FTO update

Results of a fork – is it profitable to carry out?

The results of a fork are changes in blockchain structure. What exactly are these changes? First of all, one of the chains in blockchain becomes the dominant one. The second one shows low adaptation to conditions. Both chains exist and function independently with an approximately equal value. One of them dominates the other, but both remain equally valuable.

Results of a fork – how to recognize the type of the fork?

During the fork, any occurrence is possible, but the third option is most common. Then a new cryptocurrency appears. The first case is also highly probable, while the second one occurs most often during soft forks. When a cryptocurrency goes through a fork – find out if it is a soft or hard version. If you are a regular user – you do not need to do any particular actions, unless a new cryptocurrency is created in the process. However, if you are a miner – check that you have the latest version of the software.

How to receive free coins during the fork?

If you want to receive free coins from a hard fork, you need to do some critical steps. But first – find out why free coins are the products of the hard fork. Blockchain is a transaction book with registered actions. Each participant who received coins before and during the forks have coins in both chains after the end of the fork. New resources with a snapshot date in the general ledger create during the hard fork. The snapshot takes place at a defined block number, which is extremely important during the fork. So, if you want to participate, you’ll need to complete the transaction before the snapshot.

Directly speaking, a hard fork is a code change. A soft fork is a small change that is not needed to update the nodes. A hard fork is a massive change in blockchain, which significantly changes the operation of the cryptographic network. It can only be a change in blockchain or raise a new currency. The process requires an upgrade to the latest software version – the old and new chains are incompatible. The effect of the fork is the creation of two blockchains, two cryptocurrencies, and two code sets. Most participants update the software, and if not, the system continues to operate.

Are digital wallets important during the fork?

When the cryptocurrency forks, you want to keep it in a digital wallet with the ability to control private keys. The stock market and user wallets do a lot of work to take care of users, while a person with a private key can do it independently. If you use a third-party platform, you’ll be dependent on it for fork payouts. Remember to choose the right services for another platform, mainly when the hard fork is being carried out. Some of them work better, some – worse. The best of them have a long history of lending for carried out forks.

If you are the miner or you haven’t done any update of the software before the fork, you will stop in a chain that does not comply with the new rules and you will not be able to carry out post-upgrade activities.

Read more on http://newsroom.futurocoin.com

A hard fork is upcoming! Check this out!

The hard fork is upcoming! In connection to blockchain technology, a hard fork is a change in the protocol which influences on transactions and blocks. It requires users and nodes to update the newest version of the software’s protocol.

The hard fork is upcoming! – how does it work?

Put another way, it is is a new section of a blockchain version. The previous nodes’ release will be no longer valid. It creates some kind of fork in the blockchain. One of two paths follows the new blockchain, the second – along the old one. 

what-is-a-hard-fork
Source: https://blockgeeks.com/guides/ethereum-constantinople-hard-fork/

This activity involves splitting the path of a blockchain by invalidating transactions confirmed by nodes that have not been upgraded to the new version of the protocol software. Users of the old blockchain quickly realize that its version is outdated and needs an update. Moreover, it allows reducing security threats in older versions of the software to develop functionality and rollback transactions.

Differences between a hard fork and soft fork

Obviously, a hard fork and a soft fork are a very similar process in which cryptocurrency code changes. In the case of the soft fork, only one blockchain is valid when users accept the changes while a hard fork relates with two blockchains. All users and programmers decide to carry out a hard fork for security reasons, although soft fork could also do the job. Furthermore, a hard fork associates with the release of high computing power – it is much safer than a soft fork.

We are so happy that the hard fork is upcoming soon!

Read more articles on http://newsroom.futurocoin.com.

Hard Fork is coming! Check it out!

We are glad to inform you that FuturoCoin is going to go through the hard fork. What does it mean? When you want to be a part of the cryptocurrency network, you have to comply with the blockchain protocol, which defines mining, connection, and transaction rules. The fork is an incident when your protocol version differs from the main one. Continue reading

Become a Masternode owner!

As we informed earlier, changes in our cryptocurrency are coming. We want to become a more coin-owned community, so we are changing our Masternodes system. Every one of you can become a Masternode owner for just 1000 FTO.

Last week, we declared changes in FuturoCoin’s operation. When we informed the world about the change, we wanted to listen carefully to what you had to say. Many of you had good ideas about the possible shape of the changes. After the consultation with our community, we’ve made some crucial decisions.

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Futuro Core 1.0.2.0 upgrade

Futuro Core 1.0.2.0 upgrade

A new version of FuturoCoin wallet (Futuro Core 1.0.2.0) is now available. It contains very important upgrade related to core functionality.

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FuturoCoin P2Ppool

News: FuturoCoin P2Ppool!

Welcome to our FuturoCoin P2Ppool.

We are glad to inform that you can mine FuturoCoin in our pool (unofficial). All that is needed is to configure your miner to point to our P2Pool node.

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mining

What is mining for cryptocurrencies?

Mining is the most crucial and responsible part of any blockchain-based network, in which the consensus algorithm is Proof of Work (PoW).From a mathematical point of view, it is a process responsible for finding a number that satisfies a complicated mathematical equation. Miners are working independent on this solution, they compete with each to be first who solves this equation. The winner receives the newly generated FuturoCoin in the amount of 6.6590563 FTO. The same amount is awarded to masternodes for carrying out their assigned tasks.

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FuturoCoin (FTO)

The premiere of the FuturoCoin (FTO)!

At the end of January, FuturoCoin (FTO) joins the worldwide group of cryptocurrencies. Its launch was announced a few months ago. As FuturoCoin’s creators mark out, the blockchain system is the base of a new cryptocurrency. It ensures an optimal balance between performance, decentralization, and security. You can find all the technical details in the white paper.

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