Review on Phantasma by francis fernandez
Phantasma: Allows you to connect with multiple applications
When deciding on an electronic form of payment, we must analyze the most appropriate options in terms of security and multifunctionality offered by the cryptographic options that the market presents. Phantasma is a cryptocurrency created with the purpose of being compatible with multiple blockchains to develop an ecosystem of different decentralized applications connected to each other, but maintaining the decentralized operating mechanism of the main structure. Token:
The Phantasma chain employs a two-token-based mechanism to power its network operations. Each of these digital assets has particular functions that contribute to the decentralized operation of the network.
SOUL Token: It is a governance token. He is responsible for the scalability, security and agility of the Phantasma chain. KAL Token: It is the mechanism that allows compatibility between several chains without altering the decentralization of Phantasma.
This duplication of tokens brings insurmountable benefits to the chain; by allowing you to interact with a range of decentralized applications that make the following benefits and utilities available to its users:
• Access the purchase of digital goods and services (games, storage, cryptocurrencies, among others).
• Trade multiple cryptocurrencies and then convert them to FIAT money.
• Store coins in secure wallets without leaving the platform
• Connect users' favorite applications to the Phantasma blockchain for their convenience and security.
•Instant digital asset conversions. • It allows developers to use its technology due to its open source.
• Allows users to place bets to obtain rewards and voting rights when obtaining their tokens.
Pros
- Allows interoperability between multiple chains
- It is a safe mechanism to acquire goods and services
- It is not subject to third party control
- It has a double token
Cons
- Low value on the market today
