Feathercoin is a cryptocurrency that was released as an alternative to the widely-popular bitcoin.
Feathercoin was created around 2013 and remains active despite a relatively small trading volume. A fork of litecoin, it did not offer much in terms of uniqueness when compared to bitcoin and its other blockchain-based predecessors and was considered to be just another clone in what quickly become a flooded market of open-source altcoins.
Feathercoin’s Key Attributes
Although similar to bitcoin and litecoin in many ways, feathercoin differs in a few key areas including the following.
- It takes about a minute to generate a block, confirming transactions in about one-tenth of the time as it does on the bitcoin blockchain.
- The reward for each block is 40 coins, distributed among the miners who solved it.
- The maximum number of feathercoin that can be produced is 336 million, compared to 84 million for litecoin and 21 million for bitcoin.
What Else Makes Feathercoin Different?
Feathercoin utilizes the hashing NeoScrypt algorithm to solve the aforementioned cryptographically-protected blocks, not as complex as the SHA-256 design employed by bitcoin but very processor-intensive.
How to Mine Feathercoin
Since feathercoin utilizes NeoScrypt, it can be mined using processor power from both CPUs and graphics cards (GPUs); with the latter being the most efficient.
You can choose to mine with your own existing hardware or a mining rig built specifically to hash with NeoScrypt or similar algorithms.
While more advanced users may decide to mine on their own, most get started by joining a feathercoin mining pool where your hashing power is combined with others to solve blocks quicker and divvy up the rewards accordingly. Although feathercoin doesn’t even rank in the top 100 altcoins in terms of market share, there are still some fairly active mining pools around including The Blocks Factory, Give Me Coins and P2Pool.
Where to Buy Feathercoin
If the prospect of mining doesn’t interest you, feathercoin can be bought, traded and sold for other cryptocurrencies like bitcoin as well as for fiat currency including US dollars on multiple exchanges. Two of the more well-known exchanges that see a decent number of feathercoin transactions are Bittrex and Cryptopia.
While the paper money you are used to carrying around is (or can be) stored in a physical wallet, cryptocurrencies, like all digital currencies, have to be stored in a software-based digital wallet. Although you will find links to feathercoin wallets throughout the web, the only safe way to know that you’re downloading the latest and correct version is by scrolling to the bottom of the coin’s official home page and selecting the button for your particular operating system.
Exploring the Feathercoin Blockchain
Similar to other virtual currencies that utilize a public blockchain, all feathercoin transacations are viewable in real-time via a block explorer such as Fsight or BitInfoCharts, the latter which ranks the busiest and richest addresses.