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    • Introduction

    What is Phore?

    Phore is a digital privacy cryptocurrency with a focus on sustainable development and growth. Phore uses Proof of Stake and Masternodes to secure the network and provide for a deep level of privacy and security. Phore has relatively fast block times compared with Bitcoin and low transaction fees.

    Coin Information
    Block Target 60 seconds
    Transaction Fee 0.0001 PHR per kB
    Block Maturity 50
    PoS Reward 2.8 PHR
    Masternode Reward 4.2 PHR
    Masternode Collateral 10,000 PHR

    History

    Phore is a digital privacy cryptocurrency, an update and rebrand of KryptKoin (KTK) which was pre-announced in May 2014, and whose distribution started on the 21st May 2014. Kryptkoin was a non-premined coin, distributed equally to people who qualified for a stake. In total, 500 stakes were distributed in 2 stages. Bonus KTK was given to those who held for 30 days. There was no ICO, and no dev premine. The developer received 1 stake, the same as every other stakeholder received. Following launch, Kryptkoin quickly developed a large following and introduced an online marketplace in 2015, which included Paypal integration where digital items such as Wordpress themes and physical items such as clothes were both listed and bought. To facilitate new features, the existing code needed to be rewritten from scratch. This required a swap from Kryptkoin to the new Phore. A two-month window was given to existing KTK holders to swap their coins for new Phore on a 1:1 basis.

    Team

    The coin has a strong and committed team:

    We will hire more staff and developers to strengthen our team as the Phore expands and evolves.

    Roadmap

    Phore is a restless currency. The key challenge going forward is to introduce real-world use which attract everyday people. In order to achieve this, Phore will implement advanced features to clearly differentiate Phore from other privacy based digital currencies. A number of these will add to the functionality and strategic integration of the online marketplace, which will be built on the current foundations of Phore. Governance will determine many of the goals going forward to keep the currency decentralized, but a decrease in Master node rewards per block is expected to decrease inflation.

    Short Term (Q3 - Q4, 2017)

    Medium Term (Q1, 2018)

    Medium to Long Term (Q2-Q4, 2018)

    The Phore Foundation will invest in projects to help them reach market and then reinvest profits in further projects. It is envisioned that ultimately 5-10% of the projects on the marketplace will be taken up by Phore Lab projects. The Phore Foundation will actively seek out projects to support. These will be sourced from individuals, universities, start-ups, and cooperatives around the world who have the capacity improve the lives of others. Investments will be made in the form of Phore currency, and participants will sell exclusively through the Phore marketplace online for a fixed minimum period before being allowed to sell their product locally offline.

    Long Term (Q4, 2018 and beyond)

    Masternodes

    Masternode definition.

    Vultr VPS Server Guide

    What you will need:

    Register an account with Vultr. Once you’ve done that, can create your first server



    Select server location, have multiple options to choose from. All are perfectly ok.





    Next server type: Select Ubuntu 16.4 x64





    Server size, select the $5/mo option





    You can setup a SSH key so you don’t need to use the password every time to login to the server. But to keep things simple for the moment we are just going to use the standard password given after the server is ready.

    Last thing server hostname & label



    Next we’re going to install PuTTY while the server is being setup. Download from here: http://putty.org

    Once you install that, back to our Vultr account to grab the login details. Now open PuTTY to add the server



    Enter the IP address in the Host Name, and enter the server name to Saved Sessions. Click save.

    Click the open button. Now the console has opened, click yes.



    Then enter your server login details provided in your Vultr account.

    Now you cannot ctrl+V to paste in the console. Either right click on mouse or shift+insert (sometimes on keyboard it will just be INS key)

    User: root

    Password: when you paste it will not display. So don’t try and paste again. Just paste once and click keyboard enter.

    Now the first thing we are going to do are a few updates to the server and install the required dependencies for the wallet to run…

    Run these commands in order, one at a time:

    sudo apt-get update

    sudo apt-get upgrade

    sudo apt-get dist-upgrade

    sudo apt-get install nano htop git

    sudo apt-get install software-properties-common

    sudo apt-get install build-essential libtool autotools-dev pkg-config libssl-dev

    sudo apt-get install libboost-all-dev

    sudo apt-get install libminiupnpc-dev

    sudo apt-get install autoconf

    sudo apt-get install automake

    sudo add-apt-repository ppa:bitcoin/bitcoin

    sudo apt-get update

    sudo apt-get install libdb4.8-dev libdb4.8++-dev

    Now we have server updated and all the dependencies installed we can move on to the next part and that’s installing a firewall…

    apt-get install ufw

    ufw allow ssh/tcp

    ufw limit ssh/tcp

    ufw allow 11771/tcp

    ufw logging on

    ufw enable

    Check your firewall status using the following command:

    ufw status

    Onto the next step, setting up a swap file… Again just follow each one in order:

    cd /var

    sudo touch swap.img

    sudo chmod 600 swap.img

    sudo dd if=/dev/zero of=/var/swap.img bs=1024k count=2000

    mkswap /var/swap.img

    sudo swapon /var/swap.img

    sudo free

    sudo echo "/var/swap.img none swap sw 0 0" >> /etc/fstab

    cd

    reboot

    After the reboot you will need to log back into the server. Once you login again, let’s install and compile the Phore wallet…

    sudo git clone https://github.com/phoreproject/Phore.git

    chmod +x Phore/autogen.sh

    chmod +x Phore/share/genbuild.sh

    chmod +x Phore/src/leveldb/build_detect_platform

    cd Phore

    sudo ./autogen.sh

    sudo ./configure

    sudo make

    sudo make install

    cd src

    mv phored phore-cli phore-tx ~/

    cd

    Now if you plan to setup multiple masternodes, we can go back to our Vultr account and create a snapshot of the server we just setup. It will save us time, no requirement to compile again. Unless we have a wallet update, then need to start from scratch again for any new MN’s and update the ones already running.

    If you only intend to run one MN, run this command to remove the Phore source files, as they are no longer required.

    rm -rf Phore

    Let’s fire up the daemon on the server, it will give us an error about missing rpc password. We will come back to this later.

    phored -daemon

    Next if you intend to run multiple masternodes we can create the snapshot. Skip this if only intend to run one mastermode.



    Click add snapshot and select the server from the dropdown and add a label. Click take snapshot



    This will take a while, grab a cup of tea! :)

    Once it’s finished we can continue…

    Step 1

    We can fire up the qt wallet on your local computer. Generate a new address

    Enter a label and click Request payment button.

    Copy the address



    And now go to the send tab

    Enter the copied address and send exactly 10,000 PHR. No more, no less in a single transaction. Wait for it to confirm on the blockchain.



    Now create a new .txt file on your computer, to store the date used for the masternode

    Can use this format:

    MN Label:
    Collateral address:
    Masternode Key:
    Public IP:
    MN conf line:

    Go to the [Tools > Debug Console] and enter these commands below:

    Step 2

    masternode genkey



    Copy that into into the .txt file. Masternode Key

    Step 3

    masternode outputs

    Raspberry Pi Guide

    test

    Error