Ford Coin is a peer-to-peer electronic cash system. It is a decentralized, permissionless digital cryptocurrency that operates without a trusted third party or central bank. Ford Coin is a network currency based on peer-to-peer technology and is an open-source software project under the MIT/X11 license. It enables users to make instant payments to anyone in the world. Similar to Bitcoin in its technical implementation, Ford Coin provides a perfect technical upgrade to Bitcoins transaction speed, anonymity, and security.