Phaeton is aiming to bring decentralization to the real world with its innovation through blockchain technology. Phaeton’s ecosystem allows traders to leverage multiple Sidechains to make the most of the asset. In addition, Phaeton aims to bring a sustainable future using blockchain. Under a strong management structure, Phaeton Technology is creating a Social Impact Platform that incubates, develops, and collaborates with new and established business enterprises that address social and environmental challenges in line with the United Nations Sustainable Development Goals.
With every new generation of technology, the need for sustainability and renewable resources has become a priority and blockchain technology is no different. The Bitcoin energy consumption FUD has already damaged the decentralized world, and Phaeton aims to make a change with its sustainable approach. Phaeton will partner and establish multiple businesses in the real estate and renewable energy sector. The investment and further business development in the real world would offer an authentic and stable value for the native token and its holders, making it a reliable investment.
Phaeton’s Incubation Platform is designed to support several Sidechains. It is not merely a single blockchain that exists in isolation but multiple factors coming together to build an ecosystem. There are several advantages to its approach:
- Scalability: Phaeton supports multiple blockchains through a mechanism called “Sidechains”. It allows transactions to be processed efficiently and in parallel.
- Interoperability: Different Phaeton Sidechains and applications can share information and functionality thanks to Sidechain’s operating design and compatibility between chains.
- Specialization: Each Sidechain can be