Phantom has unlimited potential to enable people to solve some of the most important issues people face as a global society.

But when we face the value, freedom and property, the community must have some experts to help answer some basic questions. Users always like a simple experience. Every developer who builds the Phantom.IO platform will first ask a question: “How many PhantomTokens do I need to support to run my dAPP?”

According to the Phantom community, @PhantomNewYork sent an answer to answer this question.

Phantom Resource Planner@PhantomNewYork is developing independent and modular services that anyone can query, so that to keep abreast of the number of Tokens for resource requirements. Yes, it will be concentrated in (under construction).

Currently, accurate resource estimates have not been completed and are not available until the network is launched. According to the Phantom.IO white paper, “Each node needs to release its available capacity for broadband, computing and state.”

Phantom phased deployment

Phase I

Used before the online of main network, only the number of Tokens corresponding to resource requirements in a specific time period is provided.

Phase II

Deployed by the end of 2019, based on the partial reserve system, it provides additional resource considerations for the calculation of the average of the traceability window.

Phase III

The deployment time depends on the development of the Phantom project, providing the average rental price for a node PhantomToken.

Phase IV

The deployment time depends on the Phantom ecosystem and provides multi-chain resource estimates.

The design of this answer is straightforward and we can’t foresee any challenges near the Phantom release date. In order to be able to accumulate enough data to provide significant statistics on the average partial reserve resource allocation for different lengths of time, Phase II must be carried out before the end of 2019. And it is hoped that everything will run at normal times.

DPoS consensus algorithm produces consensus value

The DPoS share authorization certification mechanism introduces the role of “trustee”.

The operation mechanism of DPoS is as follows:

All holders of the currency first choose the trustee to sign the block: the election process is similar to the board of directors elected by the board of shareholders (111 representatives), to make daily operational decisions instead of board of shareholders. After authorizing the board, the decision will be more efficient (compared to the PoW which generates a block every 10 minutes, DPoS will generate a block every 3 seconds.)

Like PoW, the DPoS rule is also the longest chain win. Each of the trustees must follow the production schedule, take turns to generate blocks. Taking a factory as an analogy and assuming that A, B, and C are scheduled respectively for early, middle, and late shift production. A can’t brush the door through access card at night to enter the factory production. Similarly, C was unable to enter the factory during the morning shift.

The Dpos consensus algorithm is a core technology and consensus mechanism in Phantom software. The community voting rate of 111 super-verification nodes will determine the future development speed of Phantom software, because the consensus value of Phantom and the progress of the main network will be proportional to the turnout rate.

Media Contact
Company Name: Globalnewsonline
Contact Person: JAN
Email: Send Email
Country: United States