What is FlutterCoin (FLT) Crypto Beginner’s Guide
FlutterCoin combines three different mining concepts and is a three-tiered hybrid coin. They combine Proof of Work, Proof of Stake, and Proof of Transaction concepts to offer a highly secure cryptocurrency. Users can download a free wallet, can mine FlutterCoin, and can earn FlutterCoin by staking it.
Users can download a free FlutterCoin wallet. It is a descendant of Bitcoin and is the first coin the that allows transactions to provide proof of participation. The coin is completely decentralized and is not controlled by any third party. The coin is extremely secure, utilizing three different mining concepts and allowing users to prove their participation in the blockchain by proving they completed transactions.
Transactions are completed nearly instantaneously and users can earn up to 5% interest per year on their FlutterCoin holdings by putting their FlutterCoin Wallets in Staking mode.
FlutterCoin’s use of Proof of Stake and Proof of Transaction creates an eco-friendly approach to mining that doesn’t solely rely on electricity. Users can earn free FlutterCoin by making and receiving FlutterCoin payments on the platform.
The platform aims to be community driven and to create a platform where users can have a say in its direction and future. The platform is open source which allows users to add to the platform.
FlutterCoin’s blockchain is Scrypt based. Each block is solved in 120 seconds. The current block reward is 20 FlutterCoin. All users who stake FlutterCoin receive 5% interest. There will be 200,000,000 FlutterCoin’s in circulation when the platform opens. However, there is no limit to how many FlutterCoins can exist.
In order to encourage adoption of FlutterCoin, users will always have access to FlutterCoin supplies. Since FlutterCoin is constantly created through three different processes, there will never be a lack of FlutterCoin available.
In order to fight off inflation, FlutterCoin’s blockchain has a randomly decreasing block reward. As FlutterCoin becomes more popular, the block rewards will decrease in order to prevent severe inflation.
FlutterCoin is a Bitcoin-based cryptocurrency and its Scrypt based Proof of Work concept is based on Bitcoin. Currently, one FlutterCoin can be bought for $.000098165. There are currently 195,275.465 FlutterCoin available in circulation.
Future of FlutterCoin (FLT)
FlutterCoin has not yet released a formal Whitepaper. Currently, their roadmap only addresses the 2018 Q1 and Q2, and no plans have been made for the remainder of 2018 or 2019. For Q1 in 2018, FlutterCoin planned to initiate a hard fork in order to decrease the interest rate to decrease inflation. They switched to a 5% Proof of Stake concept where users were rewarded 5% interest on their FlutterCoin holdings from a dynamic concept.
In Q2 of 2018, the platform hoped to incorporate a variety of new features, including erecting Master Nodes. They also planned to address current bugs, website, and blockchain related issues.
They do not plan to hold an ICO. There is no pre-mine or instamine, and the platform states that all coins will be distributed in a fair, transparent method.