FirstCoin (FRST)

FirstCoin (FRST) is a Scrypt-based proof-of-work cryptocurrency that operates on its own independent blockchain. The project aimed to build a community-driven digital currency with a fixed maximum supply of 110 million FRST. Like Bitcoin, FirstCoin uses the Scrypt hashing algorithm, which was designed to be more memory-intensive than SHA-256 and accessible to a broader range of miners.

FirstCoin has a maximum supply capped at 110 million FRST, with approximately 31.2 million coins in circulation. The network is secured through proof-of-work consensus, where miners compete to add new blocks to the FirstCoin blockchain in exchange for FRST rewards. The project maintained a public block explorer at explorer.firstcoinproject.com to allow users to verify transactions and check network activity.

The original website at firstcoinproject.com is no longer controlled by the FirstCoin project. The domain has been repurposed and redirects to unrelated websites, indicating the project is inactive or abandoned. The GitHub repositories associated with the project remain accessible at github.com/firstcoin and github.com/firstcoinofficial. Historical price data and blockchain statistics for FRST remain available on Blockspot.io.