Phoeniχcoin: An ERC223 Token Mined Through Proof-of-Volatility

17 Pages Posted: 22 Mar 2018 Last revised: 29 Mar 2018

Norsefire

Independent

ToCsIcK

Independent

Date Written: March 13, 2018

Abstract

This paper introduces the underlying mechanics and interface for PhoeniχCoin (PHX), an Ethereum ERC223-compliant cryptocurrency. The supply of PHX tokens is tied directly to the Ethereum balance of the smart contract underpinning the ‘EthPhoenix’ decentralised application, and mined using a novel, generalisable technique we refer to as proof-of-volatility.

Keywords: Ethereum, Cryptocurrency, Blockchain, Volatility, Mining

JEL Classification: C00

Suggested Citation

Norsefire and ToCsIcK, Phoeniχcoin: An ERC223 Token Mined Through Proof-of-Volatility (March 13, 2018). Available at SSRN: https://ssrn.com/abstract=3140310

Norsefire (Contact Author)

Independent ( email )

No Address Available

ToCsIcK

Independent ( email )

No Address Available

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