Phore Whitepaper

Abstract

To succeed in today’s burgeoning blockchain ecosystem, relying on a onedimensional
approach to success is no longer a viable long-term option. The
market is saturated with coins that aim to accomplish little more than being a
medium of exchange with one or two additional features. Short of a new,
innovative technology, there is little potential to displace the large, legacy coins
that have assumed some of the highest market capitalizations. Nor is it necessary.
The vision of Phore Blockchain is to provide a platform that facilitates
decentralized commerce that is free to use and sustainable in nature. This vision
reaches beyond the core blockchain to include applications and ventures built on
top of the platform. An oak tree is a good conceptual model: Phore Blockchain is
grounded in sound technology, it is our legacy and the roots of our platform; a
system of self-governance in the shape of an independent network of masternodes
forms our trunk and provides stability; and the breadth of projects designed on
top of our platform, both realized and imagined, the crown of the tree. Phore
Blockchain thus encompasses all facets of the ecosystem we are creating, with
Phore coin (PHR) representing but one branch on the Phore Blockchain tree.

The Phore Blockchain will accord numerous capabilities, including but not limited
to:
● atomic swaps and side-chains,
● fast, scalable, secure, and reliable transactions,
● options for both private and transparent transactions,
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● rewards for participation in the Phore Blockchain network similar to
interest payments,
● decentralized marketplace,
● an advanced and flexible smart contract platform for building
decentralized applications (dAPPs) that can be used in conjunction with
private transactions, enabling new decentralized, privacy-enabled business
models that keep you in control of your money and your personal
information,
● initial coin offerings on the Phore Blockchain platform,
● crowdfunding fundraisers,
● custom blockchain creation and services,
● continued expansion and improvement in both the Phore protocol and
Phore Blockchain in general,
● widespread accessibility and ease of use.

Developments designed to bolster the Phore Blockchain ecosystem are already
underway (see Roadmap and Milestone sections).

Put simply, Phore Blockchain will be an ecosystem that continuously improve
the technology behind PHR, creates new and innovative applications, hosts a
decentralized marketplace, provides opportunities for crowdfunding, and offers
blockchain-related services to third parties, both public and private. The utility
of PHR, which touches all aspects of the ecosystem, will thus be manifold.
Our vision for Phore Blockchain is one of global adoption. Help us re-envision
the world.

Phore Website
Phore Whitepaper

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