Phore $PHR

Phore is a groundbreaking blockchain-based project offering a decentralized marketplace, crowdfunding services, and both public and private blockchain services. Its robust infrastructure is underpinned by a range of innovative technologies and anchored by the PHR utility token. Phore's blockchain system operates on the Proof of Stake (PoS) protocol, rewarding users based on their platform activity and their stake size.

Phore: A New Player in the Cryptocurrency Field

Phore is a relatively new entrant to the crypto market, having risen from the demise of KryptKoin in 2017. It made substantial strides in recent years, most notably integrating the Phore Blockchain into its marketplace. One of its main goals for the near future includes the activation of Segregated Witness.

Proof of Stake Mining and Masternodes

Phore's PoS protocol awards 2.8 PHR every 60 seconds for every block owned by a user. The system employs masternodes to bolster security within the Phore network. Users need a minimum of 10,000 PHR to enable these masternodes, with the setup process necessitating only a Virtual Private Server (VPS) and a PC. The masternodes lend additional security to the funds, even when the wallet is offline.

Future Targets and Community

The first quarter of 2018 saw Phore working towards the development and release of web and Android wallets, aiming to improve PHR accessibility. The team has plans for continual wallet and core upgrades throughout the year, and also aims to create an automated setup for masternodes. Despite its relatively recent entry into the market, Phore has built a strong community of dedicated users, and the varied services it offers point to a promising future growth and expanding user base. With a skilled team led by CTO Moonshot and young developers like Julian Meyer, Phore represents a promising investment opportunity.