Phenix

The phenix system uses a new blockchain architecture, a public BlockChain with high performance as its goal. Its theoretical TPS performance can exceed 264, faster than current blockchain systems. It will be composed of millions of chains(Ethereum).

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Technology

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Multiple Chains

Multi Chain parallelism is supported to avoid single node resource bottleneck.

The logical relations form a binary tree structure, and the depth of the tree can reach 64, so there can be at most 264 chains.

Each chain only needs to care about its parent chain and two child chains, so the chain processing is simple.

For users, each chain is no different from ETH.

Smart contracts can call system contracts for cross-chain transfer and communication.

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Hash Lock

Hash locking of the front and back blocks on the single chain ensures that the data in the single chain can be traced and cannot be tampered with.

The hash lock of blocks between parent and child chains ensures the traceability and non tamperability of data between chains.

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Cross Chain

Support cross chain transfer within the system.

Allow the same smart contract to be published on different chains.

Allows smart contracts to read data from the other chain, enabling distributed processing and high performance of smart contracts

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Consensus

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Consensus Algorithm

DPOS

Anyone can spend some coins to register as a miner

Unregistered miners have no mining rights

DPOS nodes have the right to supervise, there is no reward for generating blocks

Use VDF+signature mining to limit miners with more equipment

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Block generation speed

The block generation speed is 15 seconds by default.

The block interval of a child chain is 15 / 16 of its parent chain.

It will be fine-tuned by the DPOS nodes.

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Cross chain time

Cross chain data has a fixed life cycle. Through the relative time difference between reading and writing time, we can determine whether the record is reliable.

The synchronization time between the parent and child chains is 4-5 minutes.

The cross chain time is proportional to the distance of the chains (the position of the chain on the binary tree).

Reward

Initial total:100 million.

Recommended rewards: D->C->B->A, D 10 coins, C 5 coins, B 2 coins, A 1 coins. 20 million

IDO: Will be sold directly in Uniswap V3, and will have both the token on ETH and the coins on Phinex, 50 million.

High-quality projects: When the main network is officially launched, 20% of the coins will be rewarded to the high-quality project.20 million

Development team: 10%, synchronously created on eth, 10 million.

Mining rewards: 10 million per chain per year

Token on ETH: 60 million, of which 50 million adds liquidity on Uniswap V3 forever, and 10 million belongs to the development team.