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PHS

Philosopherstone

Algorithm:

What is Philosopherstone?

Philosopherstone (PHS) – a fork of DiamondCoin, with several algorithms fixed and improved. It is descendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message), is launched! No Premine!

There were a couple of new PoW/PoS coins launched recently, most have problems with PoS generation. Either we see zero-coin PoS blocks generated, or the generation is not accurately reflected in desired PoS percentage. In Philosopherstone we fixed these issues, and after 5-10 days the PoS blocks will be generated reflecting the precise interest rate defined by the coin (in this case 50% annual interest or 3.44% monthly interest). Proof of stake coin is more secure and is much more resilient to 51% attack.

Philosopherstone provides annual interest rate of 50%, for stakes that are not moved during the period. This equivalent to 3.44% monthly interest. PoS blocks will be generated if the stake is held for more than 5-10 days.

 

Release date: July 28th, 2013

Specifications

  •  Each normal block has 64 Philosopherstone
  •  2 minutes block time
  •  Difficulty retargets every block
  •  Mining payout will be halved every 3 months (or every 64800 blocks)
  •  Expected total mined coins will be 8,891,840 Philosopherstones
  •  4 confirmations for transactions
  •  50 confirmations for minted blocks
  •  Support transaction message
  •  Maximum number of Philosopherstones to be generated is 2 billion
  •  Random bonus blocks are (on average):
  •  1 superblock of 512 Philosopherstones every day
  •  1 superblock of 128 Philosopherstones every hour (24 such blocks per day)
  •  When getting superblocks, different images will displayed, so it is easy to see.
  •  The default ports are 16281(Connect) and 16282(RPC).

CoinChoose info

Current Blocks193527
Difficulty21.70976625
Reward32 PHS
Network hashrate858456983 H/s
Adjusted ratio9543.85488614 % BTC
Avgerage Profit6694.250932362777 % BTC
Avgerage Hash858456983.0000 H/s
ExchangePrice

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