PHM
Reputation Ratings

PHM

Phantom Protocol 2-5 years
Cryptocurrency
Website https://cfx.phm.finance/
Browser
OTH RELPs
White Paper
PHM Avg Price
0.00%
1D

$ 0.00006093 USD

$ 0.00006093 USD

Market Cap

$ 0.00 0.00 USD

$ 0.00 USD

24h trading volume

$ 4,880.99 USD

$ 4,880.99 USD

7d Vol

$ 52,337 USD

$ 52,337 USD

Circulating supply

0.00 0.00 PHM

Related information

Issue Time

2021-09-12

Platform pertained to

--

Current price

$0.00006093USD

Market Cap

$0.00USD

Volume of Transaction

24h

$4,880.99USD

Circulating supply

0.00PHM

Volume of Transaction

7d

$52,337USD

Change

24h

0.00%

Number of Markets

10

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Current Rate0

Available

0.00USD

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PHM Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-0.85%

1Y

+10.22%

All

-99.32%

AspectInformation
Short NamePHM
Full NamePhantom Protocol
Founded Year2021
Support ExchangesLATOKEN,Gate.io
Storage WalletSoftware wallets,hardware wallets,paper wallets

Overview of Phantom Protocol(PHM)

Phantom Protocol (PHM), established in 2021, is a digital asset that has garnered attention in the cryptocurrency world. Supported on exchanges like LATOKEN and Gate.io, PHM is accessible to a variety of investors and traders.

For secure storage, users have the flexibility of using various types of wallets, including software wallets, hardware wallets, and paper wallets, providing options for different levels of security and convenience.

This range of storage solutions highlights PHM's adaptability and its aim to cater to diverse user preferences in the digital asset community.

Overview

Pros and Cons

ProsCons
Focus on user anonymityNot as well-known as other cryptocurrencies
Decentralized systemPotential regulatory scrutiny due to privacy features
Uses blockchain technologyDependent on technological acceptance
Can be mined or purchasedValue can be volatile
Privacy-centric assetInvestment risk

What Makes Phantom Protocol(PHM) Unique?

Phantom Protocol (PHM) is a type of cryptocurrency that brings a distinctive focus on the privacy and anonymity of its users. Its leading innovation lies in the way it employs complex mathematical algorithms to ensure the users' identities are concealed during transactional procedures. This characteristic positions Phantom Protocol as a privacy-centric digital asset that offers users the ability to execute transactions without revealing their identities.

This focus on anonymity is a key differentiator compared to other cryptocurrencies. While some cryptocurrencies do offer some degree of privacy, Phantom Protocol takes this one step further by prioritizing privacy at a higher level in its overall architecture.

However, it's important to note that being heavily privacy-focused also brings its unique challenges facing potential regulatory issues as many nations are wary of cryptocurrencies that might potentially facilitate illicit activities due to their strong privacy features. As such, much like every innovation, the practical implementation and the ultimate success of Phantom Protocol in gaining mainstream acceptance requires careful navigation of these challenges.

How Does Phantom Protocol(PHM) Work?

Phantom Protocol (PHM), much like other cryptocurrencies, operates using the innovative technology of blockchain. The blockchain is a chain of digital “blocks” that contain records of transactions. Each block is connected to all the blocks before and after it, making it tough to tamper with a single record because a hacker would need to change the block containing that record as well as those linked to it to avoid detection.

This not only makes the transactions secure but also introduces a level of transparency as the information on the ledger is accessible to anyone on the blockchain network.

In each transaction, the sender would initiate the transfer of PHM to the recipient's blockchain address. The transaction information is then bundled with other transactions into a “block” and added to the “chain” of previous transactions. Miners validate these transactions in the block and, on successful validation, the PHM changes hands.

The unique aspect of Phantom Protocol is its privacy-centric approach. During transactional procedures, it uses complex mathematical algorithms to ensure users' identities are concealed. So while transactions are transparent and traceable on the blockchain, the identities of the people involved in the transactions are not publicly disclosed, adding a layer of privacy to the transactions.

Despite the fact that the protocol is privacy-oriented, anyone can still inspect the transactions and blocks, as they are public, but without knowing the identity of the parties involved. It seeks to strike a balance between transparency and privacy, where all transactions are open, but individuals remain anonymous.

Exchanges to Buy Phantom Protocol(PHM)

To purchase Phantom Protocol (PHM), you can consider the following expanded list of cryptocurrency exchanges.

  • LATOKEN - Already known for supporting PHM, LATOKEN is a versatile platform offering a range of tokens.
  • Gate.io - Another current supporter of PHM, renowned for its security and diverse cryptocurrency options.
  • Binance - One of the largest and most popular exchanges globally, known for its extensive selection of cryptocurrencies and advanced trading features.
  • Coinbase - Ideal for beginners, Coinbase is user-friendly and offers a secure, regulated platform for crypto trading.
  • Kraken - Focused on security and reliability, Kraken is a top choice for both new and experienced traders.
  • Exchanges

    How to Store Phantom Protocol(PHM)?

    Just like other cryptocurrencies, Phantom Protocol (PHM) can be stored in various types of crypto wallets. It's crucial to remember, however, that before choosing a wallet, it's essential to consider factors such as security features, user interface, customer support, and whether it supports Phantom Protocol (PHM).

    The types of wallets you might consider include:

    1. Software Wallets: These are applications that can be installed on a desktop, mobile, or accessed via a web browser. They allow the user to control their keys directly and often provide additional features such as backup and restore capabilities, integrations with hardware wallets, and more. Wallets like Exodus, Atomic Wallet, or Coinomi can be excellent choices, but it will depend on whether they specifically support PHM.

    2. Hardware Wallets: These are physical devices that store the user's private keys offline in 'cold storage.' This method can protect the user against potential software vulnerabilities and is suited for storing large amounts of PHM. Examples include Ledger, Trezor, and KeepKey.

    3. Paper Wallets: A paper wallet refers to physically printed QR codes of a public address and private key. It's a form of cold storage since the printout is entirely offline. This method is secure if properly generated and handled safely, but it could be less convenient for regular transactions.

    4. Metal Wallets: These wallets resemble paper wallets but printed on metal to resist physical damage like fire or water. They are typically used as long-term offline storage or 'deep cold storage' for cryptocurrencies.

    How to store?

    Should You Buy Phantom Protocol(PHM)?

    Cryptocurrency investment, including the Phantom Protocol (PHM), involves significant risk, and it's not suitable for everyone. It's important for potential investors to possess a thorough understanding of cryptocurrencies, blockchain technology, and the specific features of Phantom Protocol, especially its focus on user anonymity and privacy.

    Who might find Phantom Protocol suitable:

    1. Privacy-Conscious Individuals: As Phantom Protocol places a strong emphasis on transaction anonymity, individuals who place a high value on maintaining their privacy in digital transactions may be interested in PHM.

    2. Experienced Cryptocurrency Users: Users with prior experience dealing with cryptocurrencies and blockchain technology would find it easier to understand the workings and potential risks associated with Phantom Protocol.

    3. Risk-Tolerant Investors: As with any cryptocurrency, PHM's value could be highly volatile. Therefore, it's suitable for those who understand and are willing to bear the risks associated with such investments, including potential total loss.

    4. Future-Focused Technologists: Individuals interested in blockchain technology's future and ongoing technological advancement may also be intrigued by Phantom Protocol's privacy-centric features.

    FAQs

    Q: How does the blockchain technology work in Phantom Protocol?

    A: On Phantom Protocol's blockchain, transaction details are transparent and traceable while identities of the users involved remain anonymous, providing a balance between transparency and privacy.

    Q: What kind of risk factors are associated with investing in Phantom Protocol?

    A: Investing in Phantom Protocol involves significant risks including high volatility, regulatory scrutiny due to its privacy features, and dependence on widespread acceptance of its underlying technology - blockchain.

    Q: Who would potentially be interested in Phantom Protocol?

    A: Phantom Protocol may interest privacy-conscious individuals, experienced cryptocurrency users, risk-tolerant investors, and technologists interested in advancements in blockchain technology.

    Q: How to store PHM securely?

    A: PHM can be stored securely in various types of wallets depending on personal needs, including software wallets, hardware wallets, paper wallets, and metal wallets while ensuring necessary security measures are in place such as two-factor authentication and backup procedures.

PHM Market

User Reviews

More

14 ratings

Participate in evaluation
Pontana Na Lampang
The community communication lacks depth and engagement, leaving much to be desired. Emotions are high, but substance is lacking.
2024-06-13 11:09
0
Her Manto
The developer activity of PHM Adoption lacks engagement and innovation, leaving much to be desired. Needs improvement in community interaction and project development.
2024-05-28 16:04
0
GodLight
Not impressed with Volatility's long-term potential content. Lacking depth, unsure about its future. Inconsistent and risky.
2024-04-24 15:18
0
Rat Kung
This project needs to improve its scalability to meet market demands and enhance its long-term potential. The team's transparency and track record are key factors to consider for future growth.
2024-04-08 13:16
0
Edmund Ng
The team's track record shows promise and potential, with a strong foundation and history of success. Their experience and transparency are key strengths, setting them apart in a competitive market. Exciting times ahead!
2024-05-24 09:06
0
Dmess
The community communication content lacks engagement and transparency, impacting user trust and participation. Improvement in interaction is essential for better community support and development progress.
2024-05-06 14:31
0
ttr
The historical price performance of this cryptocurrency has been volatile, posing both risks and long-term potential. The market value and liquidity are factors to consider, along with fundamental aspects versus speculation.
2024-04-23 09:14
0
Isnanto Mch
The fundamentals content of the bonus program is lacking in depth and clarity. It needs improvement to attract more interest and investment.
2024-03-21 12:17
0
Joel
The community sentiment content on PHM is engaging and diverse, reflecting a mix of emotions and active participation. The communication is lively and supportive, highlighting both developer involvement and user enthusiasm.
2024-03-01 10:11
0
Thanh DC
Engaging and informative community updates with a strong emotional connection, fostering active participation and developer support.
2024-05-13 11:16
0
Alai Sattakarm Chuenkumo
Incredible innovation with strong community engagement and potential for long-term growth. Exciting developments in technology and practical applications. Leading team with transparent track record and solid token economics. Security and regulatory compliance are key priorities. Exciting times ahead!
2024-07-29 13:33
0
12han_han
Fantastic audit findings, thorough analysis of security vulnerabilities, clear recommendations for improvement. Confidence-boosting insights for investors.
2024-07-20 19:47
0
Ezel Ezelino
The team has strong experience, reputation, and transparency. They have a proven track record and are highly respected in the industry. Their performance and credibility are exceptional, instilling trust among the community.
2024-07-10 17:50
0
ReyZaL
Innovative blockchain technology with strong scalability and consensus mechanism. Real-world applications solving market needs. Experienced team with transparent track record. Growing user and merchant adoption. Sustainable tokenomics and community trust. Potential regulatory impact and competitive differentiation. Active and supportive developer community. High volatility with promising long-term potential.
2024-03-27 16:37
0