Ferritecoin (FEC)

24h Change +16.25%

24h High $0.000320

24h Low $0.000230

24h Volume $399

Max Supply: 0

Circulation: 20,975,300

Market Cap: $5,843

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-MAIN)

Blockchain: Ferritecoin Main Chain

Confirmations Required: 100

Withdrawal Fee: 3596 FEC

 

Main Net

Name: Ferritecoin

Ticker: FEC (FEC-BEP20)

Blockchain: Binance Smart Chain (BSC)

Token Type: BEP-20

Confirmations Required: 10

Withdrawal Fee: 241 FEC

BEP-20

Primary Markets (2 active)

Total Market Volume: ~$400

Liquidity Pools (2 Active)

Total Pool Liquidity: ~$920

Market Volume
$355.41
$44.33

Hot Wallets

Deposit (FEC-MAIN)
Block #347382 @ 4.84 min ago

Balance: 17182.13795891

Updated: 4.82 min ago

Withdraw (FEC-MAIN)
Block #347382 @ 4.84 min ago

Balance: 7503862.70931275

Updated: 4.81 min ago

Deposit (FEC-BEP20)
Block #47946518 @ 2.82 min ago

Balance: 0.00000000

Updated: 2.74 min ago

Withdraw (FEC-BEP20)
Block #47946518 @ 2.82 min ago

Balance: 2542552.54609954

Updated: 2.74 min ago

Highlighted Assets

Market Cap: $304K $0.0119

Market Cap: $34.5K $0.000000775

Market Cap: $30.3K $0.00278

Top Volumes

PPKAS/USDT
PPKAS

Volume: $77868 $0.00032749

PHANT/USDT
Phantom GhostDOG

Volume: $72605 $0.00000035

POT/USDT
PotCoin

Volume: $64723 $0.004249

Biggest Gains

NOVO/DOGE
NOVO Chain

+2056.25% $0.00000111

FUNZ/USDT
FunChain

+434.38% $0.000171

LBC/USDT
Lucky Bucks

+156.30% $0.00001384

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.