FOLM is an open source and decentralized digital cryptocurrency based on blockchain. Anyone can setup their own servers and be a part of FOLM network. Folm Coin is also resource friendly digital currency, based on the “Masternode” approval system and using the “PHI1612 Crypto Algorithm”.
Masternodes are a powerful component of the FOLM network. Masternodes are 24 hours up computers that run a FOLM wallet with multiple functions such as coordinate mixing of coins, locking transactions with InstantSend and voting on budget funding.
When planning Folm, we designed a system where miners and masternodes could make more money. Masternode owners will earn not only the first year, but also have higher profits in the following coming years. The miners will have a stable win with ASIC and Nicehash-protected as well as less energy-consuming crypto algorithms. Most importantly, both masternode and miners, will have full income from transfers.
|Blocktime||120 seconds (2 minutes)|
|Reward||45 ( 30 POW + 15 MN )|
|Block Confirms for Mined Blocks||49 ( 98 Minutes )|
|Block Confirms for Send/Receive||10 ( 20 minutes )|
|Block Maximum Size||4 MB|
|Maximum coins||23.001.916 (POW) (Included premine)|
|Premine||1.136.956 (5% of POW)|
|Halving||Unique FOLM Supply Method for Every Year (*)|
|Default Port / RPC Port||53656 / 53654|
|Minimum Transaction Fee||0,0001 FLM|