Feathercoin (FTC or ₣) is an open source cryptocurrency, published under the license of MIT / X11.1, based on the Litecoin protocol. On April 16th, 2013 Feathercoin successfully forked from Litecoin by the creation of its genesis block. As a cryptocurrency, creation and transfer of coins is based on an open source cryptographic protocol (the blockchain) and is not managed by any central authority.
The main programmer is Peter Bushnell, magistrate in Information Technology at the Brasenose College of Oxford University. He left the development of the coin in 2014 and returned to the platform as of January 1st, 2018 for yet unknown reasons.
With its halving rate every 2.1 million blocks, Feathercoin is limited to 336 million coins. Approximately 16 times more than Bitcoin and 4 times more than Litecoin. Average block time is about 60 seconds, which, compared to Litecoin (2.5 minutes) and Bitcoin (8.4 minutes), is considerabily fast.
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