Short description
PhaNtomX is a digital currency that uses X11 hashing algorithm and supports Masternodes. We consider that PhaNtomX will have an important place in the market economy of blockchain in the future. The coin is created without ICO, so everyone gets a fair chance to get a coin from the very beginning.Our purpose is to have a profitable, safe and anonymous coin. Our goal is not to compete with other cryptocurrency, but to provide solutions and support to users of our currency.
Abstract
We strongly believe that any decentralized payment system that wishes to achieve universal adoption and solidify itself as a viable global currency must be built in such a way that its very infrastructure inherently addresses and solves all aforementioned bottlenecks early on.Economically speaking, the recent exponential price appreciation of Bitcoin from under $0.01 to over $17k as of writing this paper clearly demonstrates an increasing global market demand for the solution that Bitcoin offers, however, we believe that until a comprehensive solution arises that fully answers the challenges faced by the Bitcoin network, a full capitalization of the global multi-trillion-dollar financial industry cannot be reached. With this philosophy and unmet market demand in mind, we have decided to create PHANTOMX.PHANTOMX is a community-driven, open source and fully autonomous cryptocurrency that places a strong emphasis on the very building blocks required to create a complete payment system: it is secure, anonymous, trustless, scarce and fungible with a very low-cost transaction profile. It is designed to embody all that Bitcoin as well as more advanced cryptocurrencies have grown to become as well as to capture the economic value that is thus far inhibited by the systemic constraints outlined above.