Cryptocurrency FairCoin (FAIR): review, course and chart

The Groestl Algorithm
Proof-of-Cooperation mining method
Circulating offer 53,193,831 FAIR

The project was founded in the spring of 2014 and is currently being actively developed. FairCoin is an open-source, decentralized blockchain platform that has been developed due to unique features to facilitate monetary savings with minimal environmental costs.

The main objective is to implement an equitable economic system with clear value for overcoming problems at the regional and global levels. FairCoin is aimed at a wide range of users, including the poor. The system is based on the digital coin FAIR, which is intended for use within the platform.

Initially, the PoS mining process was available, allowing the miners to earn FAIR. However, since 2017, the project has been supporting proof of Proof-of-Cooperation, which has no analogs, allowing the owners of weak computers to participate in the development of the blockchain network. This principle of PoC eliminates the possibility of mining and guarantees safer and faster transactions, providing a certain level of trust. Network security is maintained by the nodes that perform specific work and are rewarded for their activities. Even an average PC can act as a node.

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