Phoenixcoin (PXC)
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.
Wallet
Phoenixcoin Wallet
In order to use Phoenixcoin, you need some client software also known as digital wallet. It maintains a local copy of the Phoenixcoin block chain where all transactions are stored, allows you to send and receive coins as well as to check your balance at any moment. It makes your computer a part of the Phoenixcoin network and communicates with the other network members also known as peers. Phoenixcoin is a decentralised currency, so there is no central authority to supervise it. Peers control the operations by global consensus. Every peer is a master of his own.
Resources
Phoenixcoin Block Explorer (alternative)
Phoenixcoin can be mined and traded on many sites.
About
Phoenixcoin was released in May of 2013 as a further development of Litecoin.
Phoenixcoin Wiki
Current Specifications:
NeoScrypt (N = 128, r = 2, p = 1, etc.)
~98 million total coins
block target is 1.5 minutes
block reward is 25 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
