FlutterCoin to Undergo a Hard Fork

The soft fork of FlutterCoin occured on January 31, and the hard fork is expected to occur of February 7
07 February 2018   355

FlutterCoin team announced that the hard fork will occur on block 1518033600 on February 7 of 2018 at 20:00:00 UTC.

Fluttercoin is a community driven triple hybrid coin and the which aims to offer a secure network through Proof of Work, Proof of Stake, and its own innovative Proof of Transaction.

General specifications of FlutterCoin:

  • Algorithm: Scrypt
  • PoW Supply: Approximately 200,000,000
  • PoS Rate: Minimum proof-of-stake interest rate is 5% per coin year
  • PoS Maturity Time: Minimum 30 days, Maximum 90 days
  • PoT Minimum Transaction Size: 1 FLT
  • PoT Occurence: 80%
  • PoT Rewards: 0.5 FLT/block (5% of the PoW reward)
  • Block Rewards: Static reward 10 FLT

The code of FlutterCoin was completed in 0.7.5.21 release, along with the following updates:

  • Protocol update to 70014
  • Block roll up to nStakeMinAge so that blocks at 30 maturity can be combined up to stakesplitthreshold
  • Reward increase for PoW to 20FLT at block > 1410000
  • Reward decrease for PoS to 5% of block reward

FlutterCoin ChartsFlutterCoin Charts

At the moment of press, these are main market parameters of FlutterCoin:

Average price: $0,004358
Marketcap: $1 901 965
24h volume: $693

Andreessen Horowitz to Launch Crypto Investment Fund

Two new job openings by Andreessen Horowitz confirms the information about possible launch separate crypto investment fund
24 April 2018   4

One of the most influential venture capital companies of Silicon Valley intends to open its own fund, entirely dedicated to work with cryptocurrencies. This is repoted by Recode.

Rumors about the possible creation of a new division of Andreessen Horowitz have been on the web for quite some time, which is not surprising, as the company, also known as A16z, previously invested in Coinbase, Earn.com and CryptoKitties, and its founder Mark Andrissen is a big supporter of cryptocurrency .

Two new job openings by Andreessen Horowitz confirms the information that had spread earlier.

Currently, the venture company is looking for a "Manager for financial and operational activities, Cryptoactive" and "Legal Support Specialist, Cryptoactive". Both vacancies indicate that the company hires employees for an "individually managed fund that focuses on crypto assets."

The Legal Counsel will monitor "compliance with all necessary SEC requirements" and "manage the compliance of the firm / fund activities with all SEC requirements / other requirements", and the operational manager will among other things evaluate the crypto-currency assets.