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Munich
1 Level
53 Review
149.5 Karma

Review on Phantasma by Alex Fed

Revainrating 4 out of 5

SOUL.

Phantasma is a project which is developing decentralized blockchain content distribution system. Firstly, Phantasma provides a platform for storing content and secondly, as a protocol for sending messages through smart contracts. This project has developed a protocol for sending messages, files and other data by blockchain with Software Development Kit.
In addition, in order to create a work ecosystem, Phantasma will give tokens to all participants, including end users of decentralized applications.
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Pros
  • As a thing of sending encrypted data between dapps, Phantasma has more promise.
Cons
  • I know that Phantasma want to work with a big market, but when you will want to invest in this project, you need to find an answer to the question about "is a real concern with data privacy or is it okay to use free services".