Feathercoin bypasses the old banking system by using peer-to-peer technology. Payments are borderless and can be processed by anyone with affordable computer hardware using free software. This work is rewarded with new feathercoins which are issued by the network.
- 1 minute block targets
- 80 coins per block
- NeoScrypt hashing algorithm
- Retarget every block
- Retarget with average of 15, 120 and 480 block averages and .25 damping
- Subsidy halves every ~4 years
- ~336 million total coins