Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PHL] Placeholders – x16r PoW/No Premine/Decentralized AWS/Google Cloud
by
bullionxpress
on 08/10/2020, 03:17:34 UTC
We started with a SHA256 algorithm. It was clear that our chain was being stalled by miners who would drive the hash through the roof while it was easy and then pull their hash as it got close to 2016 block difficulty adjustment
 
This caused our chain to stall. We decided as a a community to fork to x16R and implement dark gravity waves to keep the chain moving.

When we did our fork, we took a snapshot of all of the wallet balances and redistributed those balances for a new genesis block.

We forked again when we made changes to the supply curve  as it was clear that supply > demand. We now have the utility mto have a balance which is why our coin has not stopped to 1-2 SATs

Our explorer was just upgraded and is still synchronizing.
Thank you for the question.