Feathercoin (FTC) is an open-source proof-of-work cryptocurrency derived from Bitcoin and Litecoin code. It uses NeoScrypt mining and documents a one-minute target block interval. Its current market activity could not be confirmed from the CoinGecko asset route during this review.
Market-data note: CoinGecko’s former Feathercoin asset page redirected to the general homepage during review, so no current market table is shown.
How Feathercoin works
Feathercoin uses proof-of-work mining with NeoScrypt. Its project documentation gives a one-minute target block interval and describes Advanced Checkpointing as a defense intended to limit deep reorganizations. A target interval is an average design goal, not a guarantee that each payment is final in one minute.
The project’s site describes NeoScrypt as ASIC-resistant. That is a design claim, not proof that mining is equally accessible or decentralized under current hardware and market conditions.
Tokenomics and issuance
The project documentation lists a 336-million FTC total-supply limit and a block-reward halving every 2.1 million blocks. New FTC enter circulation through mining rewards under the protocol’s issuance schedule. The reference page also lists a 40 FTC reward, but it does not give a current block height or a fresh reward check; this overview therefore does not present 40 FTC as today’s reward.
CoinGecko’s former Feathercoin URL redirected to its general homepage during review. A current circulating supply, market capitalization and price could not be verified, so no live market table is shown.
History
- 2013 — Peter Bushnell announced Feathercoin as an open-source Bitcoin and Litecoin-derived cryptocurrency.
Its later technical identity centered on NeoScrypt mining, rapid target blocks and checkpointing.
Related Terms
See Also
- What Happens to Bitcoin When All 21 Million Are Mined?
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives
- Bitcoin as Collateral: Bank Loans, Mortgages, and DeFi Explained
- Swap crypto with ChangeNOW
Sources
- Feathercoin — Technical Overview — Lists NeoScrypt, the one-minute target, the 336-million supply figure and the 2.1-million-block halving interval.
- Feathercoin Official Site — Describes the project’s open-source origins, Litecoin and Bitcoin lineage, and 2013 launch.
- Feathercoin Core Repository — Provides the project’s publicly available node software source code.