Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Cryptocrux on December 28, 2024, 02:33:14 PM
-
If you have not heard about Phala, it will not be a gosip to talk about it since the dev team is already talking about it. It started when I was looking for something that uses a full decentralised cloud computing protocol that provides a trustless infrastructure for computing smart contracts because of the use of execution for Web3 AI that helps it to understand and interact with blockchain and then I came across it
I believe it will be helpful in determining the use case of any project that I will be interested in. You can mention and share your ideas on something like this and what you think their future will be if they go on live and make bounties and airdrops or even make a crypto token we can make good use of.
-
I think this project wins the award for putting the most modern technical terms in one sentence.
Web3 blockchain AI decentralised cloud computing smart contracts
The words are big and the reality will be just an altcoin with no continuous development and 99% copies of the project so it is better to avoid such tokens.
-
Based on what I understand from their website, the target demographics seem to be developers instead of retail users. I don't know how attractive converting a web2 app to a web3 dapp is, especially if the app runs perfectly well in a web2 environment. The demand probably comes from a new business or old business that wants to try to get new funding by jumping to the latest trend. I don't think whether they redefine a new is that important if people can't easily understand what they're doing.