FreiCoin - a general overview | Coinpedia

FreiCoin is a digital currency that runs on peer-to-peer network. In terms of cryptocurrency it is called Bitcoin with demurrage". It is one of the alt coins with a focus on a typical design goal that coin holders will get to enjoy negative interest rates. This is set in order to increase the speed of money by lessening the incentive. Schedule fees are charged for holding money and for distribution to miners.

The configuration of FreiCoin acknowledges that at the time of initial money creation period, it is fixed approximately for 3 years, 80% of the produced FreiCoin are to be dispersed by the FreiCoin Foundation through donations and only 20% are bestowed to miners. This is a major difference with Bitcoin where 100% of coins are issued to miners.

Characteristics

FreiCoin holds a few salient features that decide its usability. It is important to know all these features in order to do the transactions safely and with best transparency.

0% interest, forever

FreiCoin-parameters are prudently selected to remove the basic interest section of investments, called by economists as the liquidity premium. Usurious non-zero basic interest inspires the free market, incentivizesdeadly greed, surplus, and instant thinking, and continues a spiteful cycle of boom/bust recessions.

Justifiable investments

Zero basic interest encourages justifiable investments, as long-term investments supposed to be, by eliminating the time preference implied inflationary (U.S. Dollar, Euro) or deflationary (Bitcoin) currencies. When business is led in FreiCoin, contributors honor present and future holdings correspondingly, and favor maintainable processes.

Steady long-term value

Demurrage inspires FreiCoin to circulate at deliberately high rates. Separation of money's roles as store-of-value and medium-of-exchange allows money to flow when it is needed, in good times and bad. Our careful selection of governing parameters creates a currency whose value is stable with neither price inflation nor deflation.

FreiCoin provides a lasting security funding. It accepts that the extreme number of transactions per block is detached or significantly improved, but FreiCoin doesn’t have to a pprehend such an event as there will be aneverlasting reward for miners that comes from recompensing for the coins “destroyed” due to demurrage fees.

Read about other currencies:  Cryptocoins | Coinpedia | Bitcoin virtual currency | Peercoin digital currency | Terracoin