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How DeFi and Phoenix Global Blockchain Work Together

Phoenix.Global. Understand how the PHoenix Global platform can develop and deploy decentralized applications, including DeFi protocols.<br><br>Blockchain Powering the Next Generation of Consumer Applications.<br>More Private. More Interactive. More Connected. Join Phoenix.Global.

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How DeFi and Phoenix Global Blockchain Work Together

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  1. How DeFi and Phoenix Global Blockchain Work Together phoenix.global

  2. Decentralized finance (DeFi) protocols or platforms are decentralized applications (dApps) that mimic traditional financial services providers such as banks, lenders, and insurance providers using smart contracts. Phoenix Global blockchain is an emerging blockchain that offers a platform to develop and deploy decentralized applications, including DeFi protocols. phoenix.global

  3. How was Phoenix Global created? Phoenix Global was created after Apex Network, and Red Pulse Phoenix Network merged in November 2020. The merger created a larger, more powerful infrastructure and ecosystem effectively leveraging the best resources both companies have to offer (technology, platforms, token economics, liquidity, human talent, investor base, and marketing). Red Pulse was a market intelligence platform while Apex Network is a next generation Business-to-Company (B2C) information and value exchange infrastructure powered by blockchain technology. As a result of the rebranding, the Phoenix Red Pulse token, PHX, issued on the NEO blockchain was changed to Red Pulse Phoenix Binance (PHB), a BEP-20 token. The PHB token ticker remained, and now represents Phoenix Global phoenix.global

  4. Critical features on Phoenix Global Blockchain that make it ideal for dApps Some of the critical features of Phoenix Global Blockchain that make it stand out when it comes to developing and deploying dApps are: Proprietary Oracle – Allows developers to easily connect their dApps to external data sources and systems through a proprietary integration middleware. Enterprise Sidechains – Allow developers to scale their dApps using multiple sidechains and separate the enterprise-level sidechains from the leading network. phoenix.global

  5. Two-fold Consensus Mechanism – This consensus mechanism combines agility and performance to allow developers to create dApps where assets can be easily transferred between the main and sidechains. Multi-layered Smart Contracts – This allows some components of the developed dApps to be stored off-chain to ensure that the dApps are scalable, flexible, and easily deployable. phoenix.global

  6. Phoenix Global introduced a new Defi platform called Horizon Protocol After unveiling Phoenix Global, a new DeFi platform was announced called Horizon Protocol which offers users exposure to synthetic assets pegged on real-world assets. Horizon Protocol is a decentralized finance ecosystem that allows users to trade synthetic assets using Oracles such as Chainlink, Band, and Phoenix Oracle, and the risk/return ratio is the same. The Binance Smart Chain helps facilitate smart contracts’ speedy and dependable processing. High liquidity derivatives platform with optimum scalability and interoperability. Horizon Protocol will also offer derivatives trading, leveraged trading, margin trading, and futures trading for the synthetic assets through its decentralized exchange named Horizon Exchange. phoenix.global

  7. BLOCKCHAIN POWERING THE NEXT GENERATION OF CONSUMER APPLICATIONS More Private.More Interactive.More Connected. twitter.com/Phoenix_Chain phoenix.global t.me/APEXcommunity github.com/phoenixglobal phoenixglobal.medium.com www.reddit.com/r/PhoenixGlobal

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