“Phonon is a hardware-enforced, off-chain, layer-zero scaling solution for any crypto asset.”
-Dr Karl Kreder, Conversations with the Coop
Put that in your pipe and smoke it, [INSERT L1/L2 USABILITY/SCALABILITY SOLUTION].
Blockchain assets get wrapped up onto the Phonon protocol, spin around the network an unknowable number of times, then are returned to their chain of origin. For the price of two on-chain transactions a Phononite can get one or ten or ten-thousand-thousand seamless and secure transactions of that asset. It’s a magic multiplier. Any kind of cryptocurrency can fit on these greased-lightning rails between common, secure hardware devices (Smart Cards and eSIM cards), and they move as fast as you need it to once it’s on board, as many times as you want, for no fee.
As a corollary to PHONON’s physical solution to the scaling problem, there is no way to know what actually happens when the asset goes into the phonon box. Maybe it buys bread from a baker who buys TOR access in order to email his low-social-credit-score having uncle about a death in the family. Maybe it goes into a CIA black bankroll and winds up in the hands of a child sex slave who matured into a findom sex worker. Maybe it sits there and does nothing. Totally unknowable. This kills the network analysis AI.
The gatekeepers who sit athwart these nexus of digital data—the ones who have grown rich mining your identity and everything you create and consume online—they will not like this. Why should they like something that cuts into their ability to exploit their precious information stream?
As would any Byzantine general living on the fruits of a contracting empire, the gatekeepers can be trusted to follow along with their best interest. The value that crypto offers is unique, undeniable, and not replicable by these centralized behemoths. It is for this reason that Bitcoin exists—in spite of the fact that it completely undermines the fiat system which finances the empire.
For all of the menace Phonon poses to the way things are, the way things will be when wealth on the blockchain is leveraged and transferred as easily and privately as cash is of far more unique value than there exists the will to defeat it.
Join the Phomentum on the Phonon DAO discord.
phon/ongod out.