Fantomcoin introduces users to the concept of merged mining. Users can mine the currency easily thanks to low block time. The coin was launched in 2014. There are around 20 million coins currently. Proof of work is used for mining the coins.
Fantomcoin (FCN) works on the principle of merged mining. Some of the merged pairs include byte coin and quazarcoin. The coins can be mined using the CPU of the user. This offers one of the easiest methods of acquiring coins. Block difficulty is adjusted to prevent oversupply of tokens. This keeps the coin value under control and prevents devaluation.
The users can purchase the coins through various exchanges. They can download the wallet to their computer. The computer CPU resources are used for mining coins. In a way, this is the simplest way to acquire coins. The block mining difficulty is elevated after every block to stabilize the coin value. The concept of merged mining has enabled mining in connection with other currencies.
Users looking to earn digital currency might want to utilize a resource that does not require too much effort: The power of their CPU. The block time for every coin is 60 seconds, and this makes the Fantomcoin one of the faster coins, where mining is concerned. The block difficulty rates are adjusted frequently. Users can claim more coins on mining one block. The rewards also adjust according to the supply of the coins. Thus, there is much focus on preventing devaluation. Users who are looking to mine coins safely, with good returns, and less risk from devaluation, can place their bets on the Fantomcoin.
The wallet works with Windows, Mac, and Linux computers. One of the latest developments has been an Android based wallet. So users with smartphones can now download the app to mine coins. The coins can also be used as payment when users carry out trade online. The security of the blockchain makes the Fantomcoin a reliable way to ensure privacy and secrecy. The merged mining concept would be of interest to users who want to reduce the steps needed to mine different currencies. Since the Fantomcoin is based off the open source code blockchain, developers can contribute their bit by obtaining and tweaking the source code. The Fantomcoin has been around for a few years, and this leads to expectations that the currency is going to offer good returns and is stable.
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