FastCoin in the News and online Media
Introducing FastCoin - The World's Fastest Bitcoin Alternative Gaining Traction in the Cryptocurrency Ecosystem
Toronto, CA -- (SBWIRE) -- 09/03/2013 -- In late May 2013 FastCoin (FST) was launched; its primary innovation being to have the fastest transaction speeds of any digital currency currently in existence. Compared to Bitcoin’s 10 minute block times the FastCoin network has just a 12 second target block time with transactions fully confirming in 48 seconds. Based on the same fundamentals as the Bitcoin protocol FastCoin is a blockchain based, decentralized, peer 2 peer worldwide digital currency with no central issuing authority. FastCoin has seen a rapid rate of adoption, with the coin’s market cap briefly reaching $250 000 USD in early August, and the official website, http://FastCoin.ca, seeing constantly increasing traffic and serving thousands of unique hits every month. The coin is backed by a team of developers and FastCoin enthusiasts from all over the world; including the USA, Europe, Australia, UK, Russia, China, Brazil, Argentina, South Africa, India and more.
Marc Saltzman, a Canadian media journalist has contacted team FastCoin and is hosting one of the FastCoin members as a guest speaker on their popular radio show “Tech Talk” this Sunday, Sept 1 at 5pm EST. Marc is a well respected Canadian Journalist that specializes in technology segments and he has been featured on CNN, Fox news, CBC and more.
The official FastCoin website, http://FastCoin.ca is based in Toronto, Canada, but the core development team consists of 10 highly qualified individuals from all over the world. The majority of the core team are primarily system engineers: seasoned veterans of the IT ecosystem, with some possessing over 25 years experience in the industry. Some members of team FastCoin possess teaching backgrounds having taught computer science at the University and College Level. Others have held relatively key positions for high profile international IT companies such as Microsoft, Symantec and ATI. FastCoin also has professionals with MBA’s and global work experience; aiding the business analysis aspects of managing the FST project. All have been actively involved in the cryptocurrency space for years; enthusiastically mining Bitcoin and participating in the emerging digital currency economy. Christopher Tao is regarded as the head developer of FastCoin and the coin’s primary creator.
Reflecting the popularity of the coin, the official FastCoin twitter account has over 10 000 followers and this is rapidly growing month after month. With its fast transaction speeds the FastCoin team is also actively targeting the mobile space and to this end they have released an Android FastCoin wallet which is currently in Beta – but functional. Due to its lightning fast transaction speeds FastCoin offers tangible benefits for merchants who accept FST as a payment method; any website or business who reaches out to the FastCoin team looking to accept FST will be warmly received.
With its highly qualified and motivated core development team, strong social media presence, rising popularity and primary innovation of being the fastest transacting digital currency in the cryptocurrency ecosystem, FastCoin has a bright future ahead. With FST having reached a market cap of $250 000 USD in early August, this is no doubt a foreshadowing of bigger things to come.
To learn more about FastCoin please go to: http://fastcoin.ca
To see FastCoin on Canadian radio show Tech Talk please go to: http://www.cjad.com/Shows/TechTalk.aspx
FastCoin on Twitter: https://twitter.com/fast_coin
FastCoin on Facebook: https://www.facebook.com/pages/Fastcoinca/593923330628082
FastCoin Android App Beta: http://www.fastcoin.ca/fastcoin-mobile-apps-beta-available.html
FastCoin Sites and Services: http://www.fastcoin.ca/services.html
Media Contact Name: Christopher Tao
FastCoin is currently the fastest transacting peer 2 peer digital currency in existence; for the technically minded the FST protocol details are as follows:
- 12 second block target.
- 4 confirms per transaction – every transaction confirms in 48 seconds.
- Mining difficulty retargets every hour. Accelerated re-targets are utilized so as to eliminate instamining.
- 32 coins per block, block reward halves roughly every 12 months or 2 592 000 blocks.
- A total of 165 888 000 coins will be minted.
- Connection port is 9526, RPC-port 9527
- Similar to Litecoin, FastCoin utilizes a Scrypt based cryptographic algorithm.
FastCoin Featured in the Voice of Russia
FastCoin interview with Marc Saltzman
09-01-13 (Interview starts at @9:40 min/sec)
Gary Thomas plans to get rich off virtual currencies—but not bitcoin. The electrical engineer is betting big on newcomers like alphacoin and FastCoin.
Mr. Thomas started trading the digital currencies from his home outside Boston earlier this year. He said he is convinced this is his ticket to fortune, even after an earlier attempt—investing in Internet stocks during the dot-com bubble—ended in disaster.
"I think this is a point in history that will never be repeated," said Mr. Thomas, who is in his 50s. "These things will take off like nobody will imagine."
A "cryptocurrency" craze has spawned more than 80 entrants, from peercoin and namecoin, to worldcoin and hobonickels. In October and November alone, developers launched gridcoin, fireflycoin and zeuscoin. Bbqcoin has enjoyed a renaissance after a false start in 2012. Litecoin, launched in 2011, has turned into the strongest bitcoin alternative.
As the Bitcoin phenomenon reaches new heights, developers are rolling out dozens of competing virtual currencies with colorful names like Litecoin, Peercoin, Namecoin and Feathercoin. Joseph Light reports on digits.
Virtual-currency experts credit bitcoin's explosion into the public consciousness for a flurry of new currencies—and an increasing legion of fans hoping to make a quick buck trading them. Bitcoin, launched in 2009, fetched about $548 a coin as of late-afternoon Wednesday in New York, making all the existing bitcoin worth about $6.6 billion, according to CoinDesk.com, which averages bitcoin prices across exchanges. Its rise sparked hearings on Capitol Hill this week during which enforcement agencies described it as a legitimate currency but expressed worries that it could be used for illegal activities.
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