FastCoin claims itself to be a fast and stable Peer-to-Peer cryptocurrency. The team behind this cryptocurrency seeks to make this innovative technology more practical and easy to use. Built on the same fundamentals as Bitcoin, Caims to make open payments more feasible to all. FastCoin has no central authority, and all the transactions are managed and issued collectively by the network. With nearly instant block times, FastCoin supports fast and secure transactions natively on the blockchain.
As per the website, FastCoin is a highly secure cryptocurrency with the deepest blockchain. In comparison to Bitcoin's 10 minute block durations, the FastCoin network has a target block time of under 12 seconds, with transactions fully confirmed in 48 seconds. The currency also claims to have a seven-year track record of operation, which adds to its security and reliability. Additionally, FastCoin enables easy download of its wallets.
The FastCoin complies with the Auxiliary Proof-of-Work (AuxPow) mechanism. Auxiliary Proof-of-Work (AuxPow) enables merged mining to exist due to the relationship between two blockchains. Merged mining is the process of mining two or more coins at the same time without compromising overall performance. Auxiliary Proof of Work is a mechanism that allows miners to use their processing power to simultaneously mine blocks on multiple chains (AuxPoW). Users can trade FastCoin with Bitcoin, Tether (USDT), DOGE, and (Ether) ETH.
FastCoin was created by a team of developers across the world. The native token of the platform is FST. FastCoin uses a Mineable Scrypt Algorithm, allowing shared AuxPow Merged Mine Ability.
