Freecash (FCH), a cryptocurrency test system based on Bitcoin Cash (BCH) and Bitcoin (BTC) technology, will be officially launched at 00:00 on January 1, 2020.
Website: Freecash.org
Browser: Freecash.info
Mining pool: fch.zenpool.io
Github:
https://github.com/freecashorg/freecash/ The positioning of Freecash is: an experimental system to learn and explore the principles, technologies, governance and evolution models of public cryptocurrencies.
There are three main purposes for launching Freecash:
1. As a BCH learning experiment system. Its technical characteristics are similar to BCH and BTC, and it can be used by beginners and developers to experiment with new ideas in order to enter the BCH or BTC field safely and at lower cost.
2. Explore solutions to BCH governance issues. BTC's development and governance tended to be centralized around the scaling war. BCH is currently highly decentralized, but it also faces the problem of inefficient community governance. FCH focuses on exploring an effective governance model for a decentralized cryptocurrency community.
3. Explore the way of the evolution of cryptocurrencies. Public cryptocurrencies, as a new money form, need to evolve for a long time, and currently lack a mature evolution model. The scaling war of bitcoin and the birth of BCH are very costly. FCH attempts to explore a more open evolution model for public cryptocurrencies.
Freecash originates from the scaling war of bitcoin and the evolution of Bitcoin Cash (BCH). It inherits the code, the goal of peer-to-peer electronic cash, and the evolution path of free evolution. It was an extension of the cryptocurrency experiment which was carried out by Satoshi Nakamoto, the early BTC community, and the BCH community.
Freecash will conduct experiments on some hard issues BCH face, such as developer incentives, community governance models, shortening block time, and 25 consecutive unconfirmed transfer limits. These may provide BCH with successful experiences or failed lessons to help BCH mature.
Freecash has two core features:
1. Set up public governance funds. That is, a public governance fund is directly generated in coinbase, which is used to motivate developers and public governance in the community.
2. Support harmonious bifurcation evolution. Encourage forks to try different market directions under the same mining algorithm and maintain community harmony.
Freecash is suitable as an introductory experiment for beginners and as a testing ground for developers. It is not suitable for investment and speculation. Anyone who wants to learn and develop cryptocurrency and more crypto applications is welcome to participate.