Post
Topic
[ANN] Pigeoncoin (PGN) – a cryptocurrency network with a new X16S (shuffle) algo
by
lukepighetti
on 27/03/2018, 22:13:35 UTC
https://pigeoncoin.org/

Pigeoncoin pioneered the X16S (shuffle) algorithm and aims to complete an altruistic goal, to end data collection in social media as well as provide an opensource decentralised data layer platform for the development of decentralised community applications.
After many months of development, Pigeoncoin is now community operated. We are most active on Discord.

Our community board representatives (Discord names):

Luke Pighetti
Mr Sushi
Michael Oates
Neonnexus (John FR)
Tri
Nick Kliesen
assoil

BTC dev multsig address: 38oBuRdPkW4z8rv8U2LStueHDHYK5MvBtW


Coin Name: Pigeoncoin
Symbol: PGN
Founder: Luke Pighetti
Launched: 21st of March 2018
Coin Type: PoW
Algorithm: X16S (S = Shuffle)
Block Time: 1 minute
Block Reward: 5000 PGN (5% Goes to development fund)
Halving Schedule: Approximately every 4 years
Max Supply: 21 billion
Block Size: 1 mb (scalable)
Difficulty Adjustment Algorithm (DAA): Linear Weighted Moving Average (LWMA)
GPU Minable: Yes
ASIC Resistant: Yes
ICO: No
Pre-mine: No
Founders Reward: No
Masternodes: TBC (for infrastructure data layer)
Airdrops: No
Wallet Address Prefix: P
Wallets: Windows, Mac, Linux
Website: https://pigeoncoin.org/

Whitepaper: https://github.com/Pigeoncoin/brand/blob/master/X16S-whitepaper.pdf

Source Code: https://github.com/Pigeoncoin

Official Mining Pool: https://pool.pigeoncoin.org/
Roadmap: https://pigeoncoin.org/roadmap/
Statistics: https://pigeoncoin.org/stats/
Explorer: https://chainmapper.com/pgn

Discord: https://discord.gg/SZcf63h



Official Exchange: https://crypto-bridge.org/

Other Exchanges:
https://myqbtc.com/
https://safe.trade/

Important statement from our developers:

On Sep 26th Pigeoncoin was exploited by a known BTC bug that was made public the prior week, which allows one to be able to send duplicate unspent inputs when they mine their own block with such transactions. As a result, they were able to mine 3 blocks with these transactions in their block, which turned 5k PGN into 244M PGN. By the time the team and community was notified, it was too late to invalidate these transactions. Within 24 hrs the Dev team had patched and fixed the exploit, and as a community we decided not to rollback the blockchain to invalidate these transactions because of centralisation concerns from the community. The Pigeoncoin team and community take this as a learning opportunity to making changes in team/role structure to ensure we can minimize the chance of such an event from happening in the future.