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README.md

Phore Core integration/staging repository

Build Status

Phore is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.

  • Anonymized transactions using zerocoin technology
  • 100% Proof of Stake 3.0 Consensus protocol, allowing very low transaction fees and energy expenditure, and staking rewards to all participants in the network
  • Masternode technology used to secure the network and provide the above features, each Masternode is secured with collateral of 10K PHR
  • Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

17.6M phore was produced for swapping. 500k were mined 1-200 blocks to bring that amount to 18.1M PHR, the amount needed for the swap.

Since then, the Phore repository has been rebaselined to show the fork relationship properly.

BCT Thread

https://bitcointalk.org/index.php?topic=2307909.0

Rebrand from KryptKoin [KTK] to Phore [PHR]

Coin Specs

AlgoQuark
Block Time60 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply (PoS Phase)Infinite

PoS Rewards Breakdown

Block HeightRewardMasternodesStakers
<= 775,6007 PHR4.2 PHR2.8 PHR
775,601-1,043,9994.5 PHR2.7 PHR1.8 PHR
1,044,000-1,562,3983.6 PHR2.16 PHR1.44 PHR
> 1,562,3992.7 PHR1.62 PHR1.08 PHR

The Phore development budget is up to a maximum of 3 PHR per block, paid out based on approved proposals as voted on by the Phore masternode owners through the community governance process.

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