Rank: 406

Market Cap
Vol 24h
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198.74697189 Flash

Flashcoin is a decentralized blockchain community build for fast and small transactions. The circulation coin supply is 900 million, distributed among the Flash community. The cryptocurrency is based on Litecoin, and it is very efficient with low transaction fees. The security system is called GovNodes, which is crucial for facilitating a safe environment. It operates on a public blockchain, and the platform is eco-friendly. 25k transactions per second create 80 watts of power. It was released in 2018 by Chris Kitzle, Jason King, and Vinh Vo. All of them had many years of experience leading high tech companies. Flashcoin has a web and mobile wallet supporting credit card purchases and in-wallet exchanges for BTC,BCH, and local currency. The platform is still extending its features and will release merchant services, integrated transfers and HTM (Human Teller Machine). Flashcoin has developed a new consensus-model called Flash Governance. The users of the community use coins to cast votes for delegates. To run for the position of delegate, users will have to stake at least 1,000,000 coins. The elected representatives have a responsibility to ensure the platform‘s security and further elect 25 miners, and only they will be able to create new blocks on the blockchain.


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