FlorinCoin (FLO) is a scrypt-based mineable coin on its native blockchain. Scrypt proof of work is a kind of Hashcash proof of work that uses scrypt as underlying hash functions. The block time is 40 seconds. ForinCoin offers several features on its blockchain such as adding transaction comments. The transaction comments can be of 528 characters per transaction and can be used for mentioning important details about the transactions, records of payments, or a simple thank you note. ThisShow more [+] transaction comment feature can also be used to add unique unmined coins to the blockchain known as "color coins". These color coins can be distributed or transferred freely on the Florincoin network. The color coin can be used to represent the percentage share of an individual in a particular company. Florincoin uses proof of existence for processing the transactions.
The use case scenario for the FlorinCoin is in storing transaction data, decentralized social network and gaming video transcription. FlorinCoin blockchain also supports the Dapps.
FlorinCoin was developed by an anonymous member of Bitcointalk.org named skyangel.
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