Ferritecoin (FEC)

24h Change +5.93%

24h High $0.000130

24h Low $0.000116

24h Volume $34

Max Supply: 0

Circulation: 20,975,300

Market Cap: $2,650

FEC
USD

Listing Date:
2023-03-18, 05:18:14

Network:
Multiple (See Below)

Asset Type:
Coin

This Asset Has Multiple Networks

Name: Ferritecoin

Ticker: FEC (FEC-BEP20)

Blockchain: Binance Smart Chain (BSC)

Token Type: BEP-20

Confirmations Required: 10

Withdrawal Fee: 241 FEC

BEP-20

Name: Ferritecoin

Ticker: FEC (FEC-MAIN)

Blockchain: Ferritecoin Main Chain

Confirmations Required: 100

Withdrawal Fee: 7913 FEC

 

Main Net

Primary Markets (2 active)

Total Market Volume: ~$34

Liquidity Pools (2 Active)

Total Pool Liquidity: ~$719

Market Volume
$27.7
$6.57

Hot Wallets

Deposit (FEC-BEP20)
Block #49823479 @ 2.05 min ago

Balance: 0.00000000

Updated: 2.01 min ago

Withdraw (FEC-BEP20)
Block #49823479 @ 2.05 min ago

Balance: 2542552.54609954

Updated: 2.01 min ago

Deposit (FEC-MAIN)
Block #402285 @ 14.12 min ago

Balance: 3089.19387409

Updated: 3.43 min ago

Withdraw (FEC-MAIN)
Block #402285 @ 14.12 min ago

Balance: 8955022.52494419

Updated: 3.43 min ago

Highlighted Assets

Market Cap: $95.2K $0.00000197

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Top Volumes

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PPKAS

Volume: $107917 $0.00051644

Biggest Gains

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+163.16% $0.02854431

AIX/USDT
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+117.18% $0.00001542

IVY/USDT
Ivy Live

+105.39% $0.00000118

About Ferritecoin

Design Of Ferrite
- Utilitarian
Common metal intended to be used as "bad money" under Gresham's Law.
- Low value allows for cheap entry
Ferrite is to Litecoin's silver and Bitcoin's gold.
- Plentiful yet rare supply
Total supply is 60.22m which is ~3x larger than Bitcoin's 21m but smaller than Litecoin's 84m.
- Practical
Block time of 60 seconds where block latency is negligible yet transactions are confirmed fast.

Why create another altcoin?
- Most coins have overly inflated prices and therefore a high barrier to entry.
- A desire to create a faster, better coin which addresses the challenges brought about by low confirmation times.
- To learn and experiment with cryptocurrency without worrying about the finances.
- To create another coin with a fair start and zero premine.

Ferrite is a new proposal to optimize the transaction speed and cost of Bitcoin and Litecoin, with a block time of 60 seconds and larger block size of 4MB. (10x faster than Bitcoin, near zero fees) Similarly, it is an electronic cash system that operates on a peer-to-peer network and eliminates the need for a trusted third party. These systems aim to solve the problem of double-spending through the use of digital signatures and a proof-of-work mechanism using hashing algorithms such as SHA-256 and Scrypt that creates an ongoing chain of timestamped transactions that cannot be altered as a secure evidence of the sequence of events generated by the hashing work of miners in mining pool nodes. Ferrite is designed to have a low barrier to entry to allow for mass adoption and seeks to be the ferrous base metal digital equivalent of Litecoin's silver and Bitcoin's gold.