Crypto Mining Blog

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 to 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. If you are looking or an exchange for trading PHL coins, then you can try Crex and qTrade.

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