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Phore’s mission is to establish and grow free to low-cost decentralized commerce on a global scale. According to the team, Phore had no ICO/Premine and was self-funded with a view towards sustainability. Phore’s executive team is located in the US and the UK. Phore’s blockchain network is based on a Proof-of-Stake system that rewards participants for helping to keep the network secure through staking and masternodes, offering a passive income. Phore’s sharding architecture that is in development aims to 'provide transactions speeds far beyond what is available today'. The team claims that this new architecture will serve as a platform for smart contracts and unlimited decentralized applications. Phore’s decentralized marketplace is currently available, with decentralized crowdfunding also planned in the future. Phore offers B2B blockchain services for companies interested in leveraging distributed ledger technology for their organizations. reference
Posted on 19 Dec 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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