November 1, 2017
Dynamic Block Rewards 1.0
Integrated into Dash 12.1 as Pre-TestNet
About PHC:
PHC is a Pow/PoS/Masternode-based cryptocurrency to be used for affiliate opportunities, online marketing and decentralized currency exchanges.
What is Blockchain?
Bitcoin's security is based upon peer to peer consensus algorithms. A blockchain is a distributed database of transactions securely linked together using cryptography. Once a peer consensus is formed over the validity of the blocks on the chain, they become permenant and can't be altered.
What is mining?
Mining is when computers are set to generate blocks from the live transactions on the network.
Nodes verifying blocks on the network help secure it and are rewarded for their work.
What are Masternodes?
By investing into improving the PHC network infrastucture, you can earn up to 1000% APR (75% of network staking rewards)! 10,000 PHC collateral is required to run a full network node using a controller-slave dual wallet setup. This is an energy efficient alternative to mining with expensive equipment. Some of the special functions that these nodes perform are: Increasing privacy of transactions, Doing instant transactions, Participating in governance and voting, Enable budgeting and treasury system in cryptos. Masternodes are very attractive for crypto investors because of running a masternode you are earning a monthly or weekly interest on your crypto holdings.
Assisting new crypto-currency users get started with peer to peer profits.
What is staking?
If you mine coins, or purchase them - keep your wallet online with your coins available for staking.
This is similar to an interest account earning you daily returns for securing the P2P network. Trade your coins on an exchange or hold them!
How much are these coins worth?
Network hash-rates determine a large portion of the coin price, as well as difficulty. See Here to monitor the live-network. A general rule is to calculate approx how much electricity is used to generate a coin and increase that by a small profit margin.
A coin with long-term use qualities such as PHC, can also be considered a good store of value. Speculation can also be reflected by investors when trading based upon media, or technical improvements of the code base itself.
Hyper-inflation proof currency:
Because of the extra protections in place, enforced by the consensus protocol; It's very didficult to manipulate the market prices through Pump and Dump schemes.
Malicious users creating new coins from nothing through mining monopolies are no longer an issue, they can't crash the price like other coins in the past.
Genesis Date:
January 1, 2018
Algorithm
Scrypt
Max Supply
100,000,000 PHC (100 million)
Premine:
0 PHC
ICO:
0 PHC
Air Drop:
0 PHC
Block Spacing:
60 Seconds (1 minute)
Block Size (Max):
30 Megabytes
Difficulty Retarget:
2 Blocks
Dev Fee:
0%
Stake Min-Age:
1 Hour
Stake Max-Age:
Unlimited
Masternode Collateral:
10,000 PHC
Mining Reward Distribution:
100% to the miner
Stake Reward Distribution:
75% to Master-nodes while 25% to Staking wallets.
Stake Combime Threshold:
100 PHC (default)
Stake Split Threshold:
Stake Combine Threshold * 2
New Features:
Firewall, Dynamic Block Rewards, Dynamic Distribution, Chain Shield & Buddy, Dyanmic Checkpoints, TurboSync & ASIC Choker