Placeholders (PHL) – A New X16R Crypto for Decentralized Marketplace for Distributed Computing Resources

18 Dec

There is a relatively new ambitious project called Placeholders (PHL) that is aiming to create a Decentralized Marketplace for Distributed Computing Resources to serve as an alternative to Google Cloud and Amazon Web Services. Placeholders’ blockchain utilizes the so called “artifacts” as placeholders, which is custom data stored in the blockchain to enable complex computing operations. These complex computing operations will be provided by Placeholders wallet users who rent their local computing resources (CPU/Hard-drive/RAM) to buyers who are willing to pay in PHL for the resources to be utilized as a virtual private server (VPS) in the cloud. Do note that as usual with new projects that do not yet have a full working platform for what they are promising t be delivered there is a risk involved!

Placeholders is a work in progress that seems to be forked from Ravencoin (RVN) using the same algorithm for mining the PHL coins that will be used by the project’s decentralized marketplace for payment for the distributed computing resources, though it seems that a different algorithm was used for a while before forking to X16R. The project has just recently been started, so the full functionality for the platform is far from ready, though it does seem promising if the team manages to implement their plans in reality. The block reward for mining is 5 PHL, decreasing emission over time to limit inflation, halving after first 90 days and then the emissions will be reduced every 90 days at decreasing rate throughout the future of the blockchain. The maximum supply for the Placeholders is 10,500,000 PHL with no pre-mine, dev-fee or something like that and the coin is already listed on an exchange for people not interested in following the project development over time, but just want to be mining and selling the coins.

For more information about the Placeholders (PHL) project check the Bitcoitalk announcement…

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2 Responses to Placeholders (PHL) – A New X16R Crypto for Decentralized Marketplace for Distributed Computing Resources


December 19th, 2018 at 01:30

Great project, dev team is extremely skilled


December 19th, 2018 at 15:38

Thank you for the info. This is an extremly ambitious project, I doubt that it will ever come to fruition, but just in case I am throwing 100 Megahash/s at it, showing some support. Ambition is greater than soulless moneygrabbing copy-pasting, even though this looks very similar to a Raven copy paste after all. And Raven is just another soulless Bitcoin copypaste… oh well

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