The crypto currency community has been taken by storm over the past few days over a recently launched coin called FlutterCoin.With its value going up nearly exponentially, I guess we should take a closer look at what FlutterCoin brings to the table.
Having only launched on March 10th, it became pretty obvious from the start that people took an interest in FlutterCoin because of its potential, and not because it could be the next pump-and-dump coin everyone could make a quick buck off.
FlutterCoin is a Scrypt Proof-of-Work/Proof-of-Stake hybrid, with a twist : there is also something called Proof-of-Transaction (PoT) mining. This does mean you can earn FlutterCoins through any of the three aforementioned methods.
Now, I’m pretty sure hardly anyone has any idea what Proof-of-Transaction means, so allow me to indulge you for a moment. PoT created a sort of “ripple effect”, meaning that it could occur when sending any transaction to anyone else on the FlutterCoin network.
If you want an example to make it easier : let’s say you would send me 100 FLT. There is a small chance that this transaction might not mean you “lost” 100 FLT, but you could be rewarded with 200 FLT because you sent me 100 FLT. It’s a sort of cashback bonus but a lot more interesting.
This is also where the “ripple effect” becomes obvious : if you send someone FlutterCoin, and you get more FLT back than you originally spent, while the other party still got their transaction, you both have more FLT to do whatever you please. It’s a lot simpler than it sounds, trust me. Below this article, you will find a download link for the PoT whitepaper, if you’re interested.
This also leads to another interesting point : there is no fixed supply cap for FlutterCoin. However, this does not mean that you can keep mining forever either. Roughly 224,000,000 FLT will be generated through regular mining, and the rest will come through both Proof-of-Stake and Proof-of-Transaction.
As far as the FlutterCoin block rewards go, between block 1 and block 22,000 , the rewards are random. From that point forward, we will have a static block reward of 5,000 FLT, which in turn will halve according to the following schedule :
Block 22001 – 34750: Static reward 5000
Block 34751 – 39791: Static reward 2500
Block 39792 – 44832: Static reward 1250
Block 44833 – 49873: Static reward 625
Block 49874 – 54914: Static reward 312.50
Block 54915 – 59955: Static reward 156.25
Block 59956 – 64996: Static reward 78.125
Block 64997 – 70037: Static reward 39.0625
Block 70038 – 332838: static reward 20
Halving every 262800 blocks
Now, all of this technical goodness wouldn’t be as useful if there wouldn’t be FlutterCoin client downloads for all platforms, right? But have no fear, as the FlutterCoin wallets are available for Windows (32-bit AND 64-bit), Linux, and Mac OSX. (Download links are below)
Some of the top exchanges have already added FlutterCoin to their site, including BTER, MintPal, Poloniex, Cryptsy, BitTrex, Europex, and a few others. This definitely means there is a market, and a serious demand, for FlutterCoin.
There is also a FlutterCoin paper wallet available, which you can find here. And if you are interested in checking whether or not there are any FLT bounties, have no fear, there is quite a nice list compiled on this website.
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Download links :
Proof-of-Transaction Whitepaper : http://www.fluttercoin.us/fluttercoin/wp-content/uploads/2014/03/Proof-of-Transaction.pdf