Phantasma is a next-generation messaging protocol that uses the power of the blockchain. It has the characteristics of being decentralized, fast and safe. It provides a decentralized content delivery system that allows users to control their own content. It's a new way to share emails, photos, invoices, movies and more. It brings a decentralized content delivery system running on the blockchain with an emphasis on privacy and security. Privacy is important, so when distributed, all data is encrypted to ensure that no one else can access it. Its main focus is price that may not appeal to the average internet user. The Dapp level of the project is inherent, although more attractive is the infrastructure set with the potential for a large number of alternative use cases.

Project Introduction

Phantasma is a next-generation messaging protocol that is decentralized, fast and secure. It focuses on maintaining the security and privacy of user information. To use its system, you need to burn the token SOUL. In order to improve development efficiency, it will be built on the NEO public chain in the early stage, and an independent chain will be developed later. At the same time, a software development kit has been prepared for developers, and an incentive system has been set for DApp developers.

Project Highlights

By expanding beyond the ecosystem, Phantasma has a better chance of exchanging data between dapps adopting different protocols.

As a means of exclusively exchanging encrypted data between dapps, and an SDK has been provided for developers, if the team can attract developers to build on Phantasma, such as a distributed entertainment content network and a decentralized e-commerce platform, Then they can be widely used, resulting in a large number of dapps. Of course, this will rely heavily on Phantasma's initial success among the developer community.

Technical Overview

Phantasma provides a content storage platform and a protocol for sending messages through smart contracts. The ultimate goal of the protocol is to provide a framework for data management on dapps. The architecture of the entire product consists of 5 main components:

Blockchain: Phantasma will initially launch on the NEO blockchain. The team intends to adopt NEOX for cross-chain interoperability and eventually split Phantasma into its own blockchain. The team suggests this is the best way to achieve the highest efficiency of the network.

Smart Contract: The main function of the Phantasma smart contract is for the messaging protocol. The smart contract system also handles content storage and token transactions as network fuel.

Software Development Kit: The team intends to release an SDK so that anyone can develop their own Dapps using Phantasma. The SDK is a key component of the extended ecosystem.

Relay Nodes: In order to create an architecture capable of properly handling data exchange tasks in a decentralized manner, relay nodes will exist on their own outer chain layer between the NEO blockchain and all Phantasma blocks. The goal of including an off-chain layer is to facilitate faster delivery of encrypted content.

Distributed Content Storage: Phantasma Data File System (PDFS) is a decentralized data system that will serve as the storage backend for Phantasma dapps. Users (running Phantasma nodes) can further contribute to the network by running a full PDFS node.

Phantasma is built on the NEO blockchain and SOUL will initially be issued as a NEP-5 token. Users of Phantasma need tokens to pay for the data they exchange and to create/update storage spaces. Developers and contributors receive SOUL for storage and network services, and nodes are rewarded for their role in validating the network.

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