a decentralised open source digital currency
Designed and crafted with open source ideas in mind, Phoenixcoin is a digital currency for everyone. It doesn’t depend upon very expensive hardware and can be mined successfully with popular computer video cards or processors. It is also a fast and reliable way to send money worldwide.
Phoenixcoin is developed with a high level of transparency and community involvement to embrace the most advanced technology. Anyone can contribute to the development. Every little thing matters.
Phoenixcoin was released in May of 2013 as a further development of Litecoin. In July of 2013, Phoenixcoin together with Feathercoin and Worldcoin established the UNOCS (United Open Currency Solutions), an alliance aimed at joint development and promotion. Unfortunately, the alliance fell apart later due to poor development and project management.
Current Specifications:
NeoScrypt (N = 128, r = 2, p = 1, etc.)
~98 million total coins
block target is 1.5 minutes
block reward is 50 coins
block reward halves every 1 million blocks
retargets every 20 blocks (~30 minutes)
+2% to -5% max. change on every retarget
advanced averaging: 100 + 500 blocks 0.1 damped
advanced checkpointing against 51% attacks
the default P2P port is 9555, RPC port is 9554
Guugll Search
http://www.guugll.eu/phoenixcoin-pxc/
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