$0.000784
24h Change +23.07%
24h High $0.001000
24h Low $0.000645
24h Volume $128
Max Supply: 0
Circulation: 20,059,000
Market Cap: $15,720
Listing Date:
1679116694568
Network:
Multiple (See Below)
Asset Type:
Coin
Links
Social
This Asset Has Multiple Networks
Name: Ferritecoin
Ticker: FEC (FEC-MAIN)
Blockchain: Ferritecoin Main Chain
Confirmations Required: 100
Withdrawal Fee: 0.0000041 FEC
Name: Ferritecoin
Ticker: FEC (FEC-BEP20)
Blockchain: Binance Smart Chain (BSC)
Token Type: BEP-20
Confirmations Required: 10
Withdrawal Fee: 130 FEC
Primary Markets (3 active)
Total Market Volume: ~$129
Liquidity Pools (4 Active)
Total Pool Liquidity: ~$848
Market | Volume | |
---|---|---|
$87.11 |
||
$37.23 |
||
$4.23 |
Reserves
Balance: 23380.46981639
Updated: 2.86 min ago
Balance: 6160891.88248739
Updated: 2.86 min ago
Balance: 0
Updated: 424558.89 min ago
Balance: 117374.20080487
Updated: 0.47 min ago
Balance: 1739796.80038362
Updated: 0.47 min ago
Balance: 0
Updated: 424558.88 min ago
Highlighted Assets
Market Cap: $320K $0.751
Market Cap: $15.2K $0.000234
Market Cap: $4.91M $0.000654
Top Volumes
About Ferritecoin
- 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.