FairCoin
Last updated | just now |
Price per FAIR in USD | $ |
Price per FAIR in Bitcoin | |
Volume over the last 24 hours | $ 0 |
Market cap in USD | $ 0 |
Change in % over the last hour | |
Change in % over the last 24 hours | |
Change in % over the last 7 days |
FAIR specifications
Name | FairCoin |
Symbol | FAIR |
Minable | No |
Algorithm | Groestl |
Prooftype | PoW/PoS |
Premine: | N/A |
Coin description
FairCoin is a cryptocurrency designed to promote social and economic fairness. It operates on a proof-of-cooperation (PoC) consensus mechanism, which eliminates mining and focuses on community-driven governance. FairCoin emphasizes sustainability, equality, and ethical practices, making it suitable for projects aligned with cooperative values.
FairCoin Proof-of-Cooperation Model
FairCoin's PoC mechanism ensures that block validation is performed by selected nodes, reducing energy consumption and promoting decentralization. Its focus on fairness and inclusivity has attracted interest from organizations seeking to integrate blockchain technology into their operations. For example, cooperatives can use FairCoin to facilitate transparent and equitable transactions.
One of FairCoin's strengths lies in its alignment with social justice principles. By fostering collaboration and shared ownership, it promotes a more sustainable and equitable economy. Keywords like FairCoin proof-of-cooperation and ethical blockchain are closely tied to this project.