Phore Blockchain is an ambitious, community owned and governed, distributed ledger technology (DLT) project. Our mission is to establish, strengthen and grow a community-based digital asset (cryptocurrency) and Blockchain ecosystem that forms the foundation of free and/or low cost, sustainable, decentralized commerce on a global scale.
With over 46% of all ICOs launched in 2017 having failed already, it is important to note that there was no ICO and no Premine of any coins. Thats right… NO ICO and NO Premine. This is unusual by today’s standards, and Phore is proud of the fact that it is completely self-funded and sustainable.
The project is aggressive with a vision that encompasses an entire ecosystem of software capabilities and decentralized applications (dAPPs) unlike most DLT/Blockchain projects currently in development.
The system is based on a Proof of Stake (PoS) Blockchain network that offers fast transaction speeds, utilizing the “PHR” currency, which can be either private or transparent. It offers rewards for network participation to holders of PHR, through a system of decentralized Masternodes and Staking. This system is more environmentally friendly than traditional Proof of Work (PoW) networks, and keeps the network decentralized and secure.
One key differentiator is the Phore Marketplace. The Marketplace gives PHR a real-world use as a platform to buy and sell goods and services. It is a free, decentralized application (dAPP) enabling e-commerce.
Buying and selling is live and active today. With no listing fees, or platform fees, Phore aims to compete with platforms such as eBay.com and Amazon.com by offering a more attractive, and profitable, platform for sellers. The Phore Marketplace application may be downloaded here: https://phore.io/marketplace/.
SegWit integration (live on our TestNet now), will launch this quarter (Q2, 2018) and offers additional security, faster transaction times, micropayment capability, and also provides a base for cross-chain Atomic Swaps and opens the possibility of a future Lightning Network. When Phore Blockchain goes live with SegWit, it will be the first and only pure PoS coin with Masternodes to integrate SegWit.
Decentralized Crowdfunding, which will begin testing this quarter and launch in Q3, 2018, will enable small business, artists, entrepreneurs and others the ability to gain funding for their ideas and help bring them to market. We plan to integrate this functionality into the Phore Marketplace.
Not much has been done with the innovation of Masternodes since Dash launched in 2014. Phore is going to change that with Programmable Smart Contract capability enabled through Masternodes. This feature will be added later this year, opening the door for countless internal and third-party application development, limited only by human imagination.
With our experienced team of developers, Phore also offers B2B Blockchain Services for companies interested in leveraging DLT technology in order to stay efficient and competitive.
Phore Blockchain is completely community owned, governed and funded, with the vision of developing one of the strongest and most flexible Blockchain platforms available.