Year: 2024
Type: preprint
Abstract: PHICOIN (PHI) is a high-performance cryptocurrency based on the Proof-of-Work (PoW) mechanism. It aims to provide ordinary users with decentralized participation opportunities through an improved and innovative mining algorithm and fair design principles. PHI addresses the challenges of centralization in cryptocurrency mining by enhancing resistance to ASIC and FPGA devices and promoting fair participation. This paper outlines the technical specifications, mission, and roadmap for PHI, highlighting its potential to become a foundational infrastructure for PoW cryptocurrencies.
Source: arXiv (Cornell University)
Authors: Yang, Guang, Trinh, Peter, Iqbal, Sannan, Zhang, Justin
Institutions: University of California, Berkeley, Yale University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
Funder: Nvidia
OpenAlex ID: W4405783587