spot_img
spot_img
HomeCOINSWhat Is Phoenix? (PHX) Complete Guide Review About Phoenix.

What Is Phoenix? (PHX) Complete Guide Review About Phoenix.

What Is Phoenix?

Phoenix Coin[old] (PHX) is a cryptocurrency and operates on the Neo platform. Phoenix Global [old] has a current supply of 3,711,738,526.056178 with 0 in circulation. The last known price of Global [old] is 0.00333594 USD and is up 0.07 over the last 24 hours. It is currently trading on 10 active market(s) with $0.61 traded over the last 24 hours.

Phoenix Global is the blockchain that hosts next-generation consumer-focused DApps.
Oracle relays real-world asset prices to the blockchain. PHB, the cryptocurrency,
executes transactions on the blockchain. Phoenix Chain is sidechain-agnostic and bridges with
Binance Smart Chain (BSC), Ethereum, Solana, NEO, and Tron. Global augments Big
Data-based Artificial Intelligence (AI) via Federated Learning.

Phoenix Coin Storage Key Points

Coin BasicInformation
Coin NamePhoenix Coin
Short NameTLW
Circulating Supply
Total Supply170,480
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Next-Generation Enterprise Blockchain Enabling Agile and Scalable Consumer Apps

Phoenix Coin Global is built for the enterprise, with the consumer in mind. Rapidly develop and deploy decentralized consumer apps built to scale, and fit within the existing customer experience.

Proprietary Oracle

Built-in connectivity to the real world. Connect your dApps to external systems and data sources easily and efficiently with a proprietary integration middleware.

Enterprise Sidechains

Phoenix Coin Optimize scalability by seperating enterprise-level workstreams from main network. Scale your own application ecosystems in multiple sidechains

Two-fold Consensus

Consensus mechanism designed for a combination of performance and agility in deploying consumer dApps. Easily transfer assets between the main network (DPOS) and side networks (POS).

Multi-layered Smart Contracts

Increase the scalability, flexibility, and ease of deployment of smart contracts and Phoenix Coin dApps via a multi-layered smart contract system, allowing certain components to be stored off-chain.

Data Transaction Engine

Built-in data transaction protocols to Global Virtual Machine designed to increase B2C trust and increase consumer data ownership and security, as well as decentralized encrypted data storage.

Strategic benefits from this merger:

  • A more comprehensive enterprise data blockchain platform consisting of 1st party (consumer-related) data applications + 3rd party data (market data, external data, enterprise ESG data) with a larger enterprise ecosystem (B2C companies + financial institutions).
  • Combined Phoenix Coin technical resources and teams, with continuous expansion, gives Global a talent edge in the competitive blockchain landscape.
  • Greater exposure, stronger combined marketing resources for pre and post-merger, and a much larger community created. Community management and outreach resources will be maintained and combined.
  • Leveraging the best of both projects includes PHBexchanges and liquidity — available via existing Phoenix Global token listings on Binance, Huobi, and others.

PHB Supply

Inflation

The supply of PHB will increase over time at a rateof 10% per year. All of this is currently rewarded
through Phoenix Coin Staker according to current staking tiers. They anticipate this to change when Oracle’s modules are online and operational. PHB held Staker in wallets,
exchanges, and other locations will not receive rewards from Phoenix Staker.

Deflationary Mechanism and the Future

In the future, the plan is to introduce more deflationary mechanisms to stabilize the supply of PHB. The working idea is when PHB integration with Oracle is complete, for Staker to come offline. Then, reallocate the 10% inflation to be split in half, with 5% redirected to users supporting Phoenix Global by running nodes/staking and the other 5% burned.

Ecosystem, Network, and Alliance Expansion

Phoenix Coin Although at the most minimum there are only two parties required for FL to work, the value is amplified with a larger number of participants andlarger datasets. Additionally, the value, differentiation, and business model of a FL “platform”or network, is amplified with more
ecosystem participants. The next generation of largedata-driven networks will not be centralized players like Facebook, Google, or Amazon, but rather decentralized

The protocols and platforms with increased transparency and democratization of data& AI. They believe that federated learning will be one of the use cases that can easily bridge off-chain data analytics and AI, with simple and easy to use blockchain solutions that have minimal interference and are easy to deploy and link.