Phalanx was released in March 2015. The main idea is to test a mining-switch-protocol, which will be more evident as a total net hash for PLX spikes sporadically and sharply. Investing in PLX, good-deal seekers are enabled to enjoy an array of assets. They can mine multiple coins, sell or swap their mining power for other mining resources or crypto-currency. Those exchange processes are executed via the Phalanx network which supports a peer-to-peer communication without any third party intervention. Furthermore, users can accomplish more profitable environment buying or selling their coins on exchanges or renting rigs from Phalanx to mine whatever they like. In a technical aspect, the cryptocurrency's symbol is PLX and it is a purely proof-of-work based crypto. It uses the SHA256 algorithm which assures a completely secure, fast and globally spread transfer of finances without any restriction. This platform was initially designed to mimic the Bitcoin's one on purpose.