Private key, seed phrase, wallet, blockchain address – man crypto can be confusing! If you feel like you’re not sure which one’s which, then this is the article for you. Here, we get into the nitty-gritty of private keys and recovery phrases, their relationship and the differences between them.

So you’ve bought yourself some crypto – congratulations! But how do you keep it secure? With a crypto wallet, of course.

The purpose of a crypto wallet is actually not to store your crypto – your coins and tokens live on the blockchain – but instead, to secure your private keys. And when you begin using your wallet, it will also generate an important piece of data that you need to safeguard – your 24-word recovery phrase.

SAME SAME – BUT DIFFERENT

Your private key and recovery phrase are two halves of the same whole – in fact, your recovery phrase is simply your private key in a different format. This can make it hard to understand the purpose and differences between these two concepts, and consequently, how to keep them safe.

So here, let’s take a deep dive into your private key and recovery phrase, the relationship between them, and the risks faced by each one, so you can manage your crypto with absolute confidence.

HWG!

PRIVATE KEYS – INVISIBLE MASTERS OF CRYPTO

When all is said and done, private keys are the central element of crypto ownership. Blockchain is a digital storage network, and having the private key for a given blockchain address means that you control everything at that address.

SO WHERE DOES THE PRIVATE KEY COME FROM?

You generate a private key (along with a corresponding public key) any time you create a blockchain address.

The best way to think about them is by imagining your public key as your email address: it allows others to find you, and send you things. But only the private key (think of this as your email password) lets you open the address, access what’s inside and send things from it.

So in essence your private key is what gives control over crypto assets. This is why it is so important to manage your private key responsibly and ensure nobody else can access it – yet this can be a challenge.

PRIVATE KEYS ARE TRICKY…

Private keys might well be at the centre of your crypto control, but they come with some difficulties.

LONG AND COMPLICATED

In raw form, a private key is a string of 256 alphanumeric characters. Imagine trying to type those digits in accurately each time you transact! A number this complex isn’t really a practical way for human to sign transactions, and is prone to mistakes. Remember – a mistake on the blockchain cannot be undone, so the sheer length of private keys makes them a risky piece of data.

PRYING EYES ARE ALWAYS LURKING

And that’s not all. Since your private key gives access to your blockchain address, it is a huge target for opportunists looking to steal your crypto. So although you need this data on a regular basis if you’re transacting with crypto, you also need to ensure it stays completely private and unseen.

RECOVERY PHRASE: YOUR CRYPTO FINGERPRINT

The recovery phrase – sometimes called the seed phrase or mnemonic phrase – is a 12, 18, or 24-word pattern generated each time a new wallet is created. Unlike your private key, which relates to just one blockchain address, the recovery phrase is a derivative of your entire wallet, and all private keys stored there.

In layman’s terms, a recover phrase is the “master key” for all of your crypto accounts – it is your private keys in mnemonic form. These words, when entered into another crypto wallet (in the correct order) will recover all of the private keys you were storing on your original wallet. The purpose? Giving you control. Having this phrase means that even if you lose your physical hardware device, you’ll still have access to your blockchain assets.

BIP-39 STANDARD – MAKING CRYPTO WALLETS INTEROPERABLE

It may seem like a string of random words, but in fact the format of your recovery phrase is exactly what enables you to stay in control of your crypto.

Any time a crypto wallet generates a recovery phrase, the words are selected from a list of 2048 possibilities, referred to as the BIP-39 standard Word List – more or less all wallets, including the Ledger Nano, generate recovery phrases using words from this list.

By doing so, we ensure that you, the user, can access your crypto accounts from any other wallet – sort of like having a charger that fits any phone. Imagine if every wallet required a recovery phrase in a different format – your access to your crypto would be dependent on whichever type of recovery phrase you were using, meaning you don’t really control your crypto at all.

So by using the BIP-39 standard for generating your recovery phrase, Ledger (and all other wallets using the same standard) makes sure that you own your crypto assets, not your wallet provider.

RECOVERY PHRASE VULNERABILITIES

So your recovery phrase is sort of a shorthand for all of your private keys which gives you absolute control over all of your assets, even without your wallet – but it also entails some major vulnerabilities, and these need to be factored into the way you manage it.

GIVES ACCESS TO MULTIPLE CRYPTO ACCOUNTS

Unlike a private key, which corresponds to just one crypto account, the recovery phrase gives instant access to every currency in your wallet. So if it falls into the wrong hands, the potential risk to your crypto is far greater.

MANAGED BY YOU – USEFUL TO ANYONE

And more importantly, unlike a private key, which is always concealed inside your wallet, the recovery phrase needs to be physically written down and managed by you.

How you do this will define your security, because it can be used by anyone, on any other wallet – so if someone else gets hold of this phrase, consider your assets gone. So let’s take a look at the best ways of storing your recovery phrase, to make sure your private keys stay absolutely safe when you’re using your wallet.

STORING YOUR RECOVERY PHRASE SAFELY

The whole objective of using a hardware wallet is to keep your private keys away from threats, including both online and offline vectors. So it is essential that you treat your recovery phrase with the same care.

KEEP IT OFFLINE

Storing your recovery phrase on a connected device completely defeats the purpose of using a hardware wallet: just like a private key, a hack or malware deployed via your connection could simply target your phrase, and access your whole wallet.

STAY FIRE AND WATER PROOF

In crypto, there is no customer service, no support team and no online database of your details. There’s just you and your recovery sheet. That’s it.

It might seem obvious, but keeping your recovery sheet in a place where it cannot be damaged by fire or water is a must – either of these things could potentially destroy your only backup.

Luckily, products like the Cryptosteel Capsule Solo and the Billfodl both enable you to record your recovery phrase on a steel back-up, making it resistant to fire, water damage and more or less all physical threats. That means your recovery phrase stays safe and secure on a medium that cannot be destroyed.

AND OF COURSE – KEEP IT HIDDEN!

Your recovery phrase is a record of all your private keys. This means that storing it in a place known only to you is a fundamental part of keeping it safe.

With your private keys safely inside your Ledger device, yet readily available to you for transactions, you will rarely use your recovery phrase. That’s the way it’s meant to be! So take your time, think carefully about where to store your phrase and make sure that safety is your top priority when deciding. It may be the most important thing you do.

Introduction

PHI Smart Chain is an open-source Decentralized Autonomous Economy (DAE), programable smart contracts platform built for decentralized and enterprise-level applications, in one highly scalable ecosystem. PHI Network is home for digital store of value, decentralized infrastructure, and applications, ready and built to scale for global usage and adoption. It is compatible and interoperable with Ethereum and other EVM networks, and Solidity is natively compatible, making it easy and quick for Ethereum developers to build, deploy, or fork from existing open-source infrastructure built on other networks. A noticeable difference between PHI Network and other decentralized networks is the structuring of our consensus protocol. It leverages on a novel concept named Hybrid Consensus Algorithm, and ensures decentralization, quick finality, and high throughput, without compromising on scalability and energy efficiency.

PHI, Φ

PHI- or Φ - is the native token of PHI Network. It is a low supply and scarce asset that is used to pay for usage fees, to secure PHI public ledgers, as a means of exchange, payment, and as a basic unit of account for applications and protocols. Validators receive Φ as reward for sealing a block, and part of the usage fees users pay for submitting transactions to the network's public ledger.

Powering Decentralized Infrastructure

Public Ledgers

PHI Smart Chain official public ledger, PHI Smart Chain (v2) Chain ID 144. Anyone can connect and use the public ledger.

Private Ledgers

PHI Network can also be deployed on a private and controlled environment, which is ideal for governmental, development, and enterprise-level applications. Our company also develops and maintains a full suite of applications that facilitate and promote the usage of PHI Network with privately controlled ledgers, that allows users to create and deploy a production blockchain with just a few clicks.

Compatibility & Interoperability

PHI Smart Chain leverages on the Ethereum Virtual Machine (EVM) for its smart contracts, and this means that its platforms, tokens, protocols, and dApps are compatible and interoperable with other networks that uses the same algorithm to calculate addresses, and EVM for smart contract compatibility. Some major examples of other networks that can be deemed compatible with PHI Network are Ethereum, Avalanche, Fantom Opera, and Binance Smart Chain.

Proof Of Use Consenus

Proof-of-Use (PoU) Consensus: Phi Network uses PoU as its consensus mechanism, rewarding network participants based on actual resource usage, which helps distribute rewards more fairly. PHI Smart Chains Use the Genesis Block For Validation Block Rewards Are Produced To Users Based On Participation. Users Contribute Assets & Are Rewarded PHI For Their Contribution.

Key Features

Speed & Block Size

PHI Smart Chain can achieve finality in just a few seconds, with a block size on average 100000x greater than most other blockchain networks. The structure PHI uses to validate and seal blocks also strongly influences the blocks' mining time. This allows better management of difficulty and hashpower to achieve optimal performance and consistency.

Security

The security inherent to the PoW mechanism is present on PHI Network while still allowing it to enjoy all the benefits - including the low energy consumption - of PoS and PoA networks.

High Throughput

The greater block size, aligned with PHI's novel HCA mechanism, allows a consistent minimum of 9,995tps, and upwards of 1,000,000tps while processing raw transactions, compared to about 7tps on Bitcoin and 13tps on Ethereum (Eth1.0).

Smart Contract Compatible

PHI Smart Chain leverages the Ethereum Virtual Machine (EVM) to offer smart contract functionality, meaning it is 100% compatible with any platform coded in Solidity and/or deployed on any other EVM, making it possible for developers to migrate over.

Low Cost

The transaction costs are minimal, and PHI has influence mechanisms to ensure it always remains this way.

Need Help?

PHI Φ is PHI network's native and primary token. Initially deployed on Ethereum, we have expanded its compatibility and use-cases by making it the native token of PHI Network & PHI Smart Chain. We also have extend its availability to Polygon and Binance Smart Chain. You can use PHI to:

• Pay for network and gas fees on PHI Smart Chain;

• Participate in securing the network by becoming a validator;

• Execute cross-border, trustless, and fast payments;

• Exercise on-chain governance on PHI Network; and

• Pay for products and services on affiliated marketplaces;

Basic Information

Name: PHI

Symbol: Φ

Standard: Native/ERC20/BEP20/Matic

Available Networks: PHI Network, Ethereum, Binance, Polygon

Contract Addresses

Wrapped PHI Contract Address (wPHI)

0x1278e0AdBc93291A54384594A9c27Da9f5890a9F

USDT Contract Address (usdt)

0x2d58D587F0E23ae8341e7e2682608814eA223Dfd

Ethereum Contract Address

0x2d55344bc1f72e0ccbee2d8d2eab503dedff67c8

Binance Smart Chain Contract Address

0x11e4a0da746a43b70b15d58babbde809cd22dbd2

Polygon Matic Contract Address

0xd56fd957027cef9e3fd122d99df0b250f066a31f

Token Economics

PHI token economics promote fair distribution amongst the community, scarcity, and holding incentives for users. A small portion of its supply is burned every time a user sends a transaction on PHI Network, and this ensures balance to the nature of the tokens, as they are used to pay for block rewards on the network.

Supply

PHI Network

There were PHI 10,000,000 (ten million) pre-mined in PHI genesis block.

Pre-Mined Supply: 10,000,000

Deflation Rate

PHI is burnt every transaction on every block mined, thus bringing an inflationary element to the economics of the coin. This will be countered by the built-in burning mechanism that burns the fees used to pay for transactions.

Usage Fees & Burning Mechanism

PHI Network distributes part of the gas fees used to pay for transactions, these fees are automatically burned by the protocol.

Tokens Initial Allocation

Community Distribution and Direct Token Sales

Out of the total supply, 1,000,000 tokens were - or will be - allocated to be distributed to the community in different stages of the project.

Staking Rewards & Community Incentives

A total of 1,000,000 tokens have been set aside for community incentives, staking, and farming rewards,

Development Incentives & Operations

A total of 1,000,000 tokens have been set aside for assisting protocols and platforms to deploy on PHI Network, and to pay for operational expenses, such as salaries, etc. We have used a good part of the portion of these allocation in our buyback program.

PHI.Network Wallet

• Used For Sending & Receiving Only To PHI.Network Usernames.

• The Wallet Used To Mine PHI

• Balance Is Completely Private

• Simple To Use No Need To Save Private Keys.

• Login With Password & Username

• Instant Transaction Speeds

• No Gas Fees

PHI Smart Chains

• Ethereum Virtual Machine Interoperability

• Build Tokenized Economies

• Self Custodial

• Build Decentralized Unstoppable Applications

• Create Custom Crypto Tokens

• Deploy Smart Contracts

• Make Payments To Any EVM Compatible Wallet

• Integratabtle Into Any Crypto Wallet

• Super Computers That Run High Performance On Chain Applications

• Opensource

Can I Move Funds From PHI.Network Wallet To The PHI Smart Chains?

Yes

Deposit To PHI.Network Wallet

To Deposit To PHI.Network Username Wallet Use This Form Here.

1. Select PHI As The Payment Method

2. Then In The Redemption Form Select PHI.Network Username Wallet As Chain Type.

Withdraw From PHI.Network Wallet To PHI Smart Chains

To Withdraw from PHI.Network Wallet To Either Of The PHI Smart Chains

Use These Instructions Here:

Phicash (Φ$) Is An Algorithmic Stable Coin Pegged To The United States Dollar ($USD).

Contract Address:

• 2 Decimals

Phicash Analytics

Swap Phicash on Phiswap

Add Phicash Liquidity On Phiswap

Algorithmic Store Of Value Pegged At $1

What are algorithmic stablecoins?

Algorithm can be an obfuscating word. But it simply means a set of code that instructs a process. So, for example, what you get to see on your Facebook timeline is determined by Facebook’s timeline algorithms, which include things like how relevant the post is to you based on your past online behavior. In crypto, an algorithm refers to pieces of code on the blockchain, as encoded in a set of smart contracts.

Cryptocurrencies – similar to all assets in the market, such as houses or stocks – move up and down in price depending on the market demand and the supply of the asset. This also includes stablecoins because they’re essentially cryptocurrencies freely traded on the market.

To prevent the price of a stablecoin depegging – moving away from $1 – while subject to market conditions, algorithms regulate supply and demand. When there’s too much demand for an asset but little supply of it, the price of that asset goes up – and vice versa.

How does the pegging of Φ$ work?

Φ$ has a soft-peg to the value of the US Dollar, and its price are constantly rebalanced to ensure the 1:1 ratio to the USD is maintained. It does it with the help of the following mechanisms:

• Supply rebasing (aka burning, minting tokens),

• Increasing and decreasing of the backing reserves' ratio,

• Open market price arbitrage,

is also working to offer officially supported fiat onramp and offramp options for users to buy in and cash out of Φ$ on a fixed 1:1 ratio to the US Dollar, which will further strengthen its pegging on-chain.

What backs Φ$?

Φ$ is backed by Φ at a minimum of a 5:1 ratio. That means that for every $1 worth of Φ$, there are $5 worth of Φ in reserves backing it.

All these reserves can be audited in real-time by the community and the treasury wallet address will be made available to the general public.

What is consensus in a DAE context?

When the subject is cryptographic networks, consensus can be defined as being the task of getting a group of computers or to come to an agreement as for the current state of the network ledger or database. The steps used for these computers to reach to this agreement is called a consensus mechanism, or consensus protocol.

PHI Network's Consensus Mechanism

​ uses a novel consensus mechanism called Hybrid Consensus Algorithm, or HCA. It is based on the standard, well-known, and stress-tested Nakamoto Proof of Work concept, with the implementation of a modified Ethash algorithm for mining and sealing blocks.

Hybrid Consensus Algorithm

The Hybrid Consensus Algorithm is a novel structuring standard for decentralized infrastructure, which invokes different elements of, , and to create a secure, democratic, reliable, and scalable network. The concept is relatively simple, and implies on controlledand participation input. The Genesis Block Validates & Seals Transactions Users & Rewarded By Contribution of Assets.

Controlled Mining

The controlled mining is important for three main reasons: energy efficiency, applicability of penalties for misbehaving, speed. Energy Efficiency

An essential element and major drawback of standard PoW applications, controlled mining helps avoiding the usage of energy-intensive hardware, as well as makes it possible for the network to be secure and decentralized with just a fraction of the number of nodes and miners required on a standard PoW network. Applicability of Penalties for MisbehavingControlled mining is a prime component of the HCA because it allows the creation and distribution of validator keys; the exchange of these keys for a consignment of a set amount of funds from the validator; and enables the community to penalize these validators if they misbehave, by burning – or slashing - these funds.

This creates a huge financial disincentive to misbehave and addresses one of the most critical security concerns with standard PoW applications.

After all, if a miner gathers enough hashpower to manipulate the network (eg. with a 51% attack) and decides to do so, there are no real consequences to their actions (), once no one can realistically break into their premises and seize their mining equipment. Also, these individuals are often anonymous, so any legal and/or criminal accountability is also very unlikely.

With having validator keys that can be revoked at any time, and their funds consigned, it is much less likely for them to misbehave, as they will not only have a lot to lose financially, but the fact their identities are known and verified means that legal accountability is at stake, and if a validator misbehave they can be held personally responsible for their actions.

Speed Controlled hashpower also contributes to overall speed, as the rate in which the of the network increases is substantially lower than on standard PoW applications and can be managed in such way that ensures longevity and long-term sustainability for the network.

The Structure

Core Layer or Layer ZeroIt’s the core layer of nodes, and it can have as many nodes as the blockchain constructor wants it to have. It stores a full record of the network’s history and is used as the main layer of security of the network too. It can have one or more nodes with mining enabled, to ensure that even if all validators’ nodes fail, the chain will remain operational.

It needs to have restricted connection parameters to ensure that only nodes from the layer one are allowed to connect and sync. Otherwise, there will not be possible to ensure and achieve controlled mining. Today, even the most basic iterations of Ethereum will offer ways and mechanisms for users to control peer connection requests. Bridging Layer or Layer One

These will be the midpoint between the core of the network and the validator nodes, and can only allow two connections per node, one to a layer zero node, and one to a layer two node. Once this is accomplished, the enode address can be used as the validator key, and distributed to a layer two validator, which will use it to connect and sync.

This layer of nodes can also be used by PHI Network. to revoke validator keys by resetting individual nodes, or to mitigate any potential threats or attacks by shutting down nodes altogether, which would then break the link between a particular validator from which a potential attack is originating, and the main network.Execution Layer or Layer Two

This layer of nodes represent the validators themselves.

They will be granted the right to mine using their validator keys upon consignment of a previously set amount of funds.

PHI Network. can set the mining parameters to ensure fair distribution of rewards, and can use penalties mechanisms to penalize validators that do not work in tandem with these parameters.

The Subnet Layer

To increase your safety, Phimask's Lock Timeout feature will log out after a certain period of time. By default, this period is set to 5 minutes.

Change your lock timeout settings

If you would like to change the Lock Timeout period or disable this feature, follow the steps below:

• Click the settings gear icon in the top right-hand corner of your wallet.

• Click Preferences.

• Click Lock Timeout.

• Here, you can enable/disable the Lock Timeout feature with the toggle and change the lock timeout period using the drop-down selector.

You can find a quick snapshot of your cumulative net worth directly on the Phimask home screen. This value is specific to the account, and chain that is currently selected.

How does it work?

Net Worth is simply the sum of all assets in your wallet denominated by the currency selected in your wallet. The value will be displayed in USD by default, with the option to change the currency by navigating to Preferences > Locale Configuration.

How is my net worth calculated?

Based on the holdings from your Assets list, BlockWallet fetches token prices from CoinGecko, before calculating the sum of all your assets to get your total net worth.

Keep in mind that BlockWallet only considers the tokens currently visible on your Assets list for the net worth calculation. The net worth displayed on BlockWallet may differ from the one shown on a block explorer due to exclusions on your Asset list.

Troubleshooting

If you believe the net worth being displayed is inaccurate, here are some easy questions to troubleshoot the problem:

• Do all your tokens have an associated fiat value in the Assets list? If not, try resetting the wallet or switching back and forth from another network to trigger a reload.

• Do all your assets appear in your Assets list? Make sure all your token holdings appear in your Assets list. If not, you can add it by clicking “+ Add Token” at the bottom of the list.

Remember, this feature shows an approximate value. The actual value in fiat might differ after swaps and bridges.

Are my NFTs counted in my Net Worth?

No. Your NFTs are not counted in Net Worth (yet).

Getting Started If you are ready to connect to public ledgers, you can use the step-by-step guide below to connect, using your Windows, Linux, MacOS, or mobile device.

1) Install a Compatible Wallet

Your wallet will be the gateway that will allow you to connect to either the public or any private ledgers you deploy, and will enable you to send and receive funds, NFTs, and connect to Web 3 applications on the internet.

It is important to keep your information secure, and setup your wallet on a device that is free of viruses and other malicious threats, as well as not publicly accessible.

To start the process, you will need to install and setup a compatible wallet to connect to a ledger, and start using PHI Smart Chain.

We recommend that you only use officially supported wallets, as unsupported wallets can pose a direct threat to your funds, finances, and assets.

Please be aware that it you are solely responsible for protecting your funds and assets on PHI Network, and due to the decentralized nature of the Smart Chain, PHI Support has no means of recovering stolen or locked funds. Although Funds Are Not Recoverable PHI Labs Has Launched A Novel Protocol Called PHI.Insure That Insures Each Wallet Address Up To $1,000,000,000 In PHI To Protect You In Case Of Stolen or Lost Funds.

2) Setup Your Wallet

This step will be different depending on the wallet you chose, but some basic principles apply when setting up your wallet:

• A wallet software can take various forms, and be compatible with various different devices. You can have wallets on browser extensions, desktops, and mobile devices, and you can have them all synchronized and integrated, so you can carry and use your digital assets anywhere you go.

• If you decide to use any of the alternative compatible wallets, besides alpha wallet, you will normally, need to manually add PHI Smart Chain to the list of supported networks, and you can use the Wallet Setup tutorial to get some help with that.

• You can set up various different wallets/accounts under a single mnemonic phrase - or seed phrase. Make sure this phrase is safely stored and protected, as anyone that has it can access your wallets and submit transactions.

• Each individual wallet will have a public key, which are referred to as your wallet address, and a private key, which can be used to add your wallet to different devices, and wallet software. Make sure to protect your private keys very well, as they anyone that has it will be able to access your wallet and sign transactions with it.

Create a New Smart Chain Wallet Using PHI Holdings

Additional Wallet Setup Configurations.

How To Import PHI Network Profile Wallet Private Key

3) Get Some PHI (Φ) Or Phicash (Φ$)

Once you have your wallet setup and connected to PHI Smart Chain, it's time for you to get some PHI (Φ) or Phicash (Φ$). There are a few ways you can get some:

• Ask a friend to sell you some PHI (Φ) or Phicash (Φ$);

• Sell An Asset, Product Or Service For PHI (Φ) or Phicash (Φ$)

• Contribute BTC & Redeem PHI or Phicash to your wallet;

• Earn PHI on PHI.Network

4) Start using it!

If you got this far, you are ready to start using PHI Smart Chain! You might want to explore our ecosystem of dApps and platforms, and discover the brave new world awaiting for you out there.We also strongly recommend you to join our public community groups, as there you will find fellow users and friends, and engage on interesting conversations.

Feel free to join At PHI.Network

List of Supported Wallets

You will need a wallet to use PHI Smart Chain. As you will find many compatible wallets out there, we officially support only the ones listed below, and strongly advise you to give them preference over untested and unknown wallet providers, as it can result in all your funds and assets being at risk.

Recommended Wallets:

Desktop Browser Extension Wallet

(Mobile dApp Browser Wallet Coming Soon 9/1/23)

PWA Wallet For Send, Receive & Exchange

Available as a PWA mobile app, PHI Holdings equips you with a key vault, secure login, token wallet, and token exchange - everything you need to manage your digital assets.

Compatibility: Mobile PWA

Download: Official Download

3rd Party PHI Wallets:

Open Web3 with Wallet 3

• Designed based on asset security

• Multi-chain tokens and NFT digital assets

• A built-in Web3 browser that can be compatible with Metamask

• Unreserved open-source code for auditing

• Signin With Apple and Google Account

Compatibility: Mobile Dapp Browser

Download: Official Download

Available as a browser extension and as a mobile app, MetaMask equips you with a key vault, secure login, token wallet, and token exchange - everything you need to manage your digital assets.

Compatibility: Browser Extension, Mobile

Download: Official Download

The ultimate Web3 Wallet to power your tokens.

AlphaWallet is the only self-custodial wallet, that’s 100% open source. Production Ready, simply customize for your tokens and launch your MVP in 1/5 of the time. Built by web3 engineers, for the community.

Compatibility: Mobile

Download: Official Download

Back Up PHI Network Self-Custodial Native Smart Chain Wallet

Very Basic Send & Receive Features on v1 Chain. Good For generating Paper Wallets & Sending Offline Transactions. Also Can Login With Key Store. Currently Only Integrated With The v1 Smart Chain.

Available as a browser extension and as a mobile app, PHI Wallet equips you with a key vault, secure login, token wallet, everything you need to manage, receive & send your digital assets. One of the Special Features of this wallet is ability to create a paper wallet.

Compatibility: Browser Extension, Mobile PWA

Download: Official Download

Additional 3rd Party Wallets Compatible With PHI Smart Chain:

Coinbase Wallet is a self-custody crypto wallet, putting you in control of your crypto, keys, and data. Now you can safely store crypto and rare NFTs in one place.

Compatibility: Browser Extension, Mobile

Download: Official Download

imToken is an easy and secure digital wallet trusted by millions.

Compatibility: Mobile

Download: Official Download

Supports all the leading chains/cryptocurrencies (Bitcoin, PHI, Ethereum, BNB, TRON, HECO, MATIC, AVAX, OKT, EOS, FTM, Polkadot, Cosmos, IOST, etc.

Compatibility: Browser Extension, Mobile

Mobile Download: Download

Browser Extension: Download

Download Brave

Integrating Your Wallet

If you have developed a wallet that is compatible with PHI Network, you can submit your Github repository link to have it listed here. We will stress-test your code, and if it fulfills our requirements and is to the satisfaction of our integration team, your wallet will be listed as officially supported.The requirements for new wallets to be officially supported are:

• Have a verifiable open-source code, preferably hosted on Github;

• Have a reputable and competent team behind the project;

• Support both native and PHI20 token transactions at minimum;

• Strictly store private keys and mnemonic information locally;

Connection Details

You will need to setup your wallet in order to use PHI Smart Chain, and you can use the parameters below to configure it with your preferred wallet provider. If you are using a private ledger, you will have to contact your server administrator to request the connection parameters of the network you are trying to connect to.

Fastest Way To Automatically Set Up Both Chains Within Any Web3 Wallet Is Go To

Connect Your Wallet Within Your Wallets Dapp Browser By Clicking "Metamask" Even If Your Inside Another Wallets Dapp Browser. Do This With Each Each Exchange & The Chains Will Be Automatically Added To Your Wallet.

Below You Will Find The Manual Connection Details.

PHI Smart Chain Connection Details:

• Network Name: PHI

• New RPC URL: https://connect.phi.network

• Chain ID: 144

• Symbol: Φ

• Block Explorer: https://phiscan.com

Specific Alternative 3rd Party Wallet Guided Setup Instructions

Alternative RPCs

Connecting to Private Ledger

If you have deployed and is trying to connect to a private ledger, you will have to setup your own RPC, and use a regular wallet to connect to it.The settings can change on a case-to-case basis, and more documentation with specific instructions will be produced once we have launched our private ledger applications suite.

Want to deploy a public RPC?

By Default Every Username When Created On PHI.Network Has An Associated Smart Chain Address Linked To It. You Can View & Use This Wallet By Exporting The That Can Be Found On The of PHI.Network App.

1) Click The PHI Icon Navigation Button In The Bottom Left Hand Corner.

1.a Then Select The Wallet Icon

2)Scroll Down On The Wallet Page Below The Wallet Send Feature & Account History

2.a Click "Network Profile Smart Chain Details:"

3)Click The Copy Symbol To Copy Your Private Key To The Wallet That Is Connected To Your PHI Network Username.

4) Now Go To Your Wallet And Import Your Private Keys

Connect With Chainlist ​ has integrated with , and you can use their platform as an easy way to setup your , without having to manually input the connection details. Follow the steps below for an easy walk-through.

Step 1

The fist step is to open , which you can do by , or typing https://chainlist.org/ on your browser.

Step 2

Type 'phi' on the search bar to retrieve the network's public information.

Step 3

Now just click on the Connect Wallet button, and a pop up should appear for you to confirm and add the network to your wallet

Additional Back Up PHI Branded Wallet

This Wallet Allows For The Creation Of Paper Wallets.

How To Import PHI Profile Smart Chain Wallet To PHI Wallet.

Available as a browser extension and as a mobile app, MetaMask equips you with a key vault, secure login, token wallet, and token exchange - everything you need to manage your digital assets.

Compatibility: Browser Extension, Mobile

Follow the step by step Instructions below to set up your & connect to

Step 1.

Step 2.

Fill In All the fields with the network information (Do Not Leave the (Optional) Fields Blank They Are Not Optional Fill In The Form Entirely) as shown in the picture below.

PHI Smart Chain Connection Details:

• Network Name: PHI

• New RPC URL: https://connect.phi.network

• Chain ID: 144

• Symbol: Φ

• Block Explorer: https://phiscan.com

Step 3.

Click on "Save"

Congratulations! You have now set up your MetaMask wallet to be used with PHI Smart Chain! You can switch between the different networks by simply using the drop-down menu on the top of your wallet.

There are two options "Metamask" & "WalletConnect"

Select "Metamask" on Desktop

Select "WalletConnect" On Mobile Device

Review Screenshots Below For A Visual Aide

Can I use Φ$ in other networks?

We officially support Φ$ exclusively on PHI Network. Other platforms and protocols might opt to offer support for it outside PHI Network, but caution is always recommended. The general advice is to always check these platform's Φ$ bridging reserves and liquidity before start using them.

Is Φ$ an algorithmic stablecoin?

Φ$ is an algorithmic pegged stablecoin backed by reserves held by PHI Network treasury.

What if it loses its peg?

One Φ$ will always be worth one US Dollar, and there are platforms available for redemption in other stablecoins in different networks. This makes price balancing by arbitrage extremely likely, and over and above that PHI has other mechanisms to ensure the price gets back to peg to avoid the possibility of a decoupling event.

Can I redeem Φ$ in fiat or other stablecoins?

You can redeem Φ$ for any other stablecoin or token available on PHI Network using any decentralized exchange with enough liquidity to back up the transaction. Phi Labs has developed a cross-chain dex/amm as a decentralized on and offramp option for users.

How View Φ$ In Wallet?

1)

2) Follow The Step By Step Visual Aids Below To Connect PHI Smart Chain To Token Pocket Mobile Wallet.

PHI Network Connection Details:

• Network Name: PHI

• Chain ID: 4181

• Symbol: Φ

Congratulations You Have Now Connected Token Pocket Wallet To The PHI Smart Chain.

v1 Chain:

1) Go To

2) Search For The Token You Would Like To Import Into Wallet (Example: BTC)

3) Go Back To Your Wallet & Import The Token Address Into Your Wallet.

Metamask:

Brave:

Token Pocket:

Imtoken:

Alpha Wallet:

PHI20 Token Contract Address

Get Token Information For v2 PHI20 Tokens

Search The Token You Are Looking On Either Resource Then Copy Contract Address Use The Same Walk Through Instructions As Above To Import Your PHI20 Tokens Into Your Wallet.

Transaction Fees To protect the network from spam and DDoS attacks, transacting on PHI Smart Chain requires the payment of a transaction fee. This fee is paid in PHI, and can be broken down in two elements, as explained below.

The Base Fee

Transactions have an average fee of PHI 0.000000000000010007, Which In $USD Terms Is $0.00000001120784 Per Transaction and the network uses an algorithm to determine the base fee for each specific transaction based on the expected computing power required to process it. Factors that can directly influence the cost of a transaction - amongst others - are:

• If the transaction interacts, or not, with a smart contract;

• If there are too many other transactions being submitted at the same time;

• The type of asset you are transferring - PHI20, PHI721, etc;

• Built-in fees from the protocol or application you are using to submit the transaction;

The base fee has no upper bound and is always burned - or destroyed. So every time a user transacts on PHI Smart Chain the supply of PHI is reduced by a certain amount.

The Priority Fee

On top of the base fee, users are able to set a 'tip' for validators to have their transaction processed faster. This is called a 'Priority Fee' and is usually calculated automatically by most modern wallet providers, which will advise you on the optimal fee to set, given the current network state. With very few exceptions, the higher the priority fee, the faster a transaction will be processed. This fee is paid directly to the validators.

Other Fees

While using PHI Smart Chain, users may also face other fees coming from the interaction with smart contracts, protocols, and platforms. While using any application deployed on PHI Smart Chain, users need to make sure they understand the fee structure of the given application before start transacting on or with it.

Fees on Private Networks

​Private networks based on the PHI Smart Chain protocol will work exactly the same way as they do in our public ledgers. The main difference is that by having full control over the network, private users can easily have access to native units of account to cover the usage fees, without never having to worry about them.

PHI Smart Chain V2 Connection Details:

• Network Name: PHI

• RPC URL: https://connect.phi.network​

• Chain ID: 144

• Symbol: Φ

• Block Explorer: https://phiscan.com

• Logo URL: https://dev.phi.network/phistorage/2022/05/phi.png

Additional Information For Developers

Hex Format Chain ID: 0x90

V1 Gas Fee Per Transaction: 0.000002 Gwei (2000 Wei)

New: PHI v2 Gas Fee Per Transaction:

0.000000002 Gwei (2 Wei)

v2 Gas Savings Per Transaction Compared To V1:

• .000002+ Gwei (2000 Wei)

v2 Gas Savings Per Transaction Compared To ETH:

• 20+ Gwei (20,000,000,000+ Wei)

• (Per Wei: Ethereums Operating Cost Is 10,000,000,000X More Expensive Than PHI Smart Chains)

• (Per Converted Dollar Value: Ethereum Is 100,000,000x More Expensive Than PHI)

• 100,000,000+ PHI Transactions For Less $USD Cost Than 1 ETH Transaction.

Gas Fee In PHI = Φ0.000000000000042

Gas Fee In $USD Equivalent: $0.00000004746

PHI20 v2 Gas Fee Per Transaction:

0.000000002 Gwei

Gas Fee In PHI = Φ0.000000000000114484

Gas Fee In $USD Equivalent: $0.00000012936692

Smart Contract Deployment Average Gas Fee Per Transaction:

0.000000002 Gwei

Gas Fee In PHI = Φ0.00000000000551184

Gas Fee In $USD Equivalent: $0.0000062283792

PHI Smart Chain V2 Block Explorer (Phiscan)

Easily Swap Between PHI Smart Chain V1 To PHI Smart Chain V2

Ethereum Gas Fees Real World Example:

ETH Total Received: 18.145476001253482597 ($27,210)

Total Sent: 13.838401569877111802 ($21,210)

Final Balance: 0.000000004 ETH

ETH Total Fees: 4.307074427376370795 ETH ($6,000)

Number of Transactions: 894

$6,000 Cost / 894 Transactions = $6.71 Average Cost Per Transaction

• Network Name: PHI

• New RPC URL: https://rpc1.phi.network/​

• Chain ID: 4181

• Symbol: Φ

• Block Explorer: https://explorer.phi.network

Follow the step by step Instructions below to set up Alpha wallet & connect to PHI Smart Chain

How To Find Select Networks Section Of Alpha Wallet.

Select Settings

Click Select Active Networks

Select PHI

Follow the step by step Instructions below to set up brave wallet & connect to PHI Smart Chain

Chain ID: 4181

Name of the Chain: PHI

Chain’s currency name: PHI

Chain’s currency Symbol: PHI

Chain’s currency decimals: 18

RPC URL: https://rpc1.phi.network/​

Icon Url: https://dev.phi.network/phistorage/2022/05/phi.png

Block Explorer: https://explorer.phi.network

Pricing For Any Asset Listed On Coingecko Will Show Up In Brave Wallet on PHI Chain Such As BTC, ETH, & So on.

PHI Network Connection Details:

• Network Name: PHI

• New RPC URL: https://rpc1.phi.network/​

• Chain ID: 4181

• Symbol: Φ

• Block Explorer: https://explorer.phi.network

Congratulations You Have Now Connected Coinbase Non-custodial Wallet To The PHI Smart Chain.

In Order To Use Decentralized Applications On Your Mobile Device You Will Need To A dApp Browser. You can Access The dApp Browser Within Your Web3 Wallet By Following The Visual Aids Below.

First Understand What Your Private Keys Of Your Wallet Are.

Every Noncustodial Crypto-currency Wallet Has A Private Key.

You Can Think Of The Private Key As The Password To Login To Your Wallet To Use Your Wallet Within A Different App.

The Public Key Is Your Wallets Address or username Where Assets Are Sent.

The Private Keys Are Where Your Assets Are Stored. The Different Wallets & Apps Are Just Viewing Your Private Keys Not Actually Storing Your Assets. Your Assets Are Stored On The Private Key Itself.

1. Find The Private Key For Your Wallet.

   • Depending On Your Wallet The Private Key Will Be Found In Different Locations. Google Search Your Wallet Provider & Private Keys. ("Wallet Name Find Private Key") This Will Give You A Step By Step Guide On How To Find Your Private Key For Your Specific Wallet.

2. Once You've Found Your Private Key You Can Now Import It Into A Different Wallet Interface.

   • Google Search (Wallet Name) How To Import Private Key Into Wallet. This Will Give You A Step by step guide specific to your wallet.

How To Find The Private Key Attached To PHI.Network Username?

Swap Using PHI.Network To v1 & v2

Swap From Smart Chains

1) Go To Buy.Phi.Holdings/swap

2) Send PHI to Deposit Address phinetwork.eth (0x1321c3b62Bd841E12bB9FA77d7778A41e08BF323)

3) Submit The Redemption Form With The Transaction Hash Url.

Once You Have PHI On Both Chains You Can Use The Decentralized Cross-chain Bridge To Easily Move Between Chains By Going to

Now That You Have Created Your PHI.Holdings Wallets.

Get Some BTC In Your Wallet So You Can Exchange It For PHI & Participate In The Largest & Fastest Growing Decentralized Economy In The World.

You can use your Visa or Mastercard To Buy BTC Within The PHI Holdings Interface.

Now Copy Your Bitcoin (BTC) Address, So Your Ready For The Deposit Form, To Receive Your BTC, Once You Have Paid For It With Your Credit Card.

Now That You Have Your BTC Wallet Address Copied.

Go To The Wallet Page Click The Buy Bitcoin (BTC) With Visa/MC. Tab In the middle Of the screen.

Alternatively you can click deposit then click the link "buy btc with credit card".

Both These links will take you to the same destination to buy BTC with a credit card so you can then contribute the BTC for PHI.

Follow The Instructions On The Following Page Enter The Amount of Bitcoin (BTC) You Would Like To Purchase & Submit Your Bitcoin (BTC) Deposit Wallet Address.

1) Add PHI.Holdings To Your Mobile Devices Home Screen.

Congratulations You Have Now Installed PHI Holdings Mobile App To Your Device.

2) Now Lets Create A New PHI Smart Chain Wallet

• Go To Your Home Screen

• Click The PHI Logo To Open The PHI Holdings Wallet Application

• Follow These Step By Step Visual Aides Below.

Android Progressive Web Application Installations Instructions

Install From Google Play Store

Download:

Buying Bitcoin

To purchase bitcoin using your Cash App:

1. Tap the Bitcoin tab on your Cash App home screen

2. Tap Buy BTC

3. Select an amount tap … to enter a custom amount

4. Enter your PIN and select Confirm

Purchasing bitcoin requires that you have a balance in your Cash App. You may also need to enter additional geographical information.

How to buy Bitcoin

When it comes to buying crypto, you have a lot of options. Fortunately you can buy Bitcoin with the anywhere Coinbase is available. It’s quick, easy, and secure. Here’s how to buy Bitcoin with the Coinbase app for U.S. residents.

1. Create a Coinbase account

Download the and start the sign up process. You will need a valid ID and may be asked for proof of address in order to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live.

2. Add a payment method

Tap on the payment method box and connect a payment method. You can use a bank account, debit card or initiate a wire.

3. Start a trade

Press

4. Select Bitcoin from the list of assets

Search for Bitcoin by typing "Bitcoin" into the search bar. When you see Bitcoin show up in the results, tap it to open up the purchase screen.

5. Enter the amount you want to buy

Use the number pad to input the amount you want to spend in your local currency. The app will automatically convert that into a Bitcoin amount.

6. Finalize your purchase

Tap “Preview buy” when ready. You’ll be shown the details of your purchase. Make sure everything looks good and then confirm your purchase. That’s it, you’ve bought Bitcoin.

Sending Bitcoin Using PHI Holdings.

Once You Have Bitcoin (BTC) In Your Wallet Click Send

Paste The Send Address

Enter Amount Of BTC You Would Like To Send

Click Send BTC

Sending Bitcoin On Cash App

On-Chain Transactions

You can send bitcoin to any wallet using the blockchain.

To do so:

1. Tap the Bitcoin tab on your Cash App home screen

2. Tap the Airplane button

3. Choose send Bitcoin

4. Either tap the top left corner of the screen to access the QR code scanner or tap Send to enter the external wallet address manually

5. Tap wallet address to confirm

6. Tap Next

7. Select a withdrawal speed

8. Tap Confirm & Send to initiate your withdrawal.

You need to withdraw at least 0.001 bitcoin to make a withdrawal using the Standard withdrawal speed. Rush and Priority withdrawals have no minimum withdrawal amount.

Limits

Sending Bitcoin has a few limits to be aware of.

Weekly sending limit: $7,500

Sending Bitcoin On Coinbase

Sending crypto from the Coinbase Wallet app

2. Tap Send.

3. Enter the amount you'd like to send and select the asset you'd like to use.

4. Tap Next.

5. Tap the QR code or enter the exact recipient address.

Sending crypto from the Coinbase Wallet extension

1. Select the asset from the Wallet extension.

2. Enter the amount you'd like to send.

3. Enter the recipient's information.

4. Click Send.

If you use a Ledger wallet on the Coinbase Wallet extension, you’ll need to sign/approve the transaction on your Ledger device. Make sure “blind signing" is enabled on the device—blind signing is required to sign/approve transactions. If you have issues completing transactions on your Ledger, see troubleshooting and tips to fix the issue.

First Step Is Getting The Token You Want To Add Contract Address. You Can Find Every Token On PHI Smart Chain Using Phiswap Analytics

Follow The Step By Step Visual Aides To Learn How To Receive PHI To Your Wallet.

3 Ways To Get PHI (Φ) In Your PHI Smart Chain Wallet

1. Withdraw Mined PHI (Φ) From PHI.Network To Smart Chain Wallet

2. Contribute BTC & Other Cryptocurrencies To Have PHI Sent To Your Wallet

3. Offer Something Of Value To PHI Holders & Have Them Send You PHI To Your Wallet Address & Then Send The Offering To The Person You Are Trading With.

Learn How To Send PHI (Φ) In The Guide Below

Now That You Have Successfully Sent BTC To The Contribution Deposit Address For PHI. Go Back To The Contribution Form & Fill In The Form To Redeem Your PHI To Your Wallet.

Go To The Exchange Page Within PHI Holdings Wallet

Then Click Add Liquidity Next To Swap

Then Enter Amount You Would Like To Add To Liquidity.

Make Sure You Have Enough Of Both The Tokens You Are Provided. Liquidity Needs To Be Equally Funded On Both Sides Of The Trade.

Go To The Url That Was Sent To You By The Person Who Created The Invoice.

There are two options "Metamask" & "WalletConnect"

Select "Metamask" on desktop

Select "WalletConnect" On Mobile Device

Review Screenshots Below For A Visual Aide

Frequently Asked Questions

Answers For The Most Asked Questions.

A Growing Network Of DeFi Apps.

Developers, traders, and liquidity providers participate together in a financial marketplace that is open and accessible to all.

Developers

Superpowers For DeFi Developers.

Build Defi apps and tools on the largest crypto project on PHI. Get started with quick start guides, protocol documentation, a Javascript SDK, and fully open source code.

Liquidity Providers

Phiswap Independent Liquidity Contract

Phiswap Is A Dex Aggregator Pulling From 3rd Party Liquidity Pools Securing You The Best Available Rates In the PHI Smart Chain & BEP20 Token Market. Stake Φ$ & Generate Passive Income. Phiswap Also Has Its Own Liquidity Pool Contracts. Opening Up A Whole New World Of Possibilities For Developers & Market Makers.

Governed By The Community.

The PHISWAP Protocol is managed by a global community of PHI holders and delegates.

->

Governance Forum

Participate by proposing upgrades and discussing the future of the protocol with the Phiswap community.

->

PHI Network

Vote on PHIchain proposals with the Snapshot interface. Votes are weighted by the number of PHI delegates.

->

Governance Portal

Vote on official Phiswap governance proposals and view past proposals.

Binance Smart Chain Application Details:

Binance Smart Chain (New Liquidity Pools)

Binance Smart Chain (Aggregator)

1) Click Add Liquidity

2) Select Currencies (Top & Bottom)

3) Click Approve (Token) (Confirm In Wallet)

4) Click Supply (Confirm In Wallet)

Creating New Liquidity Pools For Tokens

When Creating A pool For The First Time That Hasn't Been Created Previously For A New Token You Will Need To Set The Initial Rate Of The Token or Tokens.

The Recommendation Is To First Set The Price With USDT Because It Is Easy To Do The Calculations. The Tokens Initial Price Is Derived From The Ratio Of Tokens That Are Supplied On Both Sides.

Once You Have Set The USDT Price Of Your Token.

Get The Current Price Of PHI/USDT

Divide Your Tokens Price per USDT By The Price Of PHI To Know How Many Tokens You Will Need To Supply Per PHI To Have Your Price Rates Consistent Across Both liquidity Pools.

Follow The Visual Aide Screenshots Below To See How To Find Your Address.

Copy Your Address Then You Can Use This Address To Deposit Funds To Your Wallet.

Congratulations You Have Copied Your PHI Smart Chain Wallet Address

What is a transaction hash/hash ID?

A transaction hash/id is a unique string of characters that is given to every transaction that is verified and added to the blockchain. In many cases, a transaction hash is needed in order to locate funds. It commonly appears at the top of the page when viewing your transaction through a block explorer website, or can be found by copying the URL from that same page.

Depending on the type of digital currency that was sent, you can find the transaction hash/id by searching your wallet address on a block explorer. Below are some suggested block explorers:

• BTC:

How To Find PHI Smart Chain Transaction Hash?

2. Go To Transaction History Within Your Wallet.

3. Click The Transaction You Want The Hash Url Tx

4. View On Block Explorer Copy The Block Explorer URL
5. Now You Can Send This Transaction Hash URL As A Receipt To Prove You Have Sent The Funds.

To Swap PHIcash (Φ$) & PHI (Φ)

Use PHIswap

1) Go To Info.Phiswap.com

Additional Compatible PHI Network NFT Marketplace

is a decentralized marketplace that allows users to easily mint, buy and sell built for PHI Smart Chain Cutting Edge Blockchain Technology Online Asset Trade & Management Near Instant Transaction Times & Lowest Transaction Fees.

We apologize but this tutorial is under construction and will be available soon. Please come back in a few days.

We apologize but this tutorial is under construction and will be available soon. Please come back in a few days.

Returns a list of addresses owned by the client.

Result Fields

{addresses} - Array of hex codes as strings representing the addresses.

We apologize but this tutorial is under construction and will be available soon. Please come back in a few days.

Returns the currently configured chain ID.

This value is used in replay-protected transaction signing.

Result Fields{hex} - hex of the current chain ID.

Returns the latest block sealed.

Result Fields{block_number} - A hex code representing the current block number.

Returns an estimate of how much gas will be needed for the transaction to complete. When estimating gas, the transaction will not be automatically added to the network. This cannot be used as a hard indicator, as fluctuations on gas prices can occur very quickly, making estimates inaccurate after just a few seconds.

Request PayloadTransaction Call Object{from} - Address from which the transaction is sent.

* Optional

{to} - Address to which the transaction will be directed. {gas} - Integer of gas provided for transaction.

* Optional

{gas_price} - Integer of the gas price used for each paid gas.

* Optional

{value} - Integer of the value sent with this transaction.

*Optional

{data} - Hash of the method signature and encoded parameters.

* Optional

Result Fields{gas_used} - The amount of gas estimated to be necessary for the transaction to complete.

B

Block - Data structures within the network database, where transaction data in the network is permanently recorded. A block records some or all of the most recent transactions not yet validated by the network. Once the data are validated, the block is closed.

Block Mining Time - Interval of time required for a new block to be created and sealed by a validator.

Block Size - Size of a block sealed and stored in the network's ledger. It determines the maximum amount of computing power the network will dispend or use on a determined time interval, thus indirectly capping the maximum number of transactions that the network can process on that same given interval.

C

Centralised Exchange - Centrally controlled exchange, that can be used for trading, and most of the times for fiat onboarding and offboarding. Commonly referred to as CEXs, these exchanges usually charge high fees and require KYC from users.

Custodial Wallet - wallet services offered by a centralized business such as a cryptocurrency exchange. Custodial wallets have certain benefits, such as less user responsibility regarding private key management.

D

DAG - Stands for Directed Acyclic Graph, which, in simple terms, is an alternative more efficient way to order the blocks on a network. It differs from the standard concept of a blockchain because the blocks are not necessarily ordered linearly.

dApp - Stands for Decentralised Application, and are generically used to describe decentralised platforms and protocols deployed on a public network.

DDoS Attack - A denial-of-service attack is a cyber-attack in which the perpetrator seeks to make a machine or network resource unavailable to its intended users by temporarily or indefinitely disrupting services of a host connected to a network.

Decentralized Exchange - An exchange that operates on a decentralized manner. Normally uses AMM (Automated Market Making) mechanisms, and are known for its relatively lower fees compared to Centralized Exchanges, and all its transactions take place on chain.

Decentralized Autonomous Economy (DAE) - An Economy That operates In a decentralized manner. A Smart contract Governed Economy Secured Using Cryptography.

E

Ethereum Virtual Machine (EVM) Aka "Smart Chain" - The Ethereum Virtual Machine is the software platform that developers can use to create decentralized applications (dApps) on PHI Network, Ethereum, and other compatible networks. This virtual machine integrates & is 100% compatible with PHI Smart Chain.

F

Faucet - Script or platform that distributes free tokens to users. It's most commonly used by new users joining or bridging assets from another network to pay for initial transaction fees.

Finality - State in which a particular transaction is considered final and irreversible by the blockchain.

G

Gas - Usage fee paid by users to interact with the network.

H

Hashpower - Amount of computing power available to the network to process new blocks.

L

Liquidity Pools- Liquidity pools enable users to buy and sell crypto on decentralized exchanges and other DeFi platforms without the need for centralized market makers.

M

Miner - Validator node with mining enabled.

Mining - The act of applying computing power to solve a mathematical problem, in order to seal a and add a new block to the ledger.

Mnemonic Phrase - A mnemonic sentence (“mnemonic code”, “seed phrase”, “seed words”) is a way of representing a large randomly-generated number as a sequence of words, making it easier for humans to store. These words are then used to create a seed, which can be used for generating extended keys in a hierarchical deterministic wallet.

N

Network Difficulty - Indirectly determines how much computing power is needed for a validator to successfully seal a new block.

Node - Node is either or both a redistribution point or a communication endpoint for PHI Network.

Non-Custodial Wallet - you have sole control of your private keys, which in turn control your cryptocurrency and prove the funds are yours. With a custodial wallet, another party controls your private keys. Most custodial wallets these days are web-based exchange wallets.

Non-Fungible Token (NFT) - A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded.

P

PHI20 - Is a programming standard for fungible blockchain based assets, usually called tokens.

PHI721 - Is a programming standard for non-fungible blockchain based assets, commonly called NFTs. There are currently alternatives to the ERC721, such as the ERC11155.

PHI1155 - Is a modern and very efficient multi-token programing standard, compatible with both fungible and non-fungible tokens. It can cut gas usage by 90% in comparison to ERC721 tokens, and its main drawback - in comparison - is that token ownership is harder to track.

PoA - Stands for Proof of Authority, which is a consensus mechanism that users identity verification as a disincentive to misbehave or tamper the network.

PoS - Stands for Proof of Stake, which is a consensus mechanism used by many networks today, and leverages on financial disincentive to avoid misbehaving or tampering of the network by its validators.

PoW - Stands for Proof of Work, which implies on applying using hardware and computing power to seal new blocks on a network.

Private Key - Is a key used to resolve a public key, and can be used to sign transactions. For simplicity, they are usually represented as strings of alphanumeric characters. A cryptocurrency wallet consists of a set of public addresses and private keys.

Private Ledger - A ledger, or database, that is centrally controlled and maintained.

Private Network - A DAG or blockchain network that is centrally controlled and maintained. Usually used for enterprise-level and software development applications.

Public Key - Commonly referred to as the 'wallet address' it can be publicly shared and other participants can use it to send funds to a particular wallet or individual.

Public Ledger - A ledger, or database, that is publicly accessible.

Progressive Web Application (PWA) - is a website that looks and behaves as if it is a mobile app. PWAs are built to take advantage of native mobile device features, without requiring the end user to visit an app store, make a purchase and download software locally.

R

RPC - Stands for Remote Procedure Call, and in this document RPCs are referred to as the network's connection endpoint, used by participants to interact with a public or private ledger.

S

Smart Contracts - Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.

Solidity - Is the programming language used to write smart contracts on PHI Network.

T

Throughput - Normally measured in TPS (transactions-per-second), it refers to the speed in which a network can process incoming transactions.

TPS - Stands for transactions per second, and it's usually a subjective measure of how fast a network can process transactions.

Transaction Fee - Also referred to as Usage Fee or Gas Fee, is the fee users pay when submitting a transaction to the network.

V

Validator - Individual, group of individuals, or entity responsible for setting up and maintaining a Execution Layer Validator Node. Validators have to consign funds with PHI Network to be granted the right to mine, and play a key role on keeping the network fully operational.

Validator Key - Hash key that allows validators to connect to a Bridging Layer node to syncronise, and mine new blocks.

W

Wallet - In the context of this document, wallet is the equivalent of a users' account on the network, that is used to store and manage digital assets. An address can hold a balance of digital assets, and a wallet can control a set of different addresses.

1) Go To Info.phiswap.com

1) Click Start

2) Enter Token Information:

Name:____________________

Symbol:____

Decimal:_____

Total Supply:_____________________

3) Select At Minimum "Can Mint" (IMPORTANT)

4) Click Create Token

5) Confirm Transaction In Wallet

Common Minting Error Fixes:

• Currently Deflationary Settings Wont Work So If You Select Deflationary Settings Token Will Not Mint.

• if "Can Mint" Is Not Selected Token Will Not Mint.

• Make Sure To Click Start Button Or You Will Get An Error When Trying To Select Can Mint.

Now You Are Ready To Create A New PHI20 Token.

Once Token Is Created You Can Use The Contract Address To Import It Into Phiswap.

Then You Can Add Liquidity Using Your PHI & Your Newly Minted Token To Allow Every One In The PHI Economy To Trade Your New Asset.

Releasing the first ever Crosschain DEX AMM - Based on Layer0’s PHIscan

👉Swap your tokens across chains now

With PHI Bridge, PHI now lets you bridge and trade tokens across the following chains (more to come #soon!):

Live Chains

Φ Smart Chain v1

Φ Smart Chain v2

🟡 Binance Chain

∞ Polygon

Coming Soon!

Ξ Ethereum,

🔴 Optimism,

💙 Arbitrum,

🟦 Fantom,

and

🔺 Avalanche

PHI now connects all major chains and rollups, with one easy-to-use dApp interface.

Getting AMMs ready for the Multichain future

As the number of chains and rollups continues to balloon across Web3, one of the largest pain points that has reared its ugly head is a horrific UX; partly due to the complex nature of DeFi itself and partly due to our own choices made so far as a community, the UX across the board has fallen by the wayside. From clunky UI’s to moving assets across chains, the user experience is just simply not all it can be. It is widely believed that this is Web3’s greatest hurdle to mainstream adoption, and it’s one that we take very seriously here at Sushi, since our DeFi apps can be found across numerous (fourteen!) different chains and ecosystems.

To help combat this, we have released PHI Bridge one of the first ever crosschain AMMs, built upon LayerZero’s Stargate protocol. PHI Bridge is a unified, multichain UI for swapping tokens across any of the major chains, with support for more in the pipeline. The two main challenges for crosschain bridges so far have been an implementation-oriented one and a liquidity-based one - it’s tough to keep the UX friction free when numerous bridges each have their own standardizations, while simultaneously trying to find enough liquidity for both sides of the swap.

As an example, consider this: a new chain has just been deployed and you want to get in on some of the early farming action, chasing the sky-high APY. You head to the new canonical bridge that has been set up, input some tokens to bridge over, then… wait! You realize that you actually need the new chain’s own native gas token to make the transfer! You quickly look all around mainnet for some of these new and elusive gas tokens so that your early farming lead isn’t spoiled, only to find that there is next to no liquidity for it anywhere. What to do? Do you bite the bullet and turn to a centralized exchange? Do you simply give up on your alpha you’ve been excited to act upon? Do you beg the unapologetic masses on Twitter?

Luckily for you, PHI Bridge solves these major issues and allows you to spend more time strategizing about your next moves once your assets are actually on the destination chain, without worrying about whether your assets are safe or will even make it while they’re in the cross-chain bridge ether in the first place. Leveraging LayerZero’s groundbreaking omnichain messaging protocol by allowing users to make one-click, chain agnostic swaps, PHI Bridge itself extends the functionality even further, enabling users to then use our own liquidity pools on each chain to get the desired assets on the destination chain. In effect, this means that multiple bridges are in play, regardless of their implementations, as PHI Bridge will efficiently route through all of these separate implementations to find the user the absolute best price for any pair, regardless of the chain they’re using.

The bridging process: User → Bridge → Crosschain → Swap → User

Because its simple, intuitive UI is integrated directly into our swap interface, there will be zero friction in making the switch - as a user, you will now simply be able to leverage the power of PHI Bridge across multiple chains!

Bridge and swap any token, with minimal slippage at best prices

A challenge for crosschain bridges so far has been finding a path with sufficient liquidity on both sides of a swap. We solve this problem by plugging into our own PHI liquidity pools, which are currently deployed on 4 chains. Being able to use this liquidity guarantees our users to always receive the best price for any pair across all the chains.

PHI Bridge swap routing finds the cheapest, fastest and most secure route for any user to get from point A to point B by plugging into Layer0’s PHIscan bridge infrastructure. PHIscan bridges chains securely without compromising on decentralization, which allows PHI Bridge to scale to any number of chains in the future.

To further ensure we can always find the cheapest route and best price between any two tokens on all chains, we will continue to aggregate more bridges in the future. By building PHI Bridge in a modular, composable way, we will simplify the integration of your favorite bridge into our aggregator interface.

This approach to scaling PHI Bridge will set up PHI to become the leading bridge interface and multichain DEX across all major blockchain ecosystems.

Everything you love about AMMs - across all chains

PHI Bridge features all features you already love about Sushi - but across multiple chains:

• Deepest liquidity: Always finds a path to trade on all major chains

• Decentralized: Built on Stargate

• No extra fees: 0.3% standard DEX fee

• Lowest slippage: No reliance on third parties

• Non-custodial: Protocol-managed liquidity

• Fast: Instantly initiate trades on both chains

• Safety guard: Failed transactions save into stablecoins

• Bridge aggregator: Modular bridge API

On PHI Bridge, you can trade tokens and you can LP on any of the listed chains. Here is how:

How to Make a Crosschain Swap

Making a crosschain swap is extremely simple, and will likely be very intuitive for users who have used the PHI UI before. Using PHI Bridge as your crosschain swap choice affords a user the lowest slippage possible, while staying fast and secure.

First off, you’ll need to navigate to Bridge.phi.network and connect your wallet using the button in the top right corner.

Once you are connected, your next task will be determining which assets you are going to bridge along with the source and destination chains. The swap order is the exact same as before: the top chain is the source chain (ie, the wallet you have open on the chain where you currently have the asset(s) you want to move) and the bottom one is the destination chain (ie, where you want your aforementioned asset(s) to wind up). In the upper right-hand side of the swap menu, you will see a small gear icon (as pictured above). The gear icon is used to set slippage tolerance if the default percentage is not satisfactory (0.5%).

Now that you have your swap and the correct chains all set up, you just simply need to input the amounts of each asset like you normally would, then select Approve - unless you have done so already, you will need to execute a one-time transaction (per contract) giving Bridge permission to move your funds around.

Once Bridge has been approved, you only need to select the Confirm Swap button and voila - you’re done! Wait for the transaction to clear on both chains (time will vary depending on the source and destination chains) and you will see your assets on your chosen destination chain in a matter of minutes - an estimated processing time will be shown to you as well.

That’s all there is to it! Now that you know how to make a quick, permissionless and safe crosschain swap, get out there and explore!

As always, if you have any further questions please seek out our Samurais in the #support channel of the PHI Support - they will gladly give you a hand!

Learn How To Make Your New Token Tradable

Welcome To PHI Network

Earn, Entertain. Engage & Exchange All In One Place

Install From Google Play Store

Φ

PHI Network

Zero Fees

PHI Network Social Blockchain Is Free To Use & Transact Value. Members Are never Charged For Sending, Receiving, Exchanging Or Holding Their Value On PHI Network

Zero Fee

Instant Transaction

Private & Secure

Community Owned

PHUTURE OF PHINANCE

Easy To Use, Contribute & Mine

PHI Network Allows Developers To Build Easy To Use Smart Blockchain Applications. Everything A Member Creates Or Shares Using PHI Network Is An NFT With Utility That Collects & Distributes Royalties In PHI For The Value Contributed. Earn, Send, Receive, Exchange Cryptocurrency From Your Mobile Device Effortlessly Without Having To Connect To External Wallets & Pay Gas Fees. Your Username Is Your Wallet Address. On PHI Network Your Social Profile Is Your Wallet. Perform On Network & Off Network Transactions All From One Application.

Decentralized Private & Secure

Limited Supply With No Central Authority. PHI Network Is Owned By The Community Members Based Upon their Contribution & Participation. PHI Network Creates A Fair Community With Real World Value That Is Not Affected By Inflation. Each Member Owns their Own Data & Is Never Tracked. Members Only Provide What Information They Want & Can Be Completely Invisible On The Network While Still Being Able To Earn, Send & Receive PHI. Secured Value That Is 100% Protected From Any Sort of Theft. PHI Network Can Recover Funds Due To User Error & Recover Passwords If Forgotten.

Instant Transactions & 24/7 Support

PHI Network Social Blockchain Is the Only Blockchain In the World That Is Instant. On PHI Network There Is No Waiting For Transaction Confirmations. PHI Network’s Blockchain Can Securely Process & Confirm A Million Transactions A Nanosecond. Never Wait To Send, Receive or Exchange No Matter How Many Transactions Are Sent At Once. 24/7 Community Support Staff To Help Solve Any Technical Issues For Community Members.

Share Content, Engage With Friends & Search The Web

PHI Network Is The Only Blockchain In the World That Allows You To Connect With Friends, Meet New People, Earn Value & Transact Peer To Peer In One Application. Privately, Search The Web, Chat With Friends Via Video, Text & Voice. Create Groups & Share Your Favorite Moments With The World. Add All Your Alternative Social Media Profiles & Links To Your PHI Network Profile. Display All Your Profiles, Credentials & Links On One Easily To Navigate Profile Page While Earning PHI For Every Visit.

Community Owned Social Blockchain

FAQ

• You can create a wallet address with a custom username by creating an account with an email. Once account is created with custom available username you can link any amount of crypto wallets you would like to login.

2) Fill Out Information

• Username/wallet address (This Will Be Used To Receive Funds & Be Mentioned On PHI.NETWORK)

• Email Address (Provide A Valid Email Address)

• A Strong Password Is Required (Treat PHI.NETWORK With The Level Of Security You Would Your Traditional Bank Account 2FA Also Available For Additional Security)

• Phone Number(PHI Can Be Sent & Received By Members Using Phone Numbers (Choose Who can see Phone Number Information)

• Also Available Is The Use Of Facebook Account Creation By Hitting The Facebook Icon. PHI.Network Account Will Be Created Using Your Facebook Information.

• Use your Google account to create & login to PHI.Network by clicking the google logo on login or registration form.

3) Click Sign Up

• You Will Automatically Be Redirected To Your New PHI.Network Profile

Welcome & Congratulations

Earn, Entertain, Engage & Exchange

All In One Place

1) Go To Your or To Be Taken Directly To The PHI.Network Withdraw To Smart Chain Function.

2) Fill In The Amount Where It Says Withdraw To Smart Chain

3) In The Message Box Put The Smart Chain Wallet Address You Want To Receive Your Withdraw.

• If No Address Is Specified In The Messages PHI Will Be Sent To The Smart Chain Wallet That Is Connected To Your PHI.Network Account By Default.

• You Can Find The Private Keys To Your PHI.Network Profile Wallet

4) Click Withdraw

Private Crypto Exchange

Secure & Easy To Use.

Deposit, Exchange, Withdraw Without KYC.

Over 300+ Assets.

Available Everywhere.

Decentralized Messaging

Meet & Share Privately With People From Around The World.

This is a simple and easy to use chatroom. Join us now and talk to people from all over the world. Our mission is to share and grow the world’s knowledge. A vast amount of the knowledge that would be valuable to many people is currently only available to a few — either locked in people’s heads, or only accessible to select groups. We want to connect the people who have knowledge to the people who need it, to bring together people with different perspectives so they can understand each other better, and to empower everyone to share their knowledge for the benefit of the rest of the world.

A chat room is a Web site, part of a Web site, or part of an online service, that provides a venue for communities of users with a common interest to communicate in real time. Forums and discussion groups, in comparison, allow users to post messages but don't have the capacity for interactive messaging. Most chat rooms don't require users to have any special software; those that do, such as Internet Relay Chat (IRC) allow users to download it from the Internet.

Chat room users register for the chat room of their choice, choose a user name and password, and log into a particular room (most sites have multiple chat rooms). Inside the chat room, generally there is a list of the people currently online, who also are alerted that another person has entered the chat room. To chat, users type a message into a text box. The message is almost immediately visible in the larger communal message area and other users respond. Users can enter chat rooms and read messages without sending any, a practice known as lurking.

Because chat room messages are spontaneous and instantly visible, there is a potential for abuse, which may or may not be intentional. Site hosts typically post a frequently asked questions (FAQ) list to guide users to appropriate chat room behavior, such as introducing yourself when you enter a room, making it clear when you are directing a question or response to a specific user, and reporting disruptive users, for example. Disruptive users may verbally abuse other chatters, monopolize the conversation, or even just disable it by repeatedly typing the same word or phrase into the conversation, a practice (much frowned upon) known as scrolling.

Chat rooms can be found that focus on virtually any aspect of human endeavor or interest: there are current communities based on classic movies, Irish ancestry, baton twirling, and psychic readings, for example. Various sites, such as Yahoo, provide a directory of chat sites. Others, such as MSN Web Communities, guide users through the steps required to create their own chat room.

We have exposed an integrated development environment in the browser that includes docs, syntax highlighting, and validation errors.

Click the link below to access the interface.

V1 Smart Chain

V2 Smart Chain

PHI Network supports a subset of the Ethereum methods.

You can use any public or private RPC endpoints to request using the JSON RPC methods.

PHI Smart Chain API Documentation

Tutorials:

Off-the-shelf Smart Contracts:

Development IDEs:

You can use Ethereum Remix - or any other Ethereum-compatible IDE - to deploy a smart contract on PHI Network. The most common IDEs used for deploying on PHI Network are:

Full Platform/Scripts Repositories:

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

• Modern Industry Standard Block Explorer ()

• Extensive Consumable API Library

• Built For High Performance Applications

• Wallet Balances Are Openly Displayed On The Block Explorer

• Wallet Transaction History Is Publicly Available

Some of the information present in this page might not apply to private and purpose-built iterations of the PHI Smart Chain protocol. ​ features 3 base layers: Core Layer (previously known as Layer Zero), Bridging Layer (previously known as Layer One), and Execution Layer (previously known as Layer Two). It also leverages a Subnet Layer on top of its Execution Layer, which allows for further scaling and broadening of the network's applications in the future, including purpose-built networks for enterprises, governmental, or public usage. Each one of these layers play a key role on securing the network and allowing participants to interact with it. make up the entirety of the Execution Layer, and aside from compliance checks, they need to consign PHI 625,000 to be granted a .

Public Ledgers

PL1: PHI Smart Chain

Used as PHI Network's mainnet, it leverages PHI as its native currency, and can be used by individuals, institutions, governments, and enterprises to develop, deploy, and maintain trustless and unstoppable applications.

Enterprise, Governmental, and Private Applications

Our technology can be used to deploy private infrastructure, that can further bolster productivity and allow for better and trustless workflow for individuals, governments, and enterprises. PHI Network. is constantly updating and upgrading its enterprise-level suite of applications, that like no other mainstream platforms, allow for setup and deployment of a private production-grade blockchain in less than one minute.

Smart Contracts Ready

Scaling and Multilayering

Core Layer

Bridging Layer

The bridging layer is comprised by an array of nodes acting as active bridges between the Execution Layer and the Core Layer. All transactions submitted to an Execution Layer node passes through a Bridging Layer node, which then broadcasts it to a Core Layer node, that permanently records and seals the information into the network's history book, or ledger. This mechanism allows easy mitigation of attacks, or tampering attempts from any Execution Layer nodes by breaking the link between the attacking node and the main network ledger. In these cases a fork with the tampered records is created and disconnected away, instead of it being sealed and recorded as a legitimate part of the main public ledger.

Execution Layer

Subnet Layer

Decentralized Social Entertainment. Share, Follow, Like & Earn

• SHARE

  Share new life moments While You Privately Earn, Send & Receive Instantly.

• DISCOVER

  Discover new people, create new connections, make new friends & Exchange Value Privately.

• 100% PRIVACY

  You have full control over your personal information that you share.

• MORE SECURITY

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Executes a new message call without creating a transaction.

Request PayloadTransaction Call Object{from} - Address from which the transaction is sent. {to} - Address to which the transaction will be directed. {gas} - Integer of gas provided for transaction.

* Optional {gas_price} - Integer of the gas price used for each paid gas.

* Optional {value} - Integer of the value sent with this transaction. *Optional {data} - Hash of the method signature and encoded parameters.

* Optional Block Parameter{block_parameter} - Integer block number, or the string 'latest', 'earliest', or 'pending'.

Result Fields{returned_value} - The returned value of the executed contract method.

Gas Fees To Perform Transactions On PHI Smart Chain Are The Lowest In The World With The Average Cost Of <$.0002 to send & <$.002 To Swap.

How To Make Sure You Are Not Being Over Charged By Metamask Or Other EVM Compatible Wallets On Gas Fees?

By Default Metamask May Set 1.0 to 1.5 GWEI As The Default Gas Fee This Is Much Too High On PHI Smart Chain & Not Needed.

To Perform Near Instant Transactions With The Lowest Possible Gas Fees

1. Open A New Metmask Transaction

2. Click Edit (Above Gas Estimate)

1. For Base Max Fee (GWEI) Enter .01

2. For Priority Fee (GWEI) Enter .00001

3. Select The Check "Always Use Values And Advanced Settings As Default"

4. Click Save