What is Phoenix (PHB)?

The next-generation blockchain Phoenix Global (PHB) creates scalable and intelligent consumer apps. Phoenix Global (PHB) is consumer-driven and designed to empower businesses, since blockchain technology enables the quick creation of decentralized consumer apps and makes use of DApps to improve user experience. Phoenix Oracle was therefore added to the platform's blockchain to improve the built-in connectivity of applications to the outside world.

According to the website, Phoenix Oracle is a unique integration middleware that enables users to seamlessly link DApps to all external data sources and systems. In other words, Phoenix Global (PHB) wants to make decentralized consumer apps more interactive, connected, and personal.

The History of Phoenix

Red Pulse Phoenix and APEX Network merged to establish Phoenix Global (PHB) in 2020. In addition, the whitepaper for Phoenix Global (PHB) was released in July 2021.

The Use Case of Phoenix

Phoenix Global offers enterprise sidechains, enabling users to expand and modernize the application-based ecosystem across several sidechains. In contrast to the main chain, a sidechain is a blockchain technology that is supported by the platform. Additionally, by separating the main network from the enterprise-level workstream, enterprise sidechains promote greater scalability.

Furthermore, the platform's sophisticated smart contracts technology enables users to store particular components away from the blockchain. Meanwhile, Phoenix Global's (PHB) activities are driven by a dual consensus process. Therefore, the consensus method places an emphasis on factors that pair well together, such as agility and high performance, enabling more seamless deployment of consumer apps. A consensus method also facilitates seamless cryptocurrency transfer between the main network and the subsidiary networks.

Last but not least, Phoenix Global is powered by a data transaction engine to promote enhanced customer and business confidence. In addition, the virtual machine's transaction data protocols aim to boost security, increase client data ownership, and store highly encrypted data in a decentralized blockchain. In conclusion, Phoenix Global aspires to play a key role in a number of industries, including retail, transportation, luxury and lifestyle, internet retail, financial services, and travel. The whitepaper lists consumer data, AI, marketing, federated learning, customer experience, and CRM as Phoenix mainnet applications. Last but not least, PHB is the utility token for the cryptocurrency Phoenix Global.