FirstCoin is a cryptocurrency project that aims to provide its users with the first exchange rate protection program in the blockchain world through its FirstCoin Value Protection Program. Its blockchain seeks to compete with Bitcoin through its faster transaction speeds. The project will connect and support startups that they see as having potential and, with its Eco Sharing feature, will reward those who participate or invest in the startups’ crowdfunding process with shares. FirstCoin will soon partner with another cryptocurrency project that wants to create a worldwide ATM network where users can deposit and withdraw digital assets.
FirstCoin (FRST) is the digital asset of the FirstCoin blockchain that can be sent peer-to-peer between users, used to invest in startups, and used to power the blockchain’s Proof-of-Work and Proof-of-Stake technology.