Your time is valuable. InstantSend payments confirm in less than a second.
Protect your financial information. PrivateSend ensures your activity history and balances are private.
The phi1612 algorithm is a super secure encryption algorithm.This algorithm is designed specifically for mining on GPU/CPU processors.
The network becomes more stable due to the increase in the number of active nodes. Users are rewarded for running masternodes.
The Fonero community and masternodes owners will be able to participate in the development of the project.
Effective CPU and GPU mining with protection from ASIC
The Fonero project was launched in autumn 2017, based on the CryptoNight algorithm. Due to the instability of CryptoNote technology, in August 2018, the project team decided to change the algorithm and make a swap of blockchain.
Today, Fonero is a completely original and actively developing cryptocurrency.
Fonero combines all the features of advanced cryptocurrencies, as well as has a number of huge differences and advantages.
The phi1612 algorithm is one of the most secure encryption algorithm, combination of Skein, Jh, Cubehash, Fugue, Gost and Echo crypto algorithms.
The mining process of Fonero is available for an unlimited range of persons who use GPU and CPU processors, but it's also protected from special mining devices like ASIC.
Masternode is a server with a full copy of the Fonero blockchain, which guarantees a certain minimum level of performance and functionality to perform certain tasks related to block validation, as well as PrivateSend and InstantSend, as the anonymity and instant transaction features in Fonero are called.
The masternodes are paid for this service, using a concept known as Proof of Service. This is in addition to the Proof of Work done by miners to secure the blockchain.
Masternodes are also allowed to vote on governance and funding proposals, with each masternode receiving one vote (yes/no/abstain) on each proposal submitted to the system.
In 2019, it is planned to launch a platform for cryptocurrency investments. The network of masternodes will ensure the operation of this platform.
|Algorithm||Phi1612, PoW and Masternodes|
|Max Coin Supply||35,000,000 FNO|
|Block Reward||From 20 to 1, for 9 years|
|Block Reward Distribution||Masternodes: 70%
|Difficulty Algorithm||Dark Gravity Wave 3.0|
|Block Size||2 MB|
|Block Time||120 sec.|
|Masternode Confirmation||15 blocks|
|Masternode Collateral||50,000 FNO|
|Governance||10% of block reward
Starting from 64,800 block
|Governance Fee||5 FNO|
|Governance Minimum Quorum||10 votes|