PHANTOM price is $0.00118486
As of the latest update, the price of PHANTOM (XPH) is $ 0.00118486, which represents a increased of +0.00%% over the past 24 hours. Please note that cryptocurrency prices are highly volatile and can change rapidly within short periods of time.
PHANTOM (XPH) is a digital cryptocurrency designed to offer fast, secure, and low-cost transactions. Often positioned as a solution for direct peer-to-peer payments, PHANTOM aims to provide an efficient alternative for transferring value on a global scale. The specifics of its underlying technology, use cases, and the team behind the project are essential to understanding its potential in the vast landscape of digital currencies.
Without specific details on the team or the individual founders provided, we can typically say that cryptocurrencies like PHANTOM are developed by a group of blockchain developers, cryptographers, and technology enthusiasts. The team behind PHANTOM would usually consist of individuals with experience in these areas, committed to the vision of creating a cryptocurrency that addresses certain needs within the market.
Without precise information about PHANTOM’s (XPH) underlying technology or consensus mechanism, a general explanation of how such cryptocurrencies work can be provided. Typically, a digital asset like PHANTOM would operate on a decentralized network using blockchain technology. This would involve a ledger where transactions are recorded, verified, and secured by network participants, often referred to as nodes. These transactions would be gathered into blocks, and through a process of consensus, added to the blockchain.
The unique selling point of PHANTOM may revolve around its approach to solving common issues in the cryptocurrency market, like scalability, transaction speed, or cost. Each cryptocurrency aims to offer distinct features or technological advancements that set it apart from competitors. For PHANTOM (XPH), this might include innovation in its transaction processing or governance model.
The circulating supply of PHANTOM (XPH) is , and it's important to note that this number can change as new tokens are issued or existing tokens are burnt or locked. The total supply of PHANTOM is 955.6M, indicating the maximum amount of tokens that will ever exist.
PHANTOM (XPH) has a market capitalization of $ . The market cap is calculated by multiplying the current price of a single XPH token by the cryptocurrency's circulating supply. It is a common metric used to gauge the relative size of a cryptocurrency in comparison to others in the market.
Without specifics, we can say that most cryptocurrencies leverage cryptographic techniques to secure their network. PHANTOM (XPH) is likely to use similar methods, ensuring that transactions are secure and that the network is resistant to attacks. The type of consensus mechanism PHANTOM utilizes (such as Proof of Work, Proof of Stake, or others) would play a critical role in its security.
PHANTOM (XPH) can be purchased on various cryptocurrency exchanges. The availability of XPH for trading may depend on the cryptocurrency platform you use. Always ensure to use only reputable exchanges with a track record of security and customer service.
Storing PHANTOM (XPH) safely involves using personal wallets that can be either software (digital wallets) or hardware (physical devices), providing you with a private key for your assets. It is recommended to do thorough research on wallet providers to ensure security features and backup options align with your needs for safeguarding your PHANTOM tokens.
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