%%{init: { 'logLevel': 'debug', 'theme': 'base', 'gitGraph': {'showBranches': true, 'showCommitLabel':true,'mainBranchName': 'Ferrite 18', 'mainBranchOrder':5}} }%%
gitGraph
commit id:"1.0.0"
commit id:"1.1.0"
commit id:"1.2.0"
commit id:"1.2.1"
commit id:"1.2.2"
commit id:"1.2.3"
commit id:"1.2.4"
commit id:"1.3.0"
branch "Ferrite 21" order: 4
commit id:"2.0.0"
checkout "Ferrite 18"
commit id:"1.3.1 (x86)"
checkout "Ferrite 21"
commit id:"2.1.0"
commit id:"2.1.1"
commit id:"2.1.2"
branch "Ferrite 21 DGW" order: 2
commit id:"3.0.0"
commit id:"3.0.1"
commit id:"3.1.0"
checkout "Ferrite 18"
branch "Ferrite 18 DGW (x86)" order: 3
commit id:"1.3.30"
checkout "Ferrite 21 DGW"
commit id:"3.1.1"
commit id:"3.1.2"
commit id:"3.1.3"
commit id:"3.1.4"
commit id:"3.1.5" type: HIGHLIGHT
branch "Ferrite 21 FEXT" order: 1
commit id:"4.0.0a" type: HIGHLIGHT
checkout "Ferrite 21 DGW"
commit id:"3.2.0" type: HIGHLIGHT
Ferrite Core full node + wallet based on Bitcoin Core 23.0 and new Litecoin Core 21.2.2 codebase.
 Ferrite Core |
 r/Ferritecoin |
 Discord |
 X / Twitter |
|---|
Users holding Ferritecoins before the fork will have coins on both new Ferritecoin and old Ferrite Classic chain.
Your keys in the wallet.dat file allows access to coins on both clients.
Ferrite Core v1.x.x and Ferrite Core v2.x.x (before 2 Apr 2023) will become Ferrite Classic clients. They can only send Ferrite Classic coins.
Ferrite Core v3.0.0+ (after Apr 2023) will be unaffected. They will continue to work as normal.
More details will be sent later regarding the height 250,000 hard fork event.
Cryptocurrency exchanges enable users to buy, sell, and trade Ferritecoin.
| Exchange | Trading pairs | Networks/Bridge support | Listing date |
|---|---|---|---|
 XeggeX |
 FEC/LTC  FEC/USDT |
  |
2023 03 18 |
| WIP: DEX |
| OTC | Trading pairs |
|---|---|
 Caldera |
 FEC OTC |
Provides comprehensive information on cryptocurrencies, including market capitalization, real-time and historical price data, trading volume, market rankings, exchange details, charts, and fundamental information about Ferritecoin.
| Name | Type | Description | Listing date | |
|---|---|---|---|---|
 |
CoinPaprika | Info | Price information and charts | 2023 02 16 |
 |
LiveCoinWatch | Info | Price information and charts | 2023 04 20 |
 |
Coincodex | Info | Price information and charts | 2023 04 29 |
 |
CoinCheckup | Info | Price information and charts | 2023 04 29 |
 |
CoinMarketLeague | Info | About Ferritecoin, links, voting | 2023 05 18 |
 |
Blockspot | Info | Price information and charts | 2023 10 18 |
 |
Coinranking | Info | Price information and charts | 2024 04 08 |
 |
Coincu | Info | Price prediction | 2024 06 29 |
| Trading Information | Info | Price history, available FEC trading pairs, funding contributors | - |
Mineable with or without MWEB support.
| Name | Link | Description |
|---|---|---|
| MiningPoolStats | Ferrite (FEC) Scrypt | Overview of Ferrite hashrate and difficulty. |
| Mining pools list | Github Wiki | A list of stratum mining pools to mine Ferrite. |
| CCMiner software | Release 2.1.1 | |
| Rent ASIC mining hardware | Github Wiki | |
| Quick setup guide (WIP) | Github Wiki |
📦 Wrapped Ferrite Token
For third party mobile wallets - add custom token CA to Metamask or Trust Wallet
| Token | Network | Contract address (CA) |
|---|---|---|
 |
 BEP-20 |
0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D |
EQCGQjLgjaSwzLezrRtKKelUwN4zpMVhNOrRjphELoAmGdoM |
||
 |
 ERC-20 |
----- |
| Name | Swap | Add liquidity |
|---|---|---|
 PancakeSwap |
WFEC BEP-20 | Add v3 liquidity WFEC/USDT Narrow Range 1% Add v2 liquidity WFEC/USDT Wide Range 0.25% |
 Uniswap |
WFEC BEP-20 | Add liquidity WFEC/USDT Wide Range 0.30% |
| [STON.fi TEP-74 to WFEC] | WIP | Add liquidity WFEC/USDT |
[STON.fi TEP-74 to WFEC]:
Provides transaction details, block information, wallet balances, smart contract interactions, network status, and analytics. They are essential tools for exploring and analyzing blockchain data.
| Name | Link | Description |
|---|---|---|
| Website | View | Ferrite website with mining calculator |
| Ferrite Forum | View | Ferrite Forum for discussions |
| Explorer | View | Blockchain explorer to view latest transactions, circulating supply and rich list distribution |
| Ordinals Explorer | ----- |
Blockchain explorer to view ordinal inscriptions |
| CryptoID Explorer | View | An advanced explorer with block mining history and node version data |
| Merchandise | View | Redirect link to Teespring shop with Ferrite coin themed merchandise |
Ferritecoin (FEC) is designed for frequent low-cost microtransactions. Network fees are denominated in 1/100,000,000 atomic subdivisions of FEC, ensuring that even the smallest transactions remain economically viable for users. Ferrite seeks to democratise access to cryptocurrency by integrating affordability and ease of use.
A unique feature of FEC is its inclusion of an on-chain text messaging layer where users can communicate anonymously directly on the blockchain itself. The distributed ledger system prevents any attempts at censorship of text data. This is crucial for maintaining a truly decentralized and open social ecosystem, where communication is free from external control or interference.
FEC places a strong emphasis on privacy and security. It expands on Bitcoin to employ advanced features such as MWEB and DGW to safeguard user data and transactions.
- MWEB (Mimblewimble Extension Block) is a privacy protocol from Litecoin that enhances transaction confidentiality by using techniques like aggregation, cryptographic obfuscation, and efficient signatures to make Ferrite transactions more private and lightweight.
- Dark Gravity Wave (DGW) is a difficulty adjustment algorithm from Dash that helps maintain stable block times and enhances network security by dynamically adjusting mining difficulty based on recent block production rates.
FEC is the designated exchange currency within the Ferrite ecosystem.
Text inscribed on the blockchain are distributed to every node and stored permanently, allowing for censorship proofing.
Use the free Web FEXT to send immutable private messages.
Inscription explorer available on Powershell and Python.
insert Martensite banner here
Martensite feature available to send single byte transaction FEXT using OP_RETURN to supplement fee on top of block mining subsidy.
Transactions are received instantly and can be confirmed within minutes.
Difficulty adjusts every block, adapting quickly to difficulty fluctuations.
If mining hashrate spikes, difficulty will quickly rise to limit supply. If mining hashrate plummets, difficulty will quickly drop to encourage mining.
There will be no more than 60,221,400 FEC - View current supply
A maximum of
Fees are denominated in fractions of Ferrite, which amounts to a negligible cost.
No pre-mine - Linux Executables are uploaded on public Telegram and Discord groups as early as block 120 (2 hours), with full migration to Github by block 3000 (50 hours).
Ferrite has no owner. The miners shall decide the fate of the network.
Nobody knows who owns the mined coins, nor who sent the coins. Unless you identify as the owner of the public address, you maintain anonymity. With Litecoin's MWEB implementation on Ferrite transactions can be made private and confidential at a time where exchanges are mandating strict KYC and AML measures. (active as of height 150,000 on 6 Jul 2023)
Reuse obsolete Litecoin, Dogecoin and Ethereum / Classic miners to mine Ferrite. Originally designed to be ASIC resistant.
Algorithm type: Scrypt, Proof of Work
Ports: 9573 (RPC), 9574 (P2P)
Block time: 1 minute
Difficulty adjustment time: 1 block or 1 hour
Halving time: 301,107 blocks
Propagation time: 5 seconds (8.3% detached rate)
Block size: 3.8147 MiB
Transaction capacity: 105/s
Premine: No premine
Initial block reward: 𝔽 100
Maximum supply: 𝔽 60,221,400
Blocks with reward: 10,237,637 blocks (33 halvings -1)
Halving timespan: at minimum 209 days
Reward lifespan: at minimum 7109 days (19.48 years)
The humble ferrite core is cheap and hidden from view. Most people have never heard about it, yet it is what allows our electric generators, switches and radio antennas to function. It has high magnetic permeability allowing for magnetic fields to pass through, yet has low electrical conductivity which reduces eddy current losses. Most importantly, the ferrite core possesses these properties while being cheap and safe to use. This makes the ferrite core suitable for being used as magnetic cores for electromagnet coils.
Bitcoin is considered as digital gold, Litecoin as digital silver. Ferrite is ferrite.
In the real world, we use coins made of ferrous base metals because gold and silver are too precious for circulation. Aristophanes
A cheap and low barrier to entry will allow for mass adoption.
Similarly, I hope that Ferrite Core will be used for fast, low volume transactions as well as small amount remittances for the unbanked people in developing nations to avoid exuberant remittance costs.
A low price will ensure that Ferrite coins and its fees stay affordable.
The Ferrite coin logo is the IEEE-315 circuit diagram symbol for a ferrite bead.
There are so many coins out there, what makes this special? - As of 2024, we have introduced/scheduled multiple new features into Ferritecoin including MWEB from Litecoin and DGWv3 from Dash. FEXT is an experimental script for sending and viewing OP_RETURN inscriptions on the blockchain. Currently only text is supported. In an era full of memecoins and coins with developer and marketing fees/reserves, Ferritecoin has no premine. 100% of the supply is accessible from mining, and every mined coin goes directly to the miner, with 100 coins per block at the beginning and halving every 301,107 blocks. Every wallet or "account" is equal. There are no special or administrative/developer addresses.
High adoption rates need not be expensive, and high market cap is not the way to having high adoption. How many people are in cryptocurrency for its technological features rather than its profit potential?
This coin would either be very active or completely inactive in a year or two assuming constant block times. For the sake of practicality the graphs will not extend beyond the time scope of 750 days. This should be enough to capture the first 3 halvings.
The total coin supply per halving epoch can be found using this equation.
