What is Pyrk?

A crypto­currency based on Bitcoin, with additional features imported from both Dash and Digibyte. Improvements include multiple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, Community Fund Governance, and Simple Tokens based loosely on the Color Coins protocol. Built for the community, we've taken some of the best features of the top utility coins to create a new coin which launched on May 12th 2020. There is no pre-mine, there is no ICO. Fair launch so everybody has a fair chance of mining.

  • NO premine, NO Hidden Blocks, Fair Launch
  • Multi Algorithm Proof of Work
  • Initial block reward 100 Pyrk
  • Reward Reduction every 100k Blocks
  • Block Time: 90 Seconds
  • Max Circulation: 100M Pyrk
  • Multishield Difficulty Adjustment
  • Private Send Transactions
  • Masternodes (Collateral 2500 Pyrk)
  • Community Fund (Up to 10% of Block Reward)
  • Fund distribution voted on by Masternodes
  • Pyrk Whitepaper / Pyrk Tokens Specification

  • Our goal is to test the limits of what can be done on the blockchain

    Proof Of Work

    Instead of trying to create a new Algorithm and avoid ASIC mining, we welcome ASIC mining on 3 of the top Algorithms: SHA256, Scrypt, and X11. You can also CPU mine on the Yespower algorithm.

    Masternodes

    Run a masternode to help secure the network, assist in private send transactions, and vote on community projects. The collateral to run a masternode is 2500 PYRK.

    Private Send

    Anonymize your sensitive transactions using the Private Send feature.

    Community Fund

    Up to 10% of monthly block rewards are reserved for approved Community Fund projects which help to boost the Pyrk Ecosystem.

    Pyrk Tokens

    Create and manage your own tokenized assets on the Pyrk blockchain. They are easy to create and use.

    Secret Messaging

    Coming Soon.. Send encrypted messages between Pyrk addresses from the Pyrk wallet software. No data retention and 100% end-to-end encryption.

    What's different about Pyrk?

    We are expanding what can be done on the blockchain:

    Pyrk Tokens

    Currently in production beta. Create your own assets on the PYRK chain. Do you want to create a token similar to ERC-20, but easier to create and manage and cheaper to send on the network? We've got that. Do you want to create an asset where you can add unlimited amounts of immutable information to? We've got that too. Do you want to have the ability to give and revoke access to other users to add immutable information also? Yep, we've got that too..

    Basic ERC-20


    Creation: Requires building a contract (Solidity)
    Create Cost: $40 - $200
    Sending Cost: ~$0.11 (or more)
    Methods: Transfer *
    * Additional methods require additional programming
     


    - vs-


    Pyrk Tokens


    Creation: A single wallet command
    Create Cost: 5 Pyrk ~ $0.10
    Sending Cost: 0.00002 Pyrk ~ (practically free)
    Methods: Transfer, Pause, Resume, AddMeta, NewOwner, Burn
     

    Pyrk Tokens are also easy to integrate into your exchange or other payment platform. If you are already making RPC calls to a Bitcoin "fork" wallet, then you are already more than halfway there. All Pyrk Token management commands are available over RPC.


    Pyrk Secret Messenger (In Development)

    Pyrk Secret Messenger is a way to send encrypted instant messages between Pyrk addresses. Secret messages do not put messages onto the blockchain, but rather they use the masternode network to temporarily store the encrypted data. Unlike other "secret messenger" services, there is no central database where messages are stored. With Pyrk Secret Messenger it is impossible to have a "master key" which can decrypt user messages. Messages unretrieved within 7 days are automatially purged from all masternode queues.

    Using the public/private key protocol that is inherent on the Pyrk blockchain, the messages can only be decrypted by the person holding the private key of the receiving address.

    - NO Meta Data
    - Full End-to-End Encryption
    - Will be included in both desktop and mobile apps
    - Familiar Chat UI similar to Telegram/Signal

    Who created Pyrk?

    Pyrk was designed and commissioned by Michael Osullivan (lead developer at the exchange Altilly.com). It was coded by a couple of well known cryptocurrency developers who have worked on big projects in the past. You can see exactly who is involved on our Github repo. We have the entire history of all changes made to our codebase.

    The governance and direction of Pyrk will NOT be decided solely by it's developers, instead any major action will be voted on by the community using the build in governance tools. In order to have a great community coin, the community must be engaged in it's development as much as possible.

    Core team members may change from time to time as they are elected to their positions.

    Want to be part of the team? Come join us on Telegram or Discord and let the community know what you have to offer.

    PYRK had NO ICO and NO Premine, which means that there are no coins to giveaway for airdrops (so don't ask).


    Michael has personally funded a Pyrk Development fund at Pyrk Address: PEw1dFwba5KXuU3nXffbEh8HxVg36LarfG

    The development fund will be used to increase usage of Pyrk, build communities, and improve our product. You may also contribute to this fund if you like.

    Desktop Wallet Downloads



    Mobile Wallets



    Trade Pyrk

    Price Data


    Mining Stats


    Mine Pyrk


    Completed Goals

    • Create Proposal Generator Page
    • Create Proposal List/Vote Page
    • HotBit Exchange Listing
    • Activate Pyrk Tokens
    • Modifications for hard fork at Block 100k
    • Mobile Apps for iOS & Android

    In Progress

    • Design specification for Private Messaging System
    • User Interface for Pyrk Tokens

    Goals To Do

    • Help community create use cases for Pyrk Tokens