[New coin recommendation] FCH Freecash free cash introduction

Name : Freecash

Token : FCH

Unit : F

Official website : https://freecash.org/zh.html

Forum: BBS.cash

Block Explorer : https://freecash.info/

Mining algorithm : SHA-256

Block time : 1 minute

Block Reward:

Initially, 50F will be issued per block. Among them, the block mining reward is 25F per block, and the maturity period is 14,400 blocks (about 10 days);

The governance fund is 25F per block, with a maturity period of 144,000 blocks (about 100 days).

New coins can only be used for transfers after they have reached maturity.

The mining reward will decay by 20% each year, reaching 20F in 2021, and the governance fund will decay by 50% each year.

What is Freecash (FCH)?

Freecash (FCH) is an improvement on Satoshi Nakamoto's Bitcoin framework. It summarizes the lessons learned from Bitcoin's 11 years of development and is an upgrade of the underlying framework to address the existing problems of BTC and BCH. It can be regarded as Bitcoin 2.0 and has been running since 0:00 on January 1, 2020.

FreeCash is positioned as a freely evolving decentralized electronic cash system. This positioning inherits the goal of Satoshi Nakamoto's Bitcoin: A Peer-to-Peer Electronic Cash System.

BTC has changed its economic model by refusing to expand its block size, resulting in the almost loss of the payment function of the main chain. It has turned to digital gold with the main function of value storage and formed a community consensus.

BCH inherits the peer-to-peer electronic cash direction of Bitcoin, but faces the problems of difficulty in effective governance of decentralized communities and high evolution costs during its development. Due to its large scale, some improvements and experiments are difficult to advance.

FCH mainly inherits the code, development direction and open and inclusive free concept of BCH, and deploys and implements improvements that are difficult to achieve on BCH. These improvements made on FCH will provide reference for BCH regardless of success or failure. Therefore, there is a harmonious symbiotic relationship between FCH and BCH.

FCH's technology comes from BTC and BCH, but the blockchain starts from block 0, with smaller data volume, lower price and lower operational risk, allowing beginners to experience Bitcoin before 2017 and truly understand what a decentralized cryptocurrency is.