What is FujiCoin?
FujiCoin was launched on Saturday, 28th Jun 2014 21:00:00 GMT
FujiCoin is a cryptocurrency that enables instant, near-zero cost payments to anyone in the world. FujiCoin is an open global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances. The time required for Fujicoin's transaction confirmation is one tenth of the Bitcoin, it has been greatly speeded up. Also, since the processing capacity of the transaction is 10 times the Bitcoin, there is no worry about the remittance delay. With substantial industry support, trade volume and liquidity, FujiCoin is a proven medium of commerce complementary to Bitcoin and Litecoin.
It is believed that the diffusion of innovations follows the S-Curve in general. Therefore, we have designed FujiCoin to ensure that the spread of the cryptocurrency also follows the S-Curve. In order to stabilize its value, it should be supplied in accordance with the degree of distribution (demand).
Programming to adjust the feed rate to meet the demand of the future is not feasible with current technology. Instead, we have assumed that demand will proceed in accordance with the S-Curve theory of distribution over the long term.
We believe that it is necessary to allocate a few decades to FujiCoin in order for it to spread far and wide throughout the world. Illustrated below is the distribution curve that we have implemented by adopting S-Curve. FujiCoin will be issued in accordance with this curve.
FujiCoin is not a cryptocurrency made for speculative purposes. Rather our goal is to enable people around the world to use FujiCoin on a daily basis.
Algorithm : Scrypt-N-11
Block Interval : 1 minute (60 seconds)
Difficulty Retarget : Every block (using Kimoto's Gravity Well)
Total coins amount : 10,000,000,000 (10 BILLION)
Premine : 1.6% for for encouraging people all over the world to use FujiCoin.
Block reward curve : S-Curve theory (Gonpertz Curve)
Currency unit : FJC