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Main Benefits Of V1 & V2 Smart Chains
We Will Now Explore The Main Benefits Of The PHI v1 & v2 Smart Chains.
There Are Benefits To Both The v1 & v2 Smart Chains Which is Why PHI Has Two Smart Chains.
Below You Will See The Major Benefits Of Each.
V1 Chain:
Private, Fast, Low Cost Transactions. Built For Private Peer To Peer Transactions.
Benefits:
- Private Focused Public Smart Blockchain Built For Fast Real Time Payments.
- Block Explorer Does Not Openly Display Phi20 Token Balances
- Transaction History Is Only Displayed To The Private Key Holder.
- Can Handle Millions Of Transactions A Second.
V2 Chain:
Instant, Private & Extremely Low Cost Payments. Built For High Performance Enterprise Applications & Point Of Sale Merchant Payments.
Benefits:
- 3x-10x Faster Than v1 Chain
- Fees Are 1000x Less Than v1 Chain
- Developer Friendly
- Extensive Consumable API Library
- Built For High Performance Applications
- Wallet Balances Are Openly Displayed On The Block Explorer
- Wallet Transaction History Is Publicly Available