Is It Really Fool's Gold?
PYE is designed to be a store of value cryptocurrency. Its future is largely dependant on community involvement and widespread adoption. Everyone is welcome to participate and contribute to making Pyrite more awesome!
PoW & PoS
Hybrid PoW/PoS consensus mechanism vastly reduces the chances of 51% attacks.
There is no premine, no instamine, no cheating, no favoritism. Everyone has an equal chance to obtain PYE.
Our PoW mining algorithm is not compatible with the currently available SHA-256 ASICs. You can mine PYE using GPUs.
Open Source Community
Although the project was started by a single entity, the ultimate goal is to keep most of the decision-making unrestricted and democratic.