#TrumpTaxCuts
The **PHB** project (formerly known as Phoenix Global Network) aims to build a decentralized ecosystem that supports the development of **smart contracts** and **artificial intelligence applications** on blockchain technology. The project was established at the end of 2021 and focuses on bridging the gap between decentralized applications and centralized AI solutions while maintaining the principles of "Web 3.0".
- **Technologies used**:
- Based on a **layer one** blockchain built on the **Binance Smart Chain**, with support for technologies such as **EVM** (Ethereum Virtual Machine) to easily transfer applications to the Ethereum network.
- Includes a second layer (**Layer 2**) to enhance speed and reduce costs, especially for applications that require significant computational power, such as AI models.
- Uses **private oracles** to feed external data into the network while ensuring privacy through technologies like ZK-P
