Fantomcoin

CryptoNote currencies announcements and official reviews

Fantomcoin

Postby amphibian » Wed May 07, 2014 9:59 am

1. Fantomcoin
2. FCN
3. http://fantomcoin.org
4. https://bitcointalk.org/index.php?topic=585611.0
5. https://github.com/amphibia/fantomcoin
6. Specifications:

* A fork of Bitmonero
* PoW algorithm: CryptoNight (64-bit CPU-only)
* Emission curve 22 => 50% coins will be emitted in 6 years
* Difficulty retargets every block
* 60 seconds block target
* Block reward decreases according to the formula (264 - 1 - A)*2-22*10-12 where A = supply mined to date
* Merged mining with Bytecoin (BCN) or Bitmonero/Monero (BMR)
* GUI-miner available

7. Details:

Main advancements: Merged Mining and Gui Miner.

* Changed format of blocks so all of them accept proof-of-work of the donor-network.
* Added console miner and gui miner for merged mining
* The miner doesn't require any extra work for merged mining compared to its usual work.
amphibian
 
Posts: 3
Joined: Wed May 07, 2014 9:45 am

Re: Fantomcoin

Postby Catherine_Erwin » Thu May 08, 2014 12:08 pm

Thank you for submitting a new coin. The ideas implemented are interesting.

Merged mining was the issue that has been intensively discussed by the team, but we didn't see an immediate application at that time. We believe it to be a promising experiment as the user gets both mined currencies. Ideally, it will enable higher crypto-security of FCN. Moreover, this is a way to test various hypotheses on merged CPU-mined coins. That is why we are positive towards Fantomcoin.

GUI miner is a crucial way to spread the word and help the experiment and the currency prosper.

However, we need to take our time to study the technology and give you the opportunity to grow the user base before we finalize our review.
Catherine_Erwin
 
Posts: 102
Joined: Wed Mar 26, 2014 3:28 pm

Re: Fantomcoin

Postby Catherine_Erwin » Mon May 12, 2014 12:53 pm

We have reviewed the code and the merged mining technology. We believe that it is a valuable contribution to the CryptoNote development. Thus, we are going to officially announce Fantomcoin as a CryptoNote coin.

Could you also submit the 50x50 px logo of the coin so that we add it to the website?
Catherine_Erwin
 
Posts: 102
Joined: Wed Mar 26, 2014 3:28 pm

Re: Fantomcoin

Postby amphibian » Thu Jun 19, 2014 12:35 pm

Hey,

Image submitting FCN logo.

Cheers.
amphibian
 
Posts: 3
Joined: Wed May 07, 2014 9:45 am


Return to Announcements

Who is online

Users browsing this forum: No registered users and 3 guests