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HomeCOINSWhat Is Phonon DAO (PHONON)? Complete Guide Review About...

What Is Phonon DAO (PHONON)? Complete Guide Review About Phonon DAO.

What Is Phonon DAO (PHONON)?

Applications can be built on top of phonon that allow off-chain transfers of almost any digital asset, including Bitcoin, Phonon DAO, Solana and every EVM chain. No need for a new coin, token or ecosystem–build on top of a protocol that uses the crypto people are already using. Phonon is a cryptographic, layer zero protocol that works peer-to-peer, with no nodes, no validators, no blocks, and no chains. Send your Web 3.0 assets directly to where you want, when you want.

Phonon DAO Storage Key Points

Coin BasicInformation
Coin NamePhonon DAO
Short NamePHONON
Circulating Supply3.62B PHONON
Total Supply10,000,000,000
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

Private

Phonon DAO Network transactions are not broad casted to anyone, and occur perfectly privately. Phonon does not require validators, chains or POW/POS. The transactions are strictly p2p between two compatible pieces of hardware community through an encrypted tunnel.

Scalable

Phonon’s transactions per second (TPS) are bounded solely by the number of protocol participants. One million users = 500,000 TPS. The Phonon Network is a true layer 0 scaling and privacy solution for public blockchain networks. The Phonon DAO allows participants to conduct private off-chain transfers of assets that exist on-chain by utilizing a protocol that relies upon secure hardware. Phonon transactions are completely validated between the participants of a given transaction.

Transaction data is only shared with users who are directly participating in a phonon transaction. This yields significant benefits to both scalability and privacy relative to public permission less blockchains. The Phonon protocol does not require global broadcasting of transactions. There is neither proof of work, proof of stake, nor any other community formed consensus.

Interoperable

Phonon DAO works with 99.9% of blockchains, including Bitcoin, Ethereum, Solana and Cosmos. Instantly move assets between blockchains without a centralized exchange or needing a new token. The Phonon Network allows participants to conduct private off-chain transfers of assets that exist on-chain by utilizing a protocol that relies upon secure hardware. Phonon transactions are completely validated between the participants of a given transaction. 

Secure

Phonon uses the same secure physically unclonable functions (PUFs) as smartphones and credit cards do to create the world’s most secure P2P protocol. Transaction data is only shared with users who are directly participating in a phonon transaction. This yields significant benefits to both scalability and privacy relative to public permission less blockchains.

Micro transactions

With no fees, Phonon can be used for micro-transactions and true streaming payments. The Phonon protocol does not require global broadcasting of transactions. There is neither proof of work, proof of stake, nor any other community formed consensus. The transactions are strictly p2p between two compatible pieces of hardware community through an encrypted tunnel.

The Phonon Network – What Sets Us Apart?

Phonon is the only network that allows for the exchange of any private keys, from any blockchain, securely, privately and peer to peer. This cryptographic primitive is built by a unique team of Web 3.0, electrical, manufacturing and blockchain engineers who have been developing the Phonon DAO Protocol since late 2019. With this unique, cross-functional team, Phonon has been able to develop the world’s most scalable, private, and secure cryptographic primitive, one that has zero dependencies on any other blockchains. Phonon does not even require the internet to function.

Multichain DEX

Imagine a multi-chain dex that could transfer any crypto asset naively, without fees, totally privately. Today, most of these exchanges are done on large centralized exchanges, which require huge pools of capital, many thousands of man-hours and huge security apparatus to manage capital between cold and hot wallets. Phonon allows native transfers of all crypto assets using secure hardware, meaning you can build a decentralized exchange without the need for liquidity pools or asset pairs.

Physical Cash

Once an asset is in the Phonon Protocol, it becomes atomically verifiable. This means that it can be identified as existing without the need of a blockchain, proof-of-work, proof-of-stake, a ledger, or even the internet. Phonon allows you to spend, send, or receive digital assets like you would receive cash or bearer bonds.

The Network

If you are interested in Phonon Network the best way to stay up to date with everything that is going on is to join your discord. Connect with others who are helping build this technology. Whether your talents are coding, marketing, or even just talking in chat, they want you to be a part of the DAO and be as excited as they are about Phonon.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .