FREQUENTLY ASKED QUESTIONS

What is FordCoin?

FordCoin is a peer-to-peer electronic cash system. It's a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank. FordCoin is a kind of network currency based on peer-to-peer technology, and is also an open source software project under MIT/X11 license. It can help users pay instantly to anyone in the world. With the same implementation principle as Bitcoin in technology, the transfer speed, anonymity and security of Bitcoin are perfectly upgraded.


Who invented the FordCoin?

Founder Nakamoto Cong and later Bitcoin R&D team upgraded the core technology of Bitcoin transaction speed and anonymity perfectly, which led to the birth of FordCoin. Its transaction speed is 10 times faster than Bitcoin. It was the first to introduce black hole technology to protect user account privacy and capital security.


How to get FordCoin?

FordCoin are all mined, and you can choose to mine them or recharge them from exchanges for direct purchase.


How many FordCoin are there and how long can we dig them? How to mine?

The number of FordCoin is constant at 21 million; it is fair and just, without pre-excavation, everyone can participate in mining. Computer mining method: first download the wallet to the computer hard disk, decompress and double-click to open the FordCoin wallet, the opening process needs to wait for a while, the block data need to complete synchronization before mining. After the block synchronization is completed, the following operations are performed: (1) Click Help and select the debugging window. (2)Select the console. (3) In the input window below, enter "set generate true 1" and return. Note that the pre-mined currency will show immaturity, waiting for the block to complete the confirmation information, and will automatically transfer to the balance after maturity. You can dig all the time. Ford coin uses scrypt encryption algorithm proposed by Colin Percival for the first time in its workload proof algorithm, which makes it easier to mine Ford coin on ordinary computers than on bitcoin. Of course, like Bitcoin, mining machines are also available. All types of Bitcoin miners are also suitable for Ford coin mining.


Is FordCoin different from 'Bitcoin'?

In 2019, the Bitcoin project and its community split in two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and FDC. FordCoin is usually represented by the FDC ticker symbol and is considered by its supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer digital cash.


What is the core advantage of FordCoin over Bitcoin?

FordCoin is an upgraded version of Bitcoin. For the sake of rapidity, privacy and security! FordCoin has innovated and upgraded its core technology from speediness, security and privacy. Bitcoin is prone to network congestion due to transaction speed problems, which leads to transfer delays and greatly affects the faster circulation speed worldwide. FordCoin upgrades perfectly on the basis of Bitcoin technology and integrates into lightning trading. The transfer speed is 10 times faster than Bitcoin. FordCoin, also known as black hole coin, is the first black hole technology introduced in the world. Bitcoin can be traced upward by address, which can easily expose privacy and account security. FordCoin introduces the world's first original black hole technology, address can not be traced upward, and ultimately protect user account privacy and capital security.


What is the core advantage of FordCoin over Litecoin?

FordCoin come out at a speed of 1 minute, and transfer speed is 2.5 times faster than Litecoin and 10 times faster than Bitcoins; Litecoin produce 84 million, and the number of FordCoin is constant 21 million; the first ring signature, double-key invisible address and black hole technology are introduced on the basis of Litecoin, which makes it more anonymous.


WHY USE FORDCOIN?

Send Money Anywhere In the World, Almost for Free

With FordCoin, you can send money to anyone, anywhere in the world, 24 hours a day, 365 days a year. Like the Internet itself, the network is always on. No transaction is too big or too small. And you never need anyone’s permission or approval.


Be Your Own Bank and Have Full Control Over Your Money

The seizing of capital from account holders (“bail-ins”) that occurred in Cyprus and nearly in Greece, demonstrated that bank deposits are only as safe as political leaders decide. Even under the best of conditions, banks can make mistakes, hold funds, freeze accounts, and otherwise prevent you from accessing your own money. Banks can also decide to block your transactions, charge you fees, or close your account without warning. FordCoin gives you full, sovereign control over your funds, which you can access from anywhere in the world.


A Scarce Digital Currency with a Known Fixed Supply

he FordCoin protocol ensures there will never be more than 21 million coins in existence. Governments continually print money, endlessly inflating the supply and devaluing everyone’s savings. FordCoin has a fixed supply and therefore represents sound money.


Increase Your Privacy and Operate Anonymously

B FordCoin offers more privacy and anonymity than traditional payment systems like bank transfers and credit card payments, since it's normally impossible to know who controls a FordCoin address. FordCoin offers various levels of privacy depending on how it is used. It's important to educate yourself thoroughly before using FordCoin for privacy purposes.


Enjoy Exclusive Discounts

Many merchants offer discounts for paying in FordCoin, because it eliminates credit card fees and helps grow the adoption of this new payment system.


Support Freedom Worldwide

FordCoin is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion. It's decentralized, voluntary, and non-aggressive. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known.


BENEFITS FOR MERCHANTS

Ultra Low Fees

The network fee for a typical FordCoin transaction is less than one penny. If you want to convert your FordCoin into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing.


No Chargebacks

Unlike credit cards, there are never any automatic voids, refunds, chargebacks, or other unexpected fees. Fraud protection is built into the system with no cost to the merchant.


New Customers

A growing number of patrons are choosing FordCoin as a preferred payment method. They favor merchants who offer this payment option and actively seek them out.


Free Marketing and Press

By accepting FordCoin, merchants can gain free listings in website and app directories, gaining even more customers. They can also take advantage of this new trend and generate press for their business.