Futcoin is the peer-to-peer (P2P) digital currency using the Internet. We call a service provider “Server” and the receiver “Client” as it applies to email or the web. We distinguish them and they have different roles. However, P2P has no central organization and its each personal computer in the world can fill the same role. So the feature is it has no Server.
Usually, a currency is issued by a nation. However, Futcoin is issued by each person. As people get gold by mining real mines, everyone can join mining system called “Mining”. Also, the miners need to make sure whether it’s real Futcoin or not so everyone who joins the mining check it together. This mutual check system operates not only when people mine a new Futcoin but also when they exchangeit.
The number of maximum mining pieces is set to 49,600,000 pieces not to cause an inflation. Futcoin’s value is decided by market mechanism
You can purchase Futcoin by exchanging fiat currencies but the price is not fixed. It has its own exchange rate and price movements same as the exchange rate. The price is determined by balance between supply and demand as the other currencies and things.
SPREAD OF FUTCOIN
If the number of shops which accept Futcoin increase, the value of Futcoin will do the same and spread more. For users, the important points are the payment speed and availability. You need your counterpart’s Futcoin address to send and receive Futcoin with your Futcoin wallet. You can complete the process by scanning the QR code or copying the counterpart’s public address from the email.