Pyrk

Notice: Pyrk v0.13.0.1 has been released (21-Oct-2020). You should upgrade at your earliest convenience. All Miners should be on this version.

Notice: Do you run a masternode? More information about the DIP003 upgrade can be found here: https://pyrk.org/masternodenew.

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.

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.