Phantasma (SOUL)

What is Phantasma Chain?

First, Phantasma is a separate Blockchain.

Phantasma team has proposed and designed Phantasma since Q3 2017. By Q4 2017, Phantasma members participated in dApp competition organized by City Zion and became one of the winners.

Official project ICO in May 2018. According to the team of Phantasma Chain, this is a fast, secure and well-scalable Blockchain. At the same time, it solves the problem of working exchange between different Blockchains.

Phantasma's goal is to build an ecosystem, a Blockchain platform, where dApps can grow. Incentivize users and content creators on dApps.

With the incentive mechanisms of Dual Tokens, POS+, the Phantasma Chain team believes that it will be a strong point to help their ecosystem develop in the future.

Phantasma Chain called for an ICO in May 2018. The dev team decided to revise the token from SOUL to Dual Token including SOUL and KCAL (Energy) with many notable signs.

What's outstanding about Phantasma?

POS+ consensus mechanism

In the Phantasma Blockchain network, the consensus mechanism used is the POS+ mechanism, an upgraded variant of POS (Proof of Stake).

Users who want to become validators (Validator) must stake 1 amount of SOUL in the network. These Validators are responsible for validating transactions in the network.

Of course, these people will receive rewards for their contributions.

Fast transaction speed

During testing, the transaction speed can be up to 5,000 TPS. And the average time of each block is 2 seconds.

Smartcontract supports multi-language

Phantasma team (SOUL) said that they have launched Phantasma SDK with C# and Javascript languages. And after the mainnet process takes place, other languages ​​will be supported such as: Solidity, Python and C#.

NFT (Non-Fungible Token) Support

Non-Fungible Token is forecast to become a new trend in the future.

Phantasma's blockchain supports the issuance and allows trading of NFT tokens. This is how the Phantasma team anticipates the future trend

Unlimited Side Chains

The POS+ consensus mechanism allows Phantasma Chain to have multiple Side Chains. And with each side having a transaction speed of 5,000 TPS, the speed of the entire Phantasma network will be the total speed of each Side Chain combined.

This makes the scalability of the Phantasma Chain network almost unlimited.

Phantasma DEX

According to Phantasma, this is not exactly the decentralized exchange product that Phantasma offers.

This solution Phantasma calls Cosmic Swaps Framework. It allows users to convert tokens and coins in the network quickly and securely.

Private space transfers

In Phantasma Chain there is a mode called Ghost, in which users can make private transactions.

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