Ferrite Core full node + wallet based on Bitcoin Core 23.0 and new Litecoin Core 21.2 codebase.

Ferrite Core	r/Ferritecoin	Discord	Twitter

Mineable with or without MWEB support.

Wrapped Ferrite contract addresses:

WFEC BEP-20: 0xA846ab3673dfb3d27F81EcFe5BcA79c06120eE6D
WFEC ARB-20: 0x09bf659Db25522bc9c367163966f35ac268e5b75

Transactions are received instantly and can be confirmed within minutes.

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.

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!

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.

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
Propogation time: 5 seconds (8.3% detached rate)
Block size: 3.8147 MiB
Transaction capacity: 105/s
Premine: No premine

$$14,238,800\text{ / }60,221,400$$ $$\text{ (}23.644\%\text{)}$$

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)

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.

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? - Nothing for now. This coin is created as a non-profit experimental software. Ferrite Core is just copied code, pre-generated code, and lines of edited code from multiple sources. Ferrite coins, like other cryptocurrencies, have zero intrinsic value. Do not invest more than what you can afford to lose.

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. 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.

$$\sum_{i=0}^{33}301,107\left(\frac{100}{2^i}\right)\approx60,221,400$$