Feathercoin FTC to Quantum Resistant Ledger QRL Exchange

Crypto Pair Details: FTC to QRL

Feathercoin FTC

Feathercoin (FTC or ₣) is an open source cryptocurrency, published under the license of MIT / X11.1, based on the Litecoin protocol. On 16 April 2013 Feathercoin successfully forked from Litecoin by the creation of its genesis block. As a cryptocurrency, creation and transfer of coins is based on an open source cryptographic protocol (the blockchain) and is not managed by any central authority. The hashing algorithm chosen for Feathercoin was the Proof-of-Work NeoScrypt, which had premiered on Phoenixcoin. NeoScrypt is 25% more memory intense, which makes it less feasible to create ASICs for it. The main programmer is Peter Bushnell, at the time running the information technology for the Brasenose College of Oxford University. He explained his motivation for developing the coin in an interview with Vitalik Buterin. One month after launching Feathercoin, Peter Bushnell left his job as head of IT at the Brasenose College of Oxford University and lived off his Litecoin savings. Feathercoin was launched on 16th April 2013 and as developed by Peter Bushnell. It was forked from Litecoin, with the aim of making Feathercoin what Litecoin was supposed to be: a faster, more secure, and stable version of Bitcoin. The consensus mechanism is based on the Proof of Work (PoW) concept. The Feathercoin network runs on the NeoScrypt hashing algorithm, making it much easier and faster to mine. Feathercoin enjoyed rapid adoption by users soon after its launch, gaining immense popularity, and establishing itself as a worthy contender in a BTC/LTC dominated market. Feathercoin can be mined using either processors (CPUs) or graphics cards (GPUs). Due to the hashing algorithm of FTC, it cannot be mined with an ASIC card. Mining software is available for download at their official site. Wallets for FTC can be found over at their official website, including both desktop and mobile wallets.. While the paper money you are used to carrying around is (or can be) stored in a physical wallet, cryptocurrencies, like all digital currencies, have to be stored in a software-based digital wallet. Although you will find links to feathercoin wallets throughout the web, the only safe way to know that you're downloading the latest and correct version is by scrolling to the bottom of the coin's official home page and selecting the button for your particular operating system. Feathercoin wallets are available for Android, Linux, macOS and Windows platforms.

Quantum Resistant Ledger QRL

Quantum Resistant Ledger is a cryptocurrency based on the Python programming language, aimed at combating future attacks by quantum computers. This cryptocurrency is the brainchild of Peter Waterland who realised that Bitcoin, Ethereum, and other such cryptocurrencies have no protection against future technology. It claims to be a “future-proof” cryptocurrency which enables transactions and decentralized communication while providing protection against classical as well as quantum computer attacks. The Quantum Resistant Ledger company was founded by Peter Waterland, who found that Bitcoin, as well as Ethereum signatures are susceptible to attacks by powerful quantum computers. His research on quantum computers and signature programs let to the development of this new cryptocurrency, designed to be resistant to the present classical attacks as well as any future quantum computer attacks. Their team is made up of a diverse range of members spread out across the world, including developers (core, blockchain, mobile developers, etc.), analysts, advisors, marketing managers, designers and more. Quantum Resistant Ledger is the first ever cryptocurrency and the only one in existence as of August 2018, to consider the threat that the future technology of quantum computing poses to cryptocurrencies and their working. It uses a technology specifically designed for post-quantum security, called XMSS, which makes it secure against powerful quantum computers even while using a Proof-of-Stake consensus mechanism. Security against cyber-attacks is a very serious concern in this digital age, especially when you have digital assets whose loss is likely to lead you to bankruptcy. QRL is the first blockchain technology that provides durability and stability through resistance to quantum computer attacks. The encryption methods used by modern blockchains can become vulnerable to quantum computers over the next ten years. QRL tries to create a blockchain with long-term stability. By using blockchain technology, the QRL platform creates a “ledger” that generates hashes in such a way that it is virtually impenetrable to any type of computer attack.

SOURCE: COINGECKO

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