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Coin Profiles: Feathercoin: Can it float to the top in the age of the Altcoin?
Feathercoin was introduced in this thread on April 16th by bushstar on Bitcointalk.
Lets get the specs out of the way first:
SPECS:
Three letter nick: FTC
Uses scrypt (LTC clone)
2.5 minutes block target
504 blocks to retarget difficulty
block reward of 200 coins
Total coins: 336 million
It is basicly just a Litecoin with a 4x production rate. However, it does have 2 advantages over the latest influx of coins. It release over a month before most of the new coins so it was able to build a bit more of a user base. Also, it has a team that is pushing it in different ways, like with his thousand dollar giveaway.
As of today it seems to be in a good position to survive the infant stages, but I think it is purely dependant on it support team not losing interest.
With this article I am introducing a new feature: The Survivor Rating. This is just what we think is the chance that the coin will survive with exchanges and support for at least a year.
Survivor Rating: 80%
I think FTC will make it through, but it will be worth a revisit in 6 months are so.
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