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December 23, 2024· arXiv
preprint
Open access

PHICOIN (PHI): The Proof of Work High-Performance Infrastructure

Authors:Guang YangPeter TrinhSannan IqbalJustin Zhang

Abstract

PHICOIN (PHI) is a high-performance cryptocurrency based on the Proof-of-Work (PoW) mechanism. It aims to provide ordinary users with decentralized participation opportunities through an improved and innovative mining algorithm and fair design principles. PHI addresses the challenges of centralization in cryptocurrency mining by enhancing resistance to ASIC and FPGA devices and promoting fair participation. This paper outlines the technical specifications, mission, and roadmap for PHI, highlighting its potential to become a foundational infrastructure for PoW cryptocurrencies.

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