Review on Phantasma by Fabrizio Zampieri
Phantasma is an innovative platform to revolutionize application development…
Phantasma is an innovative platform to revolutionize application development in the key area of data management and content-sharing. It introduces a decentralized content distribution system running on the blockchain, with strong emphasis on privacy and security. Privacy is so extremely important that all data within Phantasma is encrypted.
The Phantasma platform and framework is designed on the basis of a publish-subscribe data dissemination model:
- Boxes (they act as content hubs for generalized data. Each box is associated with a specific NEO address);
- User (any subject that uses the Phantasma infrastructure to share or consume data);
- Messages (data items that can be stored and shared via Phantasma);
- Gate (permissioned gateway to a Phantasma Box);
- Tokens (the access to a gate can be verified via token permissions - the SOUL tokens. These tokens are the fuel of the Phantasma network, meaning that operations inside the Phantasma network will require them, including creation of boxes, allocation and renewal of space for storage).
The Phantasma Virtual Machine runs inside the NEO smart contract.
The Phantasma Data Filesystem (PDFS) is a decentralized data storage file system, developed to be the default storage backend for Phantasma dApps.
Phantasma (SOUL) is a cryptocurrency token based on the NEO platform. Phantasma has a current supply of 91 136 374 SOUL with 58 332 939 SOUL in circulation.
SOUL is tradable on KuCoin, Hotbit, Gate io, Bilaxy, Bitbns and Switcheo Network exchanges.
Pros
- - Through Phantasma platform users control their own content instead of relying on third party entities to host, secure and manage it for them. - The Phantasma-based email application has the advantage of being more secure, configurable by the Phantasma Virtual Machine script, with the data being completely in control of the inbox owners. - Digital Commerce is also an important feature for the Phantasma platform, allowing sales of digital products, be it videos, videogames or other files. - If you are a content creator that usually releases videos for free, you can host your videos in the network, allowing you to decide who will see your videos. - Important partnerships (Nash, Bluzelle, Alchemint, Asura World, Wax, Nel, BlaCat, Evolution Host, and more).
Cons
- - Young project, still in early stages. Platform must be improved. - Phantasma ROI: -88,45% (the approximate return on investment if purchased at the time of launch).
