Latest news on Phecda official public chain ecological consensus verification protocol


Introduction to Phecda Blockchain Phecda is a blockchain system based on the DPOS (Delegated Proof of Stake) consensus algorithm and is designed to achieve high availability, high throughput and high security. The Phecda blockchain improves the efficiency and performance of the system by electing representatives to verify transactions and generate new blocks.

Exchange online time: 2024.07.10 18:00 (UTC+8)

Listed exchange: Hotcoin

20240702PCD上币_weben (2)

Currency 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 even if some nodes fail, the system can still operate normally. Representative nodes are elected through the DPOS algorithm to verify transactions and generate blocks, improving the availability of the system.

High throughput: The DPOS algorithm has a high degree of parallelism and can process multiple transactions at the same time, thus improving the throughput of the system. The representative nodes generate new blocks by taking turns to generate blocks, which effectively reduces the time for block generation and improves the speed of transaction processing.

High security: The Phecda blockchain has a high degree of security. Representative nodes are elected and they are responsible for verifying transactions and protecting network security. The voting mechanism and punishment mechanism are used to ensure the honesty and responsibility of representative nodes and prevent malicious behaviors and attacks.

Democratic governance: The Phecda blockchain adopts a democratic governance mechanism, and currency holders can participate in the decision-making and development of the network by voting for representative nodes. This democratized governance mechanism can enhance community participation and network stability.

Application scenarios: (Financial field) Phecda blockchain can be used to build efficient payment systems, digital asset trading platforms and smart contract platforms to provide fast and secure financial services.

Supply chain management: Phecda blockchain can be used to establish a transparent and efficient supply chain management system to realize supply chain traceability and supervision.

Voting and elections: Phecda blockchain can be used to implement secure and transparent online voting and election systems to ensure the fairness and security of the election process.

Solve the problem: In the era of AI and big data, the throughput of many chains is very low, resulting in untimely transactions and lagging performance. The dividends brought by high throughput are the value of the Phecda chain. Phecda is solving the bottleneck caused by throughput. and dependence.

Summary: Phecda blockchain is a high-availability, high-throughput, and high-security blockchain system based on the DPOS consensus algorithm. Through the DPOS algorithm and democratic governance mechanism, Phecda provides reliable blockchain solutions for various fields and promotes the development and application of blockchain technology.

Technology path: 10,000-level throughput/second–>100,000-level throughput/second->1 million-level throughput/second->100 million-level throughput/second

Ecological path: public chain->browser->cross-chain bridge->decentralized exchange->million WEB3 ecology

Support path: Technical documentation support->Excellent contract GAS rebate->Global WEB3 Innovation Competition

As blockchain technology gradually matures and the Web 3.0 era arrives, the interactive data on the chain is growing rapidly and is facing huge challenges. The top 20 public chain projects by market value change frequently, and the trend of differentiated competition among emerging public chains is gradually emerging. Differentiated competition is mainly reflected in breakthroughs in three aspects: consensus mechanism, programmability and scalability. For a new public chain, as long as it can achieve breakthroughs in these three aspects, it can meet the needs of more vertical applications and meet the needs of the incremental market. As Vitalik Buterin said on Twitter: “multi-chain”, the future is an era of multi-chain compatibility. In the Web3.0 era, public chains serve as the infrastructure and operating system of Web3.0. A good public chain and a valuable public chain should be decentralized, scalable, secure, interoperable, and developer-friendly. nature, sound ecological and economic systems and effective governance mechanisms. Such a public chain can provide users and developers with stable, secure, and efficient blockchain infrastructure and promote the widespread application and development of blockchain technology. Phecda is a blockchain system based on the DPOS (Delegated Proof of Stake) consensus algorithm and is designed to achieve high availability, high throughput and high security. The Phecda blockchain improves the efficiency and performance of the system by electing representatives to verify transactions and generate new blocks. Phecda adopts a new hybrid consensus mechanism of POS+DPOS+EPOS to ensure the fairness, transparency and security of the public chain. Users can freely participate in the governance and decision-making of the public chain, thereby achieving decentralized autonomy. Phecda can achieve 10,000+ TPS, block generation in 3 seconds and the lowest fees. Utilizing the modular underlying design of the current new public chain, the deployment of ecological applications and smart contracts can be adaptively compatible during system operation. Each module of the public chain can be upgraded independently without affecting the operation of the system, solving some current public problems. It has become a more efficient, stable and secure public chain system. Phecda’s new hybrid consensus algorithm has greatly improved the transaction speed and capacity of the blockchain. Users can enjoy high-speed transactions while significantly reducing transaction fees. TPoS works with an improved Byzantine fault-tolerant algorithm to deal with unreliability and malicious behavior between nodes to ensure the security and consistency of the system. Phecda achieves better compatibility in terms of cross-chain security and operating costs, and can effectively solve the problems of current DApp projects on multi-chains such as inability to synchronize status and liquidity fragmentation. The first cross-chain product it launched, PCDBridge, also caused quite a stir in the industry. In the era of multi-chain coexistence, cross-chain is an urgent need in the future and has a large potential market share. As a protocol that achieves better compatibility in terms of cross-chain security and operating costs, Phecda will surely occupy a leading position in the encryption market. own place. Phecda nodes adopt a distributed architecture, distributing nodes in multiple geographical locations to ensure that even if some nodes fail, the system can still operate normally. The DPOS algorithm is used to elect representative nodes to verify transactions and generate blocks, improving the availability of the system. Phecda’s team is all doctoral students from prestigious universities, or highly sophisticated talents with many years of work experience in the world’s top 500 companies. In order to pursue the ultimate performance, the team works in the block It has been continuously researching and developing blockchain technology for 7 years, and has made epoch-making breakthroughs in consensus mechanisms, data storage, private key management, asset cross-chain and other aspects. Currently, it has obtained more than 60 international blockchain patents. Having high throughput, low fees, a smart contract platform, and cross-chain interoperability are not enough to make a public chain a valuable public chain. The most important thing is that the public chain should be able to meet the actual needs of the market, provide solutions for vertical industries, and integrate the needs of the incremental market. The application scenarios of the public chain and the professionalism in vertical fields will become the key factors for the success of the public chain. Whether it is finance, AI, supply chain, Internet of Things, games, social networking, metaverse or other fields, the public chain should be able to provide specific solutions and achieve real implementation and commercial applications in these fields. Phecda Chain relies on powerful The foundation supports cooperation with multiple communities, giving public chain governance authority to the community, and supporting community development in terms of ecological construction. The hot currency exchange will be launched in July 2024. In the future, it will be launched on multiple well-known centralized exchanges. Through secondary The injection of market funds has allowed Phecda’s market value to continue to rise, achieving its goal of entering the top 10 in the world within two years.

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