📄️ Why choose pyrin
One of pyrin's main objectives is to solve the so-called blockchain trilemma, which states that cryptocurrencies can only maintain two of three core advantages: Security, Decentralization or Scalability. pyrin was developed precisely to balance all three aspects and thus create a secure, decentralized and scalable cryptocurrency. This is also reflected in pyrin's ability to handle high transaction speeds and volumes without sacrificing security or decentralization. Therefore, pyrin is not a pure cryptocurrency, but also represents a technological advancement in the blockchain domain, with the aim of enabling a wide range of applications and services in a decentralized and efficient manner.
📄️ Security
pyrin addresses the critical issue of securely providing proof of work without compromising security. While transactions themselves are secure, the verification process requires a separate set of parameters and programming. pyrin implements a technique called pruning, which involves removing data older than three days from the blockDAG. By limiting the available data, pyrin protects itself from the vulnerabilities associated with a 51% attack. Centralized manipulation becomes virtually impossible if more than 50% of the blockchain is not under the control of a single entity. The data beyond the three-day threshold is stored elsewhere, preventing hackers from accessing it and foiling any attempted takeover.
📄️ Amazing Fast
pyrin is able to achieve higher transaction rates compared to many traditional PoW-based blockchains, as its structure enables faster block creation and transaction processing. In contrast to conventional blockchains, pyrin's GhostDAG protocol in combnination with the BLAKE3 hash algorithm enables the parallel creation of blocks. Blocks coexist and are ordered by consensus, forming a BlockDAG instead of a linear chain. Thanks to GhostDAG, pyrin can guarantee high block rates (one block per second) and fast transaction confirmations. pyrin includes features such as reachability, block data pruning and block header pruning plans. The unique consensus mechanism enables quick finality and low latency: in less than 10 seconds, a transaction is effectively processed and verified.
📄️ Decentralization and fairness
pyrin places great emphasis on decentralization and fairness, as evidenced by its fair start with no pre-sale or pre-mine. Moreover, pyrin is ASIC resistant. This means that it provides a fair distribution to participants in the network by using ordinary computers, as no one can mine above a certain hash power. This ensures a balanced distribution, while also preserving the decentralization of the blockchain network.
📄️ Tokenomics
pyrin was fair-launched in November 2023, with no pre-mine, pre-sales, or coin allocations.