ANN: Phicoin (PHI) - The PoW High-Performance Infrastructure 🚀Phicoin (Φ) is ushering in a new era for Proof-of-Work (PoW) cryptocurrencies with the
official launch of its mainnet. This marks the beginning of a fully decentralized, miner-led blockchain designed for fairness, decentralization, and high performance. With our innovative Phihash algorithm, we are building a high-performance blockchain infrastructure for sustainable mining rewards.
Join the mainnet today to experience the future of decentralized mining at its best!
🌟 Phicoin Background, Mission, Vision, and Technical Highlights
Blockchain OverviewPhicoin is a high-performance cryptocurrency based on the Proof-of-Work (PoW) mechanism. It is designed to address the challenges of centralization and outdated hardware in the cryptocurrency mining space. By leveraging an innovative mining algorithm called Phihash, Phicoin aims to provide a fair, decentralized, and robust blockchain infrastructure for all participants.
Key Features of Phicoin Blockchain1. Decentralization and Fair Participation-
ASIC & FPGA Resistance: The Phihash algorithm combines the Ethash cache structure with the randomness of KawPow/ProgPow, effectively increasing resistance to specialized mining hardware.
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Memory Requirements: With a minimum memory requirement of 4GB, outdated GPUs used in large-scale mining farms are excluded, encouraging participation from modern consumer-grade GPUs.
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Floating-Point Computation: Incorporates FP32 logic computation, optimizing performance on GPUs and ensuring fairness for everyday users.
2. Blockchain Specifications-
Genesis Block: The Phicoin genesis block was created on
November 16, 2024, with the embedded message:
"The Times 11/06/2024: Donald Trump wins US election 2024 to become 47th president."
This marks a historic moment, as we believe Trump will usher in a new future for cryptocurrency.
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Block Time: 15 seconds
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Block Size: 4 MB
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Transactions Per Second (TPS): 1,092
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DAG Size: Greater than 4 GB, increasing by 25% annually
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Halving Model: Yearly halving for the first two years, followed by fixed block rewards.
3. Mining Algorithm: PhihashPhihash introduces several innovations to improve security and fairness:
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Randomness: Utilizes the Permuted Congruential Generator (PCG) to ensure unpredictability in mining.
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Efficient GPU Utilization: Adds FP32 logic to fully utilize modern GPUs for higher mining efficiency.
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Dynamic Difficulty Adjustment: Ensures stable block production and network stability.
4. Scalability and Performance- With a block time of 15 seconds and block size of 4 MB, Phicoin can handle up to 1,092 transactions per second (TPS), making it suitable for modern financial applications.
- The gradual increase in DAG size aligns with GPU advancements, phasing out outdated hardware and maintaining network efficiency.
Mission and VisionPhicoin's mission is to:
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Ensure Decentralization: Enable fair participation for everyone, from gaming PC users to small-scale miners.
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Build High-Performance Infrastructure: Support scalable and secure blockchain applications.
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Promote Sustainability: Create a dynamic ecosystem that evolves with technology advancements.
TokenomicsPhicoin adheres to the principles of fair distribution:
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Mining Rewards: - Year 1: 5 Φ per block.
- Year 2: Halving to 2.5 Φ per block.
- Post-Year 2: Stable rewards of 2.5 Φ per block.
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Inflation Control: A structured emission schedule ensures long-term sustainability and controlled inflation.
Start Mining Today!Join our mining pools:
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PPLNS Pool: https://pool.phicoin.net -
SOLO Pool: https://pool.phicoin.netDownload the official
PhihashMiner software here:
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PhihashMiner ReleasesExplore Phicoin with our blockchain explorer:
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Explorer: https://explorer.phicoin.netFor developers, visit our open-source codebase:
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GitHub: https://github.com/PhicoinProject
Be Part of the Phicoin Revolution!Phicoin is more than just a cryptocurrency—it is a movement to bring fairness, decentralization, and innovation to the forefront of blockchain technology. Join us on Discord, Telegram, and X for the latest updates, and don't miss out on our upcoming
airdrop event!
Social Media: -
X: https://x.com/PhicoinNet -
Discord: https://discord.gg/phicoin -
Telegram: https://t.me/phicoin_officialTogether, we can build a decentralized, fair, and inclusive future.
Start mining Φ today!