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What is FujiCoin?

What is FujiCoin?


According to Fujicoin developers, this Token is a cryptocurrency of the latest generation. In particular, the speed, security and ease of use should distinguish the token from established crypto currencies .

FujiCoin – properties

One of the special features of the token is the speed. In particular, the verification of transactions is up to ten times faster than Bitcoin . As a result, the token is used in particular in the context of time-critical transactions. In addition, the cryptocurrency is characterized by low costs. Due to the very low cost, the token can even be used in the context of microtransactions. The established network is a peer-to-peer network. This ensures decentralization of the cryptocurrency and excludes third parties such as governments or central banks from controlling the cryptocurrency. Another special feature is the capacity of the blockchain because the capacity for transactions is about ten times greater than Bitcoin .

Thus, no SegWit or no hard fork is needed to increase the crypto currency’s capacity . A particularly innovative encryption procedure is used to secure all transactions. This minimizes the risk of hacker attacks and secures the entire blockchain and payment traffic. It also backs up users’ deposits, making FujiCoin one of the safest cryptocurrencies. The last peculiarity of the token is the globality, which has the entire cryptocurrency immanent. Users have the ability to execute transactions from any location in the world without having to worry about divergent costs.

FujiCoin – Mining

When mining the token the proof-of-work principle is used. The algorithm used is known under the name Scrypt and is used in many so-called Altcoins application. As a block interval, the developers have defined a time of one minute, so that miners can complete a new block every minute. The difficulty of mining after each block dynamically adapts to the computing power in the network, so that the difficulty is always on a fair level. To miningto benefit from the token, the developers recommend the use of a powerful graphics card. For this purpose, special drivers for NVidia and AMD graphics cards are provided on the developer’s homepage. This should accelerate the development of the blockchain and increase the acceptance of the cryptocurrency by the community.

What is the current market capitalization of FujiCoin?

The FujiCoin has been in official trading at the crypto traders since 14 June 2014 and is traded there under the symbol FJC. The price per token on the first day of trading was at a level of $ 0.000007, resulting in a market capitalization of $ 2,240. The cryptocurrency made its breakthrough on May 17, 2017, reaching its peak of $ 2.942 million on June 8. At the current time, the cryptocurrency is quoted at $ 1.7 million, with the price per token at $ 0.003032. Furthermore, there are currently around 1.2 billion tokens in circulation. A limit has not yet been defined so that the currency can theoretically grow infinitely. The daily trading volume is around 7. 500 USD and is realized in particular by the trade between FJC and BTC. Here, Cryptopia is the most important trading center, as more than 62% of daily trading is registered here.

The post What is FujiCoin? appeared first on Technology Geeks | Gadgets | IoT | News.

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What is FujiCoin?


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