Name: Pandanite Ticker: PDN Max supply: 100 million PDN Block Reward: 50 PDN Proof of Work (POW) Algo: Pufferfish2 - CPU/GPU "Twothirding" instead of halving - every 666666+1 blocks ASIC Resistant
About us: Pandanite (PDN) a new Proof of Work (POW) cryptocurrency, using ED25519 signing keys. Fast transactions, minimal and elegant code. It is written from the ground up in C++. We want the Pandanite source code to be simple, elegant, and easy to understand. Rather than adding duct-tape to an existing currency, we built Pandanite from scratch with lots of love.
Mining payments occur using the *thwothirding* algorithm, which yields a total final circulation of ~100M PDN: - 50 PDN per block until block 666666 - 50\*(2/3) PDN per block from blocks 666667 to 2\*666666 - 50\*(2/3)^2 PDN per block from blocks 2\*66666+1 to 3\*666666 etc.