hold or not to hold" https://feathercointomars.com/2020/05/23/day-019-to-hold-or-not-to-hold/
Post
Topic
Board Altcoin Discussion
Topic OP
The SECRET MINDSET to expend the entire CRYPTO WORLD
by
duff_lesterny
on 19/05/2020, 08:07:16 UTC
Dear Friends, in any business, situation, what is most important than the mindset you have at the moment you think and act. BITCOIN has been created and designed as an alternative to the established centralized monetary system.

The traditional monetary system becomes more and more centralized as we speak. Indeed the CENTRAL bank are injecting massive liquidity and buying any kind of debt. Banks are not independent anymore but just the branches of the central banks following the instructions from the top.

Today, many people buy crypto as an investment vehicle like they would buy equities or bonds. As a results, they are looking for (quick) profit and ultimately to convert their gain back in FIAT money. The many people following this behavior is probably one of the reason why BITCOIN is sill accepted by many countries.

In fact, if BITCOIN is an investment vehicle, therefore, it is NOT a alternative monetary system but only a financial instrument which helps generating profit and a full economical segment. Do you think that crypto exchange employees are paid in crypto? partially may be but still all these activities generate FIAT flows which are good for the normal economy.

Read the full article here: https://feathercointomars.com/2020/05/19/day015-the-secret-mindset-to-expend-the-entire-crypto-world/
Post
Topic
Board Altcoin Discussion
Re: Will another altcoin rise to overtaken Bitcoin?
by
duff_lesterny
on 11/05/2020, 12:24:35 UTC


It is clear that the Technology doesn't win the game.
Rather, we could consider a few elements which creates value:

- The Time. The longer something exist the strongest it is.
- Awareness. The more people know about your product the better your product will be sell (even if it is crap; i am not saying Bitcoin is crap).
- The strength of the community. Here i am speaking about the people developing BITCOIN and making it evolve according to the initial Vision.

The problem of BITCOIN today is that many instruments of the normal financial market have been implemented over Bitcoin such as derivative.

On one hand, BITCOIN has been created for an alternative monetary system but as more value it takes and as more we replicate the bad habits of the "elite" financial system.

I have written a few article on those subjects, you can find them here:

DAY 002: The 5 reasons WHY Feathercoin is BETTER than Bitcoin: https://feathercointomars.com/2020/05/06/day-002-the-5-reasons-why-feathercoin-is-better-than-bitcoin/

DAY 006: The little-known METHOD used by the best TRADERS to gain in periods of RISE and FALL: https://feathercointomars.com/2020/05/10/day-006-the-little-known-method-used-by-the-best-traders-to-gain-in-periods-of-rise-and-fall/

Have a great HALVING DAY

Post
Topic
Board Announcements (Altcoins)
FEATHERCOIN [FTC] - MISSION TO MARS PROGRAM
by
duff_lesterny
on 09/05/2020, 10:48:38 UTC
Dear Friends,

Feathercoin [FTC] has launch a new initiative through a one year program and twitter campaign.

Blog:  https://feathercointomars.com/
Twitter account: https://twitter.com/feathercoin2013

Quote
Well, 7 years is the age of reason, the fundamentals are mastered and we begin to develop our personality. You know, this is just the beginning and I can’t wait to see each of us having success together.
    Feathercoin Writer

Come and join us is this new flow.

Warm regards, from the Feathercoin Writer
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Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC]
by
duff_lesterny
on 09/05/2020, 10:42:15 UTC
Hello,

Feathercoin (FTC) has started a super blog: https://feathercointomars.com/
A daily giveaway associated to its twitter account: https://twitter.com/feathercoin2013

Have a good day
Post
Topic
Board Speculation (Altcoins)
Re: The next 100x-1000x coin?
by
duff_lesterny
on 09/05/2020, 10:37:53 UTC
Hello,

Feathercoin (FTC) has started a super blog: https://feathercointomars.com/
A daily giveaway associated to its twitter account: https://twitter.com/feathercoin2013

Have a good day
Post
Topic
Board Altcoin Discussion
Re: What old coins are you still holding?
by
duff_lesterny
on 09/05/2020, 10:35:22 UTC
Hello,

Feathercoin (FTC) has started a super blog: https://feathercointomars.com/
A daily giveaway associated to its twitter account: https://twitter.com/feathercoin2013

Have a good day
Post
Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC]
by
duff_lesterny
on 09/04/2020, 09:58:25 UTC
Back Mid-January, some Feathercoin clients were getting stuck.

It was recommended to update to 0.18.2 available from the GitHub release page. https://github.com/FeatherCoin/Feathercoin/releases/tag/v0.18.2

v0.18.3 was released afterwards just related to testnet stuff.
 
Post
Topic
Board Speculation (Altcoins)
Re: The next 100x-1000x coin?
by
duff_lesterny
on 30/03/2020, 09:23:08 UTC
Holding and accumulating Feathercoin (FTC) since 2017. Will celebrate 7 years anniversary in less than 20 days. Back to 2015 price at 0.005$. Back to 2017 price (0.50$ FTC) soon?
Post
Topic
Board Altcoin Discussion
Re: What old coins are you still holding?
by
duff_lesterny
on 30/03/2020, 09:07:21 UTC
Holding and accumulating Feathercoin (FTC) since 2017. Will celebrate 7 years anniversary in less than 20 days. Back to 2015 price at 0.005$. Back to 2017 price (0.50$ FTC) soon?
Post
Topic
Board Altcoin Discussion
Re: What old coins are you still holding?
by
duff_lesterny
on 24/03/2020, 12:55:39 UTC
Hi, I am holding many Feathercoin (FTC) created in April 2013. Started in 2017 and accumulating since then.
If you look at the Hashrate, you can see that Feathercoin for more than 2 years has a hashrate average of 6 Ghz. This power is equivalent to 6,000 high-end GPU. In other words it means that Feathercoin is currently mined by a big actor.
We don't exactly who is behind but we know that something big is happening.

Post
Topic
Board Speculation (Altcoins)
Re: The next 100x-1000x coin?
by
duff_lesterny
on 25/02/2020, 12:50:37 UTC
Look at amazing Feathercoin (FTC) hashrate https://www.coinwarz.com/mining/feathercoin/hashrate-chart since 2018 and you will see that some big actors are preparing its future.

Stay tuned on twitter https://twitter.com/Feathercoin
Post
Topic
Board Speculation (Altcoins)
Re: Feathercoin/FTC - News?
by
duff_lesterny
on 25/02/2020, 12:42:21 UTC
Thanks for the replies,

Taking into consideration that Dev’s are still actively working on it - how come its a shit coin? I Remember this coin being quite highly ranked, back in 2013. It has been on the market for a long time

However, I can see that the volume dropped again, but again i question if theres 4k-6k high end GPU’s mining it, and this “shitcoin” is dead - that seems quite odd. Taking into account that a new exchange recently offered to trade it aswell.
That is true this project is an old and well-known project in its era, but now we have a lot of coins/projects that offer us more whether it is technology, infrastructure and many more. Taking into consideration that dev is still actively working on it will not increase the value of the coin. The value will come if the project has something to offer, have you checked when was the last time media published something related to FTC? it was 5 years ago. That explains, the project has been dormant and basically do nothing.

This is true, many new coins / projects whereby only a few percentage of the coins have been mined so far and therefore there is still a long way to go.
80% of Feathercoin are already on the market. From a technology perspective it is aligned with Bitcoin + some specific features such as the Neoscrypt algorithm which is ASIC resistant and therefore can be more decentralized than Bitcoin itself. Companies or even countries might be interested to own such an alternative crypto.
The feathercoin community doesn't play in the scaming or pumping category but remain overtime aligned we the core values of the crypto origins.
Post
Topic
Board Speculation (Altcoins)
Re: Feathercoin/FTC - News?
by
duff_lesterny
on 24/02/2020, 09:15:15 UTC
Hi

Feathercoin has exactly the same core features as Bitcoin + several differentiators such as ASIC resistant algorithm, protection againts 51%, ...

While the majority of trade is on Bittrex, a new exchange (CREX24) has been added recently in order to offer alternatives to people interested on buying or trading Feathercoin. It is somehow better to organize it when it is quiet rather than all the attention is their.

Overtime the original developer and founder Bushstar has made amazing work. In addition to recently join the Bitcoin core developer team, he is still active today on Feathercoin and working on the following subject:
- Regular alignment of Feathercoin Core with Bitcoin core. Current version is 0.18.3
- As part of the OMNI foundation, Peter is currently adapting the OMNI layer to run it over feathercoin in order to get faster network and higher capacity. Thanks to Feathercoin 1 minute block time.
- Last week, the OMNI Feather has been deployed on the TESTNET successfuly and a first transaction has been made. Soon, Feathercoin will offer an alternative OMNI layer which cheaper transaction cost opposed to Bitcoin. Tether might be interested by it.

If you look at the Hashrate, you can see that Feathercoin for more than 2 years as a hashrate average of 6-5 Ghz. This power is equivalent to 6,000 high-end GPU. In other words it means that Feathercoin is currently mined by a big actor. We don't exactly who is behind but we know that something big is happening.

Post
Topic
Board Speculation
Re: Buy only bitcoin or take chances in altcoin casino?
by
duff_lesterny
on 12/02/2020, 07:42:55 UTC
There is different type of altcoins even if we can indeed speak about casino.

However, we can look at some parameters:

- How old is the coin?
- Was it attach overtime and how did it evolved to prevent such attack again?
- Does it have an active development community?
- Does it play the marketing part at 100% in order to attract people or is it reinforcing it's technology foundation to make sure it will stay overtime?

Bitcoin is a reference. 50% in the portfolio is great. Then you can probably put 5% here and there. I would keep 10-20% for highly undervalued coins such as Feathercoin for instance.
Post
Topic
Board Speculation
Re: One satoshi for $1 dollar will occur someday
by
duff_lesterny
on 11/02/2020, 14:48:14 UTC
Funny, I see a lot of people having high expectations about bitcoin (I also have high expectations about bitcoin). but we cannot exaggerate. We have to think that in the future there may also be other competitors for bitcoin. We also have to think that in the future people can do the unthinkable: be more interested in altcoin than bitcoin. So we are comfortable thinking that in the future only bitcoin will attract people's attention so that the price will be 1 satoshi =  $1 may be a mistake

Each day that passes where Bitcoin isn't replaced in the affections of the people makes the likelihood of it happening recede ever further.

No one is building Feathercoin futures.

Newcomers sit where they're told and Bitcoin is where it'll be as far as I can tell.

Hi, What do you mean by "No one is building Feathercoin futures"?

It is great to see that old coin being quoted here and there like in the last Gemini Man movie with Will Smith.
There will be a Feathercoin future for sure.