All the things you wanted to know about Bitcoin and the other cryptocurrencies

Fantomcoin: CN based, anonymous, CPU only

5.44K 0

Fantomcoin: Cryptonote based altcoin, launched 05.06.2014

Coin specifications:

– PoW algorithm: CryptoNight (64-bit CPU-only);
– 60 sec blocks;
– emission curve 22 => 50% coins will be emitted in 6 years;
– block reward decreases according to the formula (264 – 1 – A)*2-22*10-12 where A = supply mined to date;
– difficulty retargets every block;
– merged mining with Bytecoin (BCN) or BitMonero (BMR). New blockchain needs no additional hashpower – it uses Bytecoin/BCN or BitMonero/BMR blocks or shares as PoW. Miners are free to choose “donor” chain they like. In case other chains based on CryptoNote will appear they also can be used as “donor” chains. This way I expect that new chain will have more hashpower than both BCN and BMR.

Fantomcoin cryprocoin cover

Leave A Reply

Your email address will not be published.

Related Articles