FairCoin is a global cryptocurrency platform that is “built for the 99%”. Together with FairCoop, a cooperative economic ecosystem movement, FairCoin has built a fair value exchange platform that aims to provide users with a safe, fair, and ethical experience. The FairCoin blockchain, which used to be based on the Proof-of-Stake consensus but now is built using a Proof-of-Cooperation consensus, allows for the quick and efficient transfer of value from peer to peer. Proof-of-Cooperation is a consensus very similar to that of the Proof-of-Stake consensus, except that transactions are confirmed by nodes in a round-robin manner. Monthly “assemblies” are held to facilitate the involvement of the community in strategy and decision making.
FairCoin (FAIR) is the digital asset of the FairCoin blockchain that is used to reward nodes and can be sent peer-to-peer.