Gwaycoin is an experimental new digital currency that enables anonymous, instant payments to anyone, anywhere in the world. Gwaycoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.Gwaycoin Core is the name of the open source software which enables the use of this currency. Gwaycoin has 5 mining pools and uses the PHI2 algorithm.