Cryptopolitan 2021-09-09 05:59:50

How DeFi and Phoenix Global Blockchain Work Together

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. 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 that provided timely, relevant, and actionable insights on Chinese markets 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. 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 ar...