When ChatGPT technology became popular, projects in the field of artificial intelligence (AI) attracted great attention from investors. Phoenix Global, one of the most advanced projects in the application of AI and Blockchain technology, is recording significant progress. Phoenix Global's infrastructure for AI technology on Blockchain not only provides powerful computing power for AI applications, but also ensures the integrity and safety of data.
Phoenix Global is a blockchain project that is focused on building infrastructure to scale applications on blockchain. The main goal of the project is to drive users and businesses towards decentralized applications to enhance the customer experience. Currently, blockchain is growing rapidly and offers a lot of potential for decentralized applications.
One of the solutions offered by Phoenix Global to help enhance the connectivity of applications to the real world is the Phoenix Oracle engine. This is a middleware developed to assist users in accessing Dapps, helping to expand external data sources and help the system operate more smoothly. Phoenix Oracle is designed to enhance the built-in connectivity of applications to the real world, thereby making blockchain applications more efficient.
In addition, Phoenix Global also has a number of other features such as integration with many different blockchains, support for many different protocols so that applications can interact with each other more efficiently. With these features, Phoenix Global is becoming one of the most advanced and potential projects in the field of blockchain and related AI applications.
Phoenix Oracle is a data processing engine introduced by the Phoenix Global project. Its main function is to provide the ability to integrate data from the real world into decentralized applications (Dapps) on the blockchain. With this feature, Phoenix Oracle helps Dapps to access and use data from external sources easily and efficiently.
Now, Phoenix Oracle has been developed to be compatible with the EVM, making it easy to integrate with other Layer 1 platforms and extend to the Phoenix project's Computational Layer 2 platform.
Phoenix Global's way of optimizing scalability is by decoupling enterprise workflows from the main network.
In this way, Phoenix Global is trying to solve one of the key challenges of blockchain technology, which is scalability, and offer a solution that optimizes performance for its applications.
Phoenix Global's consensus mechanism is designed to balance performance and flexibility in deploying various decentralized applications on the network. This mechanism allows operational data and assets to be easily moved between the main network (DPOS) and other subnets (POS) to optimize processing.
One solution to enhance the scalability and flexibility of smart contracts and Dapps is to use a multilayer smart contract model. This model allows storing some components of the contract off-chain, which increases processing speed and reduces storage costs. In addition, the model also provides the ability to deploy dApps through a multi-layer smart contract system, making it easier to deploy and manage applications.
Phoenix Global Virtual Machine integrates data exchange protocols to increase the reliability of the business model for individual customers (B2C), while improving data ownership and security. Besides, data is stored decentralized and encrypted to ensure privacy and safety for users.
The Federated Learning feature is a special highlight of Phoenix Global, developed by a combination of Apex Network and Red Pulse Phoenix.
The project decided to build the FL feature as a strong point to bring to the entire Phoenix Global ecosystem. With FL, Phoenix Global can extend applications as follows:
Phoenix Global can be applied in the retail industry through creating effective CRM models and interacting with customers using Web technology 3. Specific applications include:
The plan is to increase the PHB supply by 10% per year and use inflation as a reward for staking participants. In the future, there is a more deflationary plan to stabilize the supply of PHB. This plan will be realized by integrating PHB with Phoenix Oracle and allowing Phoenix Staker to work in offline mode. After that, inflation will be reallocated, with 5% going to users who support Phoenix Global by operating nodes or staking and the remaining 5% will be burned.
In addition to Binance and Hashed, Phoenix Global is also backed by Tencent Cloud, which is a sign of the huge potential to reach the Chinese market.
In the past days, AI-related tokens are attracting the interest of many investors around the world, of which the Phoenix Global project has had an impressive growth of more than 200% since the beginning of 2023. However, the decision to invest in this project still needs to be cautious and carefully considered. The basic information about the project from this article will help investors have more information to make investment decisions in line with their goals.
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