What is FairCoin Crypto Currency?A brief description of FairCoin.
FairCoin is an innovative blockchain technology, performing better than BitCoin and most AltCoins: it requires less energy, enables faster transactions and is redistributing a very low fee. It has been built with a clear value set in mind to bridge economic gaps on a regional and global level.
FairCoin Video
The purpose of FairCoin
Ecological: very low power consumption for transaction control, Ethical: supports fair business values, High commitment by several cooperatives worldwide, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold
FairCoin Abstract
In contrast to other cryptocurrencies FairCoin does not implement any mining or minting functionality, which are both competitive systems. Block generation is instead performed by socalled certified validation nodes (in short CVN). These nodes cooperate to secure the network. Therefore we call this system proof-of-cooperation (PoC). CVNs can be added or removed from the network dynamically. This way if a misbehaving CVN is
identified it can quickly be removed, and new supporters can easily be added. CVN information is
stored in the block chain. Certain chain parameters, e.g. the time between blocks, the amount of the transaction fee, etc. are
dynamically adjustable without the need of releasing a new wallet version. These dynamic chain
parameters are stored in the block chain. The FairCoin block chain administrators take on the task
of managing these parameters, in accordance with decisions from the FairCoop assembly
More information can be found in the FairCoin whitepaper https://chain.fair-coin.org/download/FairCoin2-white-paper-V1.1.pdf
Other FairCoin facts
- Trading symbol: FAIR
- Governance: Decentralized
- Open source: Yes
- Product status: Beta version
- Consensus method: Proof of Importance
- Emmission rate: No new tokens created
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: N/A
- Release date: 2015-03-31
Usefull FairCoin links
- FairCoin’s Website
- FairCoin pricing data & fundamental FairCoin information
- FairCoin’s Website
- FairCoin official blog
- FairCoin’s Bitcointalk Forum
- FairCoin’s Reddit Forum
- FairCoin’s block explorer
- FairCoin’s Alexa site stats
- FairCoin’s official forum: Unfortunately we don’t have this data available.
- FairCoin’s Github code repository:
https://github.com/faircoin/faircoin - FairCoin’s roadmap:
n/a - FairCoin’s team page: n/a
- FairCoin’s whitepaper: https://chain.fair-coin.org/download/FairCoin2-white-paper-V1.1.pdf