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About FairCoin

FairCoin (FAIR) is a digital currency powered by a coordinated grassroots campaign. It is a global currency that is stable and democratic. FairCoin network implements an innovative ecological blockchain mechanism based on the PoC (proof-of-cooperation) algorithm. In PoC consensus, the power consumption is negligible compared to the power consumed in other blockchain mechanisms.

According to the website, FairCoin is a blockchain technology that seeks to solve the problem of energy consumption. Many blockchain mechanisms face the energy consumption issue while creating a new block. This platform intends to solve this problem by introducing the FairCoin PoC (Proof-of-Cooperation) mechanism that requires less energy, allows fast and safe transactions, and assures smooth operations.

FAIR is the native token of the FairCoin network. The token holders can utilize this token in;keeping value in a wallet, purchasing goods and services, and exchanging traditional money. Further, the mission of the FairCoin platform is to create an innovative international economic system where cooperation, solidarity, and transparency are the critical factors with justice for everyone.

According to the website of FairCoin, fifty million FairCoin tokens were initially distributed by an "airdrop" in March 2014. The airdrop allowed individuals to claim one thousand FAIR per hour. With the incorporated PoW (Proof-of-Work) and PoS (Proof-of-Stake) mechanism, additional fifty thousand FairCoins per month have been allocated to different minters until July 17th, 2017, as a reward using Faircoin wallets. Minting means verifying information, making a new block, and recording that information into the blockchain. The maximum supply and total supply of FAIR tokens are 53,193,831.47 FAIR.

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Australia News about FairCoin

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Ethereum Improvement Proposal (EIP)-7702 has seen increasing support among developers, builders, and researchers less than a day after Ethereum co-founder Vitalik Buterin and three additional authors proposed it, a potential sign the EIP will be included in the next hard fork upgrade.  EIP-7702 e...

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BeInCrypto • May 08, 24

UK Plans to Regulate Staking and Stablecoins

Economic Secretary Bim Afolami emphasizes the need for immediate legislation on stablecoins and staking in the UK, highlighting the urgency with looming elections.The post UK Plans to Regulate Staking and Stablecoins appeared first on BeInCrypto.

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BeInCrypto • May 08, 24

Bitget Partners with Alchemy Pay for Indian Rupee Crypto Purchases

Alchemy Pay and Bitget partner, enabling users in India to buy cryptocurrencies with Indian Rupees (INR). This integration enhances convenience and expands services in Southeast Asia.The post Bitget Partners with Alchemy Pay for Indian Rupee Crypto Purchases appeared first on BeInCrypto.

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CoinDesk • May 08, 24

Kgothatso Ngako: How I Brought the Machankura Bitcoin App to Africa

Ngako is speaker at this year's Consensus festival, in Austin, Texas, May 29-31.

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Decrypt • May 08, 24

Shark Cat Solana Meme Coin Fight Ends Without Legal Battle

Famed social media cat Nala is now the official face of Solana meme coin Shark Cat, thanks to a licensing deal that avoids a court fight.

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BeInCrypto • May 08, 24

Cardano Foundation Names Giorgio Zinetti CTO to Boost Open Source

Cardano Foundation appoints Giorgio Zinetti as CTO to spearhead growth and innovation in blockchain technology, enhancing open-source applications.The post Cardano Foundation Names Giorgio Zinetti CTO to Boost Open Source appeared first on BeInCrypto.

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