Phoeniχcoin: An ERC223 Token Mined Through Proof-of-Volatility
17 Pages Posted: 22 Mar 2018 Last revised: 29 Mar 2018
Date Written: March 13, 2018
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
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