https://github.com/koh-gt/ferrite-test
Ferrite Core testnet for feature testing.
https://github.com/koh-gt/ferrite-test
blockchain test testnet
Last synced: 10 months ago
JSON representation
Ferrite Core testnet for feature testing.
- Host: GitHub
- URL: https://github.com/koh-gt/ferrite-test
- Owner: koh-gt
- License: mit
- Created: 2023-04-22T13:16:16.000Z (about 3 years ago)
- Default Branch: ferrite-test
- Last Pushed: 2023-04-23T22:03:39.000Z (about 3 years ago)
- Last Synced: 2025-07-30T22:25:11.545Z (10 months ago)
- Topics: blockchain, test, testnet
- Language: C++
- Homepage: https://ferritecoin.org
- Size: 26 MB
- Stars: 1
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- Contributing: CONTRIBUTING.md
- License: COPYING
- Security: SECURITY.md
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README
# ferrite-test
### Testnet coins are separate from mainnet.
> Ferrite Core Testnet full node + wallet based on Bitcoin Core 24.0, Litecoin Core 21.2 codebase and Dash codebase. DGWv3, Taproot and MWEB enabled.
## Community group links
|  [Ferrite Core ](https://t.me/ferrite_core) |  [r/Ferritecoin](https://www.reddit.com/r/Ferritecoin) |  [Discord](https://discord.gg/qKgF5xhS5p) |  [Twitter](https://twitter.com/ferritecoin) |
|--|--|--|--|
## Ferrite is a cryptocurrency that seeks to enable fast and free payments.
## Features:
### 1 minute block time -
Transactions are received instantly and can be confirmed within minutes.
### 1 hour difficulty adjustment time -
Difficulty adjusts in 60 blocks, allowing for dynamic difficulty adaptation.
> If mining hashrate spikes, difficulty will quickly rise to limit supply.
> If mining hashrate plummets, difficulty will quickly drop to encourage mining.
### Limited supply -
A maximum of $100$ FEC (Ferrite coins) are mined in a block.
This number will halve every $301107$ blocks, or about 8 months considering block propagation time.
> There will be no more than $60,221,400$ FEC. $10^{16}$ times smaller than Avogadro's number!
### Transparency -
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).
### Decentralised -
Ferrite has no owner. The miners shall decide the fate of the network.
### Pseudonymous -
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.
### Scrypt Algorithm -
Reuse obsolete Litecoin, Dogecoin and Ethereum / Classic miners to mine Ferrite. Originally designed to be ASIC resistant.
## Ferrite coin testnet specifications
### Technical specifications:
### Start Date: 22 Nov 2022
### Current Block Height: **`1808`** (24 Apr 2023)
### Halving Epoch: **0**
### Next halving block: 301107 (~ Oct 2023)
Algorithm type: Scrypt, Proof of Work
Ports: 19573 (RPC), 19574 (P2P)
Block time: Variable (1 minute)
Difficulty adjustment time: Dynamically adjusted
Halving time: 301,107 blocks
Propogation time: 5 seconds (8.3% detached rate)
Block size: 3.8147 MiB
Transaction capacity: 280/s
### Economic specifications:
Block reward: 𝔽 100
Current Block reward: 𝔽 100
Maximum supply: 𝔽 60,221,400
Blocks with reward: 10,237,637 blocks (33 halvings -1)
Halving timespan: 209 days
Reward lifespan: 7109 days (19.48 years)