Hey all!
Have you heard about flashcoin? Today I am going to be going over some features! We will be doing a brief overview as this asset is still young.
Design Model of Flashcoin
Flashcoin has been designed from the ground up on the litecoin network and can process 25,000 transactions per second. Most often transaction settles in less then 2 seconds.
Flashcoin is based on free trade model, and features Curve25519 Elliptic
Curve encryption.Flashcoin can be used for; paid services, distributing Flashcoin to website visitors, as a way to register and validate digital media, supports writers generating media for advertisers.
The Blockchain
- Flash developers utilized a unique syncing mechanism using web services api to sync web wallets, which is preprocessing. Web service API syncs, converts and preproccesses all blocks so local sync time is minimal. Which also prevents double spending.
Unique Features
Ever lose a private key? Maybe you didn't write it down, maybe your dog ate it. Regardless, Flashcoin has the ability to safely recover lost accounts.
Scalability and performance, because the network is designed for performance it can achieve 25,000 transactions per second and will be able to scale up or down depending on the needs at the time. Why is this important? Well, if your writing content for an advertiser you would want to be paid quickly right? The rate of transaction processing is very high, when you consider that Paypal is in the lower thousands.
You can buy flashcoin starting Oct 25, bittrex. More details will be available as we move closer to that date.
If you signup on Flashcoin and create a web wallet you get 10 units at no cost.