standard scrypt (N = 1024, r = 1, p = 1, etc.)

~98 million total coins

block target is 1.5 minutes

block reward is 50 coins

block reward halves every 1 million blocks

retargets every 20 blocks (~30 minutes)

2% 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

Cryptocurrencies use peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of coins is carried out collectively by the network. Almost all of the crypotcurrencies are open-source; Their design is public, nobody owns or controls coins and everyone can take part. Through many of their unique properties, Cryptocoins allow exciting uses that could not be covered by any previous payment systems.

Some of the great features of them are,

1. Instant Peer to Peer Transfer

2. Worldwide transfer with in minutes.

3. Very low transaction fees.

As a new user, you can get started with Phoenixcoin without understanding the technical details. Once you have installed a phoenixcoin wallet on your computer, it will generate your first Phoenixcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Phoenixcoin addresses should only be used once but it's on the user if he wants to keep using the old address or not.

The block chain is a shared public ledger on which the entire Phoenixcoin network relies. All confirmed transactions are included in the block chain. This way, Phoenixcoin wallets can calculate their spendable balance and new transactions. The integrity and the chronological order of the block chain are enforced with cryptography. [REMOVED BY MODERATOR] allows you to navigate the Phoenixcoin's blockchain.

A transaction is a transfer of value between Phoenixcoin wallets that gets included in the block chain. Phoenixcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 2 minutes, through a process called mining. All the transaction are irreversible and can't be undone.

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. As a reward miners can collect transaction fees for the transactions they confirm, along with newly created Phoenixcoins. Mining is a specialized and competitive market where the rewards are divided up according to how much calculation is done.

Trading is the process of selling and buying your coins. Trading can be done on Cryptocoin Exchanges where people can buy and sell. Currently [REMOVED BY MODERATOR] are the two Exchanges that offer variety of Cryptocoins to be Exchanged against Bitcoin(BTC) & Litecoin(LTC). Once you get Bitcoin or Litecoin you can then trade them to USD or EUR using [REMOVED BY MODERATOR]

In Short Trading is the life of these coins because this is the reason they even exist and have some value.

To see the average trading vale of various coins see this site. [REMOVED BY MODERATOR]

The Market behaviour is directly proportional to the developement of the coin. If the coin developers keep developing new services for it people start investing in the coin thus making the price rise. But when there is no or slow developement with no big goals people start moving away and selling there coins that makes the prices to sink down. In short prices completely depend on the interest of people.

Now you must be thinking that why the hell I am posting all this stuff here. Lets come straight to the point now. Phoenixcoin Team currently is focusing on developing a game that utilizes the coin as an in game currency or credit. We have yet to decide that what type of game we need but it must have a system where people can challenge each other using the coin, It must also have a tournament system where we can have weekly tournaments. I think most probably it would be an online racing game or it could also be an FPS.

We currently don't have any game developer and also have no experience in game industry. We are looking to make a team of game developers that will include Programmers, 3D Modelers, Graphics Designer, Animator, Musician, and others as per requirement. Experienced Developers are preferred but there is no restriction for developers that are relatively new and wanting to build their portfolios.

This is not a paid project but it will definitely pay off if we work hard together. We will be able generate revenue through the fee that will be implemented on the transactions which will take place in side the game. We will buy all the necessary softwares required for the game as per the advise of our team to make the project as easy and fast as possible. Eventhough we are not paying in $$, we will still be paying you in PXC at the end of project so that you can have a profit out of it too. Keep in mind that after the completion and successful release of this project the coins can be worth more then they are now. This coin has a potential to have a price of above 1$ per coin. A great example of this is Megacoin(MEC) which was 1 cent per coin five months ago but know it is near to 1$.

We will be setting up a fundraising thread at [LINKS REMOVED BY MODERATOR] so that people who are invested in PXC can donate for development of the coin.

Just download the wallet and post your PXC wallet address here and you will get 2 PXC to try how this all works. We will help you in learning more.

PXC address looks something like this PiMThaAFshQB6WA3cujWAVVNxCqudU5bPb

Download the appropriate version as per your computer's Architecture.

1.After you have downloaded the wallet's zip file extract it to any where you like.

2.Execute the phoenixcoin-qt.exe and wait for the wallet to sync with the network and download the complete blockchain. it can take upto 30 mins on a 1mbps connection.

3.After the wallet has synced click on the Receive coins tab. Here you will see your wallets address. Copy paste it here and wait for me to send the coins to you.

4.Go to the links I mentioned above and do what ever you want with them. In short Enjoy the 2 free PXCs.

5.Get back to work now.

Have some questions? Just ask them here and they will be answered right away.

I am not a native English speaker.