Just a quick update there is a new client for PXC PhenixCoin You can get the new client here.
http://phenixcoin.com/ - Block Target is 50 seconds
-Block reward halfed every 840k blocks
-168 million total coins
-50 coins per block
-Difficulty changes every 108 blocks
** PLEASE UPDATE YOUR CLIENTS BEFORE BLOCK 69444 **
Thanks
John
You kept the 50 coins per block while reducing the average time between blocks ?
This means coins will be generated faster now and the coins accumulated so far will thus be devaluated by the same ratio
(almost 2x)
Not a nice move for people who sticked to pxc from the beginning
Also what motivated the reduction in the block time ?
90 seconds was quite low already, I have doubts in the network security with such a low value (decreasing the target time ease various kinds of attacks)
Last but not least, I understand why you want to reduce the difficulty adjustment, but without any kind of moving average / continuous adjustment, decreasing this facilitates gaming with the difficulty and thus greatly reduces the security.
(If you happen to control a sizable fraction of the hash-power, by moving in and out at the right time, you can artificially increase / reduce the difficulty, and use the low difficulty cycle to conduct attacks)
In my opinion, the move with the target time and difficulty retarget are quite dangerous for a coin that has a rather low dedicated hash-power.
For the coin generation rate, this is simply a silly move ... should have reduce to 50/(90/50) ~= 27.7 coins per block
(but better not touch the block time anyway)
