Pigeoncoin (PGN) is an encrypted currency that adopts the X16S algorithm and upgrades to the X21S encryption algorithm (anti-ASIC+FPGA), and adopts the workload proof mechanism (POW). Pigeoncoin is developed based on the UTXO model and adapted to the latest LWMA dynamic difficulty adjustment mechanism to ensure the stability of the blockchain system. Pigeoncoin is the underlying currency of Pigeon social media. In order to end the collection of user personal data and privacy violations by social network oligarchs, the Pigeoncoin community gathered IT developers and elites in various fields to jointly develop the Pigeon social platform. Dove social platform aims to lower the threshold for the general public to use virtual currency. Using social media as an application, its integrated Dovecoin wallet can provide services such as convenient and fast virtual currency micropayment transfers, multi-currency real-time exchange, and fiat currency purchases of virtual currencies. .

Latest progress and trend analysis of PGN

1. The members of the PGN committee have been optimized. Recently, the committee members have been optimized through voting, from 7 members to 5 members. The optimization of PGN committee members will speed up the use efficiency of development funds and speed up the committee members' important decision-making speed for project development.
2. One developer was added to the PGN project team. The development direction of this developer is mainly for the development of links and wallets. So far, the developer team of the PGN community has expanded to 7 people.
3. PGN will switch to pos+pow mode in the near future, and the nodes will pledge 100W PGN.
4. As we all know, this year is the halving year, which is an important feature of many POW coins.
What's the general trend?
In May 2020, the third halving reward in Bitcoin history will be activated. By mining blocks on the Bitcoin network, the rewards miners receive are cut in half. In the past two weeks, the price of BTC has continued to rise, and the amount of BTC has exceeded the integer mark of 10,000 US dollars. The number of transfers on the BTC chain and the expected difficulty of mining are gradually increasing. In the foreseeable future, BTC will steadily hit the second mark of $12,000 (this mark is the previous high point). The price of ETH has also continued to rise, which will drive the coins in the eth ecological chain system and accelerate the recovery. Recently, the platform coins of various trading platforms have started to be launched, and they have all been pulled out. The big positive line and the weekly line have shown a bottom-up breakthrough pattern. The exchange ecology has started, and the general trend is bullish.

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https://www.niubiquan.com/article/2301

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