When I did the FreshCoin article yesterday, I came across a feature called SlingShield. After someone pointed out to me this feature was originally developed by FractalCoin, I decided to look into this digital currency more, so here we are!
FractalCoin was launched about a month ago, on June 12th. As this is a X11 digital currency, it is very appealing to miners. With a two-phase distribution plan, and the implementation of SlingShield, things are looking good.
When hard forking FractalCoin, some minor issues creeped up. A flaw in the fork checking code was detected, as it only considered raw block height, and thus did not properly validate the new fork.
These issues were countered promptly and the FractalCoin network never became unsafe or unstable. An optional client update was released at that point. As of this writing, these issues are no longer a reason for concern.
If you are interested in finding out more about this fork issue, click here.
What I really appreciate about FractalCoin, is their transparent pre-mine distribution. The 5,000 coins which were pre-mined have been given in part to coin founders, and in part kept for bounties and further development.
There was also a fair launch when it comes to FractalCoin, as the first 30 blocks contained no reward. Approaching the launch like this also allowed the mining pools to make sure everything worked properly.
So I mentioned SlingShield, which is an important feature of FractalCoin. SlingShield adjusts the block difficulty dynamically as transactions are added to a block. In case someone would try to attack the network,they would need 71% of the hashpower, whereas most other coins require 51%. It makes the network a lot more secure.
Let’s take a look at FractalCoin’s technical specifications :
X11 Proof of work.
1 Million coins total.
60 Second block time.
Slingshield providing advanced 51% protection by increasing hashrate required for attack to 71%.
90% of coins mined in the first 28 days of mining to combat inflation and price instability.
Digishield transitioning to Slingshield to provide sustainable difficulty adjustment tailored to the coins timeline.
0.5% transaction fees after 28 days, ensuring that mining remains profitable without hyperinflation.
0.5% premine to aid development.
On the exchanges front, FractalCoin can be traded at Poloniex, BitTrex and Coin-Swap.
FractalCoin donations : FhkLau49a64P8JHfpSQN4AnF4WUZSpUz7i
You can find out more about FractalCoin by using the following sources :
FractalCoin website : http://fractalco.in/
FractalCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=650173.0
FractalCoin on CryptoCoinTalk : https://cryptocointalk.com/topic/12308-ann-frac-fractalcoin-x11-slingshield-fees-05-premine/
FractalCoin on Twitter : https://twitter.com/Fractalcoin
FractalCoin on Facebook : https://www.facebook.com/fractalcoin