Florincoin is a fairly new player in the digital currency market. Like many
others, it is based on a technology such as a blockchain . This option remains
the most reliable and convenient for use by both developers and users.
At the time of
publication of the cryptocurrency material, Florinkoin does not represent
competition for the more well-known cryptocurrencies but has a number of
features. It is they who can give impetus in the future for the development of
the project, especially given the fact that the creators of Florincoin do not
stand still and continue to think of ways to attract an audience.
investors are attracted by various additional features that other
cryptocurrencies do not possess, even leading ones, including Bitcoin, Litecoin
The creator of
Florincoin remains unknown. But the project still has trust, because it has open-source
code. The history of Florincoin also has no special facts and lies only in the
fact that a certain developer gathered a group of people. It was this group
that implemented the FLO cryptocurrency, which was based on the source code of
the well-known and successful cryptocurrencies Litecoin and Bitcoin. The code
was finalized, and new modifications were introduced into the system itself,
allowing to increase the speed of transactions and leave comments on their
initially, the site did not receive due publicity and, especially, success. But
the developers do not stop there, because we can say that the history of
Florincoin is only beginning to gain momentum and development.
and the principle of the cryptocurrency Florincoin
FLO has a number of distinctive features that help to stand out among the total
mass of virtual currencies. In this period of time, the
digital sphere is marked by fierce competition, because the developers decided
to give something new for their users.
The main feature of Florinkoin is the ability to
attribute comments when making transactions. Thus, a kind of social network is
created, which fully supports its main ability – messaging.
In addition to this, the speed of money transactions
is maximum and almost instantaneous, which makes it possible to send messages
Florinkoin uses a decentralized structure to
protect its network. Thus, each user of the network has equal rights and is one
of the elements of an integral mechanism.
The Florincoin cryptocurrency algorithm is called
Scrypt and is identical to that used in Bitcoin. This means that Florincoin
mining is quite difficult, and most importantly – a costly process in terms of
electricity. In addition, the extraction of “coins” is better carried out using
specialized equipment, which complicates the possibility of enriching the
By the way, the issue is one hundred sixty
million “coins.” Block generation takes only forty seconds, and the
algorithm for its formation is provided so that the complexity of Florincoin
mining is calculated again for each block.
The authors of the project themselves were not
involved in the so-called pre-mining. This means that they did not get “coins”
until the official launch of the project. This allows you to get the maximum
reward for mining for all first users, and not just developers and their
investors, if any.
The project can attract even more investors after
the introduction of the Alexandria function. Developers are already creating
it. Alexandria’s goal is to support an entire library for the exchange and
storage of art, culture and historical relics in digital form. It also means
the monetization of all material.
Difference between FLO and BTC
Although Florinkoin is based on the source code
of Bitcoin, it has a number of significant differences.
- Speed. The time for conducting
cash transactions is quite short, almost instantly.
- Communication. Support for
attaching messages to transactions that creates a kind of analog of a social
network, albeit at a primitive level.
- Blocks The generation of one block
takes less than one minute, and the complexity is calculated again after each
- Emission. Florin coin supports the
creation of 160 million “coins”, while Bitcoin is only twenty-one
Thus, there are benefits, and yet they are really
significant. But they do not affect the rate of Florin coin. Bitcoin is still
much more popular, and therefore more profitable both for investors and
ordinary users. But over time, everything can change.
Forecasting and course prospects
Current FLO rate to the dollar:
On the day of publication of the review, one
“coin” of the Florincoin cryptocurrency has a price of only ten cents. But only
six months ago, it was 4 cents. This means a positive development trend, as a
result of which the Florincoin rate remains positive and grows two and a half
times in five months.
In turn, the introduction of the new Alexandria
project will help improve the dynamics of digital currency development, which
will entail an accelerated price increase. Do not forget that the price of
absolutely all cryptocurrencies is inexorably rising in connection with their
Of course, Florincoin will not be able to catch
up with the flagships of this sphere, but it will certainly be able to become
an influential part of its segment, where, in addition to conducting
transactions, messages are likely to be in the not so distant future, building
successful prospects for Florin coin.