Bitcoin alternative Franko (FRK) is making waves in the digital currency space; experiencing a huge value increase with price shooting up over 500% in the last week.

November 28th, 2013 /MarketersMedia/ -- In May 2013 new digital currency Franko (FRK) was announced on the Bitcointalk forum; an open source blockchain based digital cryptocurrency based on the Bitcoin protocol - designed to be fairer, faster and rarer than Bitcoin. The Franko protocol has a blockchain speed of just 30 seconds - ten times faster than Bitcoin. Franko has over 15 merchants accepting it as a payment method, and the currency is currently traded for Bitcoin on digital currency exchanges Cryptsy and Coins-E. As of the time of writing, 1 Franko (FRK) is currently trading for $1.37 USD per FRK equivalent in Bitcoin: this is an increase of over 500% in just a week. The project has an extremely active dev team and community: there is a Franko paper wallet and clients for Mac, Windows and Linux.

Franko has a diverse, robust and ever growing ecosystem; with an increasing number of FRK exchanges and services opening for business. Franko can be traded on Cryptsy and Coins-E, and users can purchase steam games, lotto tickets, web design, marketing, private investigators and more with their FRK. A neutral group of dedicated cryptocoin developers, merchants and members have banded together to form The Franko Collective. The Franko Collective includes many top developers in digital currency; committed to making the crypto community a safer, more profitable place for all. In addition, The Franko Collective does important charitable work, supporting causes like Folding@Home and CureCoin with direct contributions.

Franko was created by Christopher Franko, a 27 year old software developer living in Eastern North Carolina. Christopher Franko has been developing software for over 13 years and loves what he does. He has worked on many projects ranging from automation technologies, to a social network for poetry, to successfully developing software to migrate sensitive medical documents to a new more efficient system. After years of researching and gaining a profound understanding of the underlying protocol, Christopher realized he had the tools needed to help the world achieve financial freedom and thus Franko was born. When asked why he developed Franko he replied "I developed Franko because, at the time, I wasn`t satisfied enough with the alternatives being offered and felt like the world needed something more fair, more rare, and a lot faster. Waiting an hour to make a purchase wasn`t going to cut it."