Phecda Blockchain Introduction Phecda is a blockchain system based on the DPOS (Delegated Proof of Stake) consensus algorithm, aiming to achieve high availability, high throughput, and high security. Phecda Blockchain verifies transactions and generates new blocks through elected representatives, thereby improving the efficiency and performance of the system.
Exchange Launch Date: July 10, 2024, 18:00 (UTC+8)
Exchange: Hotcoin
Oracle Machine Ecology: Phecda Oracle machine
Key Features:
(High Availability) Phecda Blockchain adopts a distributed architecture, distributing nodes in multiple geographical locations to ensure that the system can continue to operate even if some nodes fail. By electing representative nodes through the DPOS algorithm to verify transactions and generate blocks, the availability of the system is improved.
High Throughput: The DPOS algorithm has high parallelism, allowing for the simultaneous processing of multiple transactions, thereby increasing the throughput of the system. Representative nodes generate new blocks by taking turns, effectively reducing block generation time and improving transaction processing speed.
High Security: Phecda Blockchain has a high level of security. The representative nodes are elected and they are responsible for verifying transactions and protecting network security. Voting and punishment mechanisms are in place to ensure the integrity and accountability of representative nodes and prevent malicious behavior and attacks.
Democratic Governance: Phecda Blockchain adopts a democratic governance mechanism, allowing token holders to participate in network decision-making and development through voting. This democratic governance mechanism enhances community participation and network stability.
Use Cases:
(Financial Sector) Phecda Blockchain can be used to build efficient payment systems, digital asset trading platforms, and smart contract platforms, providing fast and secure financial services.
Supply Chain Management: Phecda Blockchain can be used to establish transparent and efficient supply chain management systems, enabling supply chain traceability and regulation.
Voting and Elections: Phecda Blockchain can be used to implement secure and transparent online voting and election systems, ensuring fairness and security in the election process.
Problem Solving: In the era of AI and big data, many blockchains have low throughput, resulting in delayed transactions and performance lag. The value of Phecda lies in its high throughput, and it aims to solve the bottleneck and dependency caused by low throughput.
Summary: Phecda Blockchain is a blockchain system based on the DPOS consensus algorithm, aiming to achieve high availability, high throughput, and high security. Through the DPOS algorithm and democratic governance mechanism, Phecda provides reliable blockchain solutions for various fields, promoting the development and application of blockchain technology.
Technical Roadmap: 10,000+ TPS -> 100,000+ TPS -> 1 million+ TPS -> 100 million+ TPS
Ecological Path: Public Chain -> Browser -> Cross-chain Bridge -> Decentralized Exchange -> Million-User WEB3 Ecology
Support Path: Technical documentation support -> Excellent contract GAS rebate -> Global WEB3 Innovation Contest
As blockchain technology matures and the era of Web3.0 approaches, the amount of on-chain interactive data is growing rapidly, while facing significant challenges. The frequent changes in the top 20 market cap public chain projects and the emerging differentiation competition among public chains are gradually becoming apparent. Differentiation competition mainly manifests in breakthroughs in three aspects: consensus mechanism, programmability, and scalability. For a new public chain, as long as it can make breakthroughs in these three aspects, it can meet the needs of more vertical applications and incremental markets. As Vitalik Buterin said on Twitter, “multi-chain” is the future. In the Web3.0 era, as the infrastructure and operating system of Web3.0, a good and valuable public chain should have decentralization, scalability, security, interoperability, developer-friendliness, a sound ecological economic system, and effective governance mechanism. Such a public chain can provide stable, secure, and efficient blockchain infrastructure for users and developers, promoting the widespread adoption and development of blockchain technology.
Phecda is a blockchain system based on the DPOS (Delegated Proof of Stake) consensus algorithm, aiming to achieve high availability, high throughput, and high security. Phecda Blockchain verifies transactions and generates new blocks through elected representative nodes, thereby improving the efficiency and performance of the system. Phecda adopts a new hybrid consensus mechanism of POS+DPOS+EPOS, ensuring the fairness, transparency, and security of the public chain. Users can freely participate in the governance and decision-making of the public chain, achieving decentralized autonomy. Phecda can achieve 10,000+ TPS, 3-second block generation, and low fees. With the modular design of the current new public chains, the deployment of ecological applications and smart contracts can be adaptively compatible during system operation. Each module of the public chain can be independently upgraded without affecting the operation of the system, solving the problem of service suspension and upgrades in some current public chains. It becomes a more efficient, stable, and secure public chain system. Phecda’s new hybrid consensus algorithm greatly improves the transaction speed and capacity of the blockchain, allowing users to enjoy high-speed transactions while significantly reducing transaction costs. TPoS, combined with an improved Byzantine fault-tolerant algorithm, is used to handle the unreliability and malicious behavior between nodes to ensure the security and consistency of the system. Phecda achieves better compatibility in cross-chain security and operational costs, effectively solving the challenges of state synchronization and liquidity segmentation of current DApp projects on multiple chains. Its first cross-chain product, PCDBridge, has also received significant attention within the industry. In the era of multi-chain coexistence, cross-chain is a necessary requirement for the future and has great potential market share. As a protocol that achieves better compatibility in cross-chain security and operational costs, Phecda will surely occupy its own place in the cryptocurrency market.
Phecda nodes adopt a distributed architecture, distributing nodes in multiple geographical locations to ensure that the system can continue to operate even if some nodes fail. By electing representative nodes through the DPOS algorithm to verify transactions and generate blocks, the availability of the system is improved. The Phecda team consists of doctoral students from prestigious universities or highly skilled professionals with years of experience in the world’s top 500 companies. The team has continuously researched and developed blockchain technology for 7 years in pursuit of ultimate performance. They have made groundbreaking breakthroughs in consensus mechanisms, data storage, private key management, asset cross-chain, and more, obtaining over 60 international blockchain patents.
Having high throughput, low fees, an intelligent contract platform, and cross-chain interoperability is not enough for a valuable public chain. The most important thing is for the public chain to meet the actual market demands, provide solutions for vertical industries, and integrate the needs of incremental markets. The application scenarios and specialization in vertical fields will be key factors for the success of a public chain. Whether it is in finance, AI, supply chain, IoT, gaming, social media, metaverse, or other fields, the public chain should be able to provide concrete solutions and achieve real-world implementation and commercial applications.
With the support of a strong foundation and multiple community collaborations, Phecda Chain decentralizes governance to the community and supports community development in ecological construction. It will be launched on Hotcoin exchange in July 2024 and will be listed on several other well-known centralized exchanges in the future. By injecting funds through the secondary market, Phecda’s market value will continuously rise and achieve the goal of entering the top 10 global rankings within two years.
