FOLM coin was designed as a masternode-based payment system. Our team, has been reviewing developments in Blockchain technology over time and has also studied many blockchain-based cryptocurrencies and identified a number of deficiencies related to them. We wanted to create a new innovative and cutting-edge cryptocurrency that will make several improvements in Blockchain technology and address some of these deficiencies. We decided to create FOLM coin.
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The FOLM infrastructure uses the codes that make up Bitcoin (Bitcoin Core). We have also combined some codes from Bulwark cryptocurrency, enriched with current great blockchain technologies, and for the first time with the crypto algorithm used in Luxcoin called PHI1612. After a lot of debugging and development, we have worked on some improvements to ensure that miners will be able to mine without problems.
For example, the FOLM team has developed a special algorithm for detecting and adjusting mining difficulties, which is a major problem in mining. This algorithm detects the mining difficulty based on fluctuating hashpower using short block intervals and adjusts the difficulty levels using statistical data of the last few blocks found. These and so many small but important developments have made it possible for FOLM coin to be one of the most seamless cryptocurrencies for both circulation and mass adoption.
Folmcoin