My fellow retards –
Back to some basics.
GridPlus has built an incredible hardware device. It does exponentially more for you than a ledger or trezor. It also *allows* for science fiction type shit – we’ll get to that. They sell out as fast as they can be manufactured. The star of their system will be the deployment of the PHONON Network. The only way to get PHONON tokens is to burn GRID. This is why the price of GRID continues to rise.
What is the Lattice1? Without getting into incredible technical detail that only mechanical and electrical engineers would understand, it is, simply put, a hardware device with segregated environments. It has an anti tamper mesh enclosing all secure attributes. If you try to open it, the entire devices nukes itself, the firmware destroys all keys, and your device is bricked. The Lattice1 has a general compute environment, a secure compute environment and secure signing enclave. It also has a bigass screen. You can do really neat crypto stuff on this that you can’t with a ledger or trezor. Enough with the hardware.
Now that the Lattice1 is built, and thousands have shipped out (they’re into another 10k unit production run), it’s time to focus on PHONON. The Phonon network acts as a layer 0 across many blockchains. In short, it is an ingenious way to pass values between two people who have compatible hardware without broadcasting a transaction, without mining, without validation from humans. Instead the hardware devices initiate a handshake, then create a private channel, and then private keys are passed between them. These private keys control value that may exist on bitcoin, Ethereum, or elsewhere. It can be satoshis, NFTs, defi positions, etc.
Why is this important? Well we have a fully functioning privacy and scaling layer that goes cross chain with zero trust assumptions. There is no third party holding your funds in a honeypot and then creating IOUs on some database to allow for cross chain transfers. Instead, the PRIVATE KEYS themselves are transferred between pieces of hardware in a secure fashion. I get that this is beyond your pajeet mind, but try to imagine what this is. Hundreds of thousands of secure pieces of hardware transacting and trading with each other, no globohomo perverts watching, all chains supported, no paying miners or validators.
If you’re excited, check out the specification: https://github.com/GridPlus/phonon-network
And original blogpost: https://blog.gridplus.io/the-phonon-network-59835328b799
Join the conversation: gov.phonon.network.
Join the revolution: https://gridplus.io/products/grid-lattice1
My target is unchanged for the marketcap of PHONON DAO - $1b in six months and $12b in 18 months. This is equal to $26 and $320 per GRID. I would add on the high end I can see $300b marketcap in 3 years (or $8000/GRID).
New prediction: Jack Dorsey’s Square will try to buy GridPlus due to the innovation of the Lattice1. More than $1b will be offered.
[Not financial advice – for entertainment purposes only]
phon/ongod out.