Topic: [ANN] [POW] Promethium Chain PCM | NO ICO NO PREMINE PEOPLES MONEY - page 4. (Read 2394 times)

Still not working. You have to make the invite link permanent.

hi im interested in ur exchange,may i ask if u have a listing fee ?
cheers

The algorithm is brand new and we are finishing up the implementation as we speak we are also getting the miner preparations up.
It is a CPU/GPU minable algorithm. NO FPGAS and definitely NO ASICS.

If anyone wants to help with a miner or pool, feel free to contact me.
Thanks

Is it CPU Mineable at first?

what is miner?

Github repo active

fixed thanks

discord link not working

Add a permanent link to discord not the one which will expire

reserved!!

Repo is getting ready and it will be up in the next days.
This is after all a pre ann.
It's going to be open source everyone can look into the code and compile for themselves.
We just want to keep the implementation closed until this baby goes live.
For the mainnet launch, there will be a prior notice and a fixed date so everyone can participate in block 1.
Also please note that the discord is there for making proposals or adding something to the project.
We are open to questions suggestions and everything related to open projects.
Feel free to join and help this is a community project all the way.

https://discord.gg/GVaXWC

website/github is offline.

ty fixed

invite invaild

In nature, Promethium is a chemical element with the symbol Pm and atomic number 61. All of its isotopes are radioactive; it is extremely rare, with only about 500–600 grams naturally occurring in Earth's crust at any given time.

On-chain, the Promethium coin represents the people's money(PM) as it is based on fair distribution and steady inflation. Without a single coin pre-mined, no ICO or any other fundraising.

Promethium coin aims to be a global currency representing also as a store of value by unifying APIs, from virtual goods such as artwork, music, game items to 3rd party applications.

Mining:
We have chosen to implement a new proof of work algorithm called Promethium-Loaded-Hash (PLHash).
PLHash is very similar to a brand new approach to proof of mining algorithms by Jeffrey Emanuel * but with some differences.

We use only the 512 outputs and add reverse replication in two of the passes that are needed, the passes are  SHA256+rev, SHA512, SHA512, BLAKE2S+rev, BLAKE2B.
We also chose to do simple arithmetic on the final hash A+B-C*D/E instead of a multiplication of all the resulting hashes.
Forks may update the pool of math functions used(we will start the network with 100) that will make the production of ASIC machines impossible and will keep the network as decentralized as possible. More info on that on the medium article.
Our goal is to keep the mining in a decentralized manner and as much as possible more GPU friendly.

This mining algorithm along with the 51% protection (inspired by Horizen) and the node maturity engine, will ensure that the network stays attractive for our main target group which is the average user with a GPU that would like to create some value with his machine or interact with other users and trade value and stay safe from the known attacks.



Wallet:
Via the wallet that represents the core application of the chain, the user will be able to connect with other peers and transact or trade goods with safety via the provided APIs.
The user will be able to post offers or receive offers from other peers and interact on those via a secure escrow system handled by the smart contracts.
On top of that, an alias system unique for each user will be applied so that reviewing and rating can be applied to users(vendors).

In the first release of the wallet application trades will be only available for the APIs that the smart contract support and can evaluate.

With the addition of the sidechains, nodes will eventually be rated and have a maturity time on the network to ensure a healthy decentralized community. Honest nodes that will stay active over a threshold of time will have the ability to share the blockchain while newcomers will have to depend on the boot nodes and the honest nodes to get the chain data.
This will ensure that Sybil attacks are not possible and there will be no need to add master nodes to secure the chain later on.

Finally, a stable coin pair will be introduced in the second quarter of 2020 based on side chains, with the ability for every wallet to mint directly Promethium-Coin to Promethium-USD and Promethium-EUR (more pairs are planned) so that users can more convenient manage they're incomes and savings.