Phantasma describes itself as an innovative blockchain platform that enables developers to build decentralized applications with a decentralized governance model and facilitates interoperability between blockchains.
Phantasma’s main message is that individuals and organizations alike are at risk when reliant on centralized services for distributing information. In addition, a secure means of exchanging data is needed for the growing dapp ecosystem. This is what Phantasma’s product claims to solve.
Team Phantasma
City of Zion’s Sergio Flores (Co-Founder and Engineer) Sergio is a developer at City of Zion. Nearly two decades of his career have been spent as a programmer. Lunar Labs, his game development company founded in 2015, is a previous startup experience.
According to the website of Phantasma, Miguel Ferreira (co-founder and engineer) holds a master’s degree in computer science and has experience developing blockchains. LinkedIn does not contain his contact information.
Alexandre Paixão (Marketing Manager) Alexandre has six years of marketing experience behind him. The majority of his career has been spent within the gaming industry, where he has served as both assistant and manager of marketing departments in Portugal. From the ISCTE Business School, he earned a Master’s degree in Marketing.
Sergio Pereira da Silva (Finance and Business) Sergio has a strong background in finance and accounting. His company, SyncData, has been engineering blockchain technology for about two years.
In addition to Bluzelle CTO Neeraj Murarka, Phantasma ICO advisors include Continuum Founder and CTO Rob Jourdan. Â
 Opportunities and Strengths of Phantasma ICO
In 2019, product development roadmaps will emphasize integrating existing systems. Phantasma can gain more adoption by extending its ecosystem beyond NEO and supporting dapps on disparate protocols.
In the future, Phantasma plans to create mailboxes that will be compatible with standard emails and therefore be able to communicate with email systems outside of blockchains.
This could result in information exchanging with email systems outside the blockchain being stored on centralized servers, defeating the purpose of creating a decentralized email client.
It is an intriguing solution for exchanging encrypted data between dapps. If developers can learn that it can be used to create distributed entertainment networks and decentralized e-commerce platforms, the team envisions a vast array of use cases.
Because developers have access to the SDK, anyone can create a dapp. Phantasma’s initial success in the cryptosphere and developer community will, however, play a big role in its ability to build such platforms.
 To spur interest in developers, a marketing campaign will be run with rewards. Following the launch of the platform, Phantasma plans to promote organic marketing through community supporters as well as implement an incentive program for third-party developers.
Features:
• Proof-Of-Stake (PoS)Â
The Phantasma blockchain operates using a special proof-of-stake system. Users who wish to validate transactions on its network will have to put up a stake. Transaction fees will be shared amongst validators to encourage them to accomplish this task. In the Phantasma network, master nodes identify validators through rotational scheduling.
• Smart ContractÂ
Phantasma network recently released its SDK supporting C# and JavaScript. As well as a node, it comes with a smart contract compiler, a block explorer, a wallet, and other features. Furthermore, it supports Solidity, Python, and C# on its Chain mainnet.
• NFT Support
Phantasma’s network has this excellent feature, especially since NFTs have the potential to become a major component of the digital economy. Using blockchain technology to trade digital goods is more convenient if tokens represent digital goods. With the SOUL platform, NFTs from different chains can be traded. The potential for non-fungible tokens to drive blockchain technology in the coming years is enormous.
• Multiple Side Chains
A new PoS+ mechanism allows for the creation of infinite side chains in the SOUL Chain. Despite this, each side chain maintains a 5k transaction rate. As a result, multiple side chains solve the scalability problems associated with blockchain networks. Multiply the total number of chains with 5k TPS to know the total TPS of the Phantasma ecosystem.
• Cosmic Swaps Framework
SOUL blockchain network contains this system. By connecting through an on-chain liquidity sharing system, users can access its network and the decentralized exchange system. Liquidity pools are available to these users as well. This network offers token and coin exchanges in the app through its cosmic swaps framework and its custom-built connection. Tokens and coins can therefore be purchased without going through an exchange. It provides companies the option to connect directly to their liquidity pool if they are developing decentralized exchanges.
• An Integrated Name System
At a time when many blockchain systems use archaic systems, its system implements a fully integrated name system. For receiving coins or tokens in other blockchains, users are required to provide public addresses. Phantasma Chain’s usernames function as public addresses, as well. With the network, users can enjoy the best possible user experience and blockchain will be accepted by the mainstream.
• Anonymous Transfers
Ghost Mode is a feature of the Phantasma network that allows users to send private transactions. As a result, its protocol facilitates private transactions. The Ghost Mode feature has, however, two different levels of privacy. The different layers in ring signatures are based on the size of the groups. Higher group sizes result in higher privacy fees, and higher privacy fees result in higher network fees.
• Decentralized Storage Solution
It also offers a decentralized solution that is free to use. Starting with the main net launch day, you can use decentralized file storage. The main network will launch soon after the storage dApp is launched.
