We are excited to announce a new pNetwork integration with Arbitrum!
The pNetwork cross-chain system enables assets to move freely across blockchains, counting integrations with 10 different blockchain protocols ranging from Layer 1 such as Ethereum and EOS, Ethereum-sidechains and Layer 2 solutions.
Arbitrum is a Layer 2 solution designed to improve the capabilities of Ethereum smart contracts. It uses so-called Optimistic Rollups to scale dApps, reduce costs and increase capacity while continuing to leverage Ethereum’s security. Arbitrum aims to help offload most of the computational and storage burden Ethereum currently suffers from, while enabling new classes of L2 DApps.
Keep reading to know more about how pNetwork is certainly a one-stop shop with several use cases already live across numerous decentralized finance platforms.
Modern societies have been governed by centralized models that often prioritize the needs and interests of the few head figures. While this form of governance might have had fruitful effects in the past, today, with populations and economic disparities on the rise, decentralization, autonomy, and community-centered values can ignite a paradigm shift in governance — for the better.
To materialize these values, not only has pNetwork eliminated intermediaries — and its associated time and costs expenditure — but it has also coded a system that enacts transparent governance and redistribution of benefits.
Non-fungible tokens (NFTs) are one of the two major sectors growing by leaps and bounds inside the crypto ecosystem at the time when its worldwide demand continues to surge: the combined market cap of NFT projects increased by 1,785% between January and March and it’s expected to be worth $470 million in October 2021, compared to $338 million in 2020.
The growth of the NFT market is particularly attributed to the development of decentralized initiatives that not only provide means for NFT storage but also, with the increase of blockchains, facilitate NFTs transfer across different chains.
But the management of…
If you’re part of the pNetwork community, then you know that the project’s Total Value Locked (TVL) has been growing steadily for over a year. As a matter of fact, on May 10, 2021, we’ve reached a significant milestone that’s propelled us to work even harder on expanding our reach in the DeFi space — over $100 million in TVL!
According to DeFi Prime, the DeFi world is dominated by Ethereum (72%) and Binance Smart Chain (12%) as the two largest and prominent blockchains in the ecosystem nowadays.
While they coexist in the same space, their slightly different focuses and goals equip them with diverging sets of characteristics — governing, technical, and functional.
On the one hand, the Ethereum blockchain aims to offer a decentralized world of computing. On the other hand, BSC wants to increase the speed of dApps, lower transaction fees, and enable dApp scalability, which gives a massive impulse to the entire DeFi ecosystem.
pNetwork focuses on creating cross-chain integrations that enable superb communication between assets and users across multiple blockchains, making cryptocurrencies, liquidity pools, and non-fungible tokens (NFT) easier to use.
To be freely shared by each blockchain, crypto performance is maximized using a new version of our decentralized application — the pTokens dApp.
So far, users can swap their crypto for pTokens with the system being available across ten different blockchains, including the Binance Smart Chain, Ethereum, Polygon, and EOS. We are continuing to build cross-chain bridges and bring together a rising number of components of each connected blockchain.
To help you…
DeFi (Decentralized Finance) is the answer to decades of financial oppression committed by banks and other self-proclaimed upholders of the fabric of commerce. This burgeoning ecosystem’s impact is so profound that the entire DeFi protocols market has undergone a near 80x growth in the last year.
New and improved lending, asset management, or DEX protocols show up, opening new frontiers for more and more people to expose themselves to various financial instruments. However, mainstream DeFi adoption still stands to face a significant roadblock. Why?
Because different blockchain networks operate within their infrastructure and not in conjunction with other distributed ecosystems…
We are happy to announce that pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has partnered with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem.
pNetwork has received a grant from the Algorand Foundation for creating a pNetwork-powered bridge for Algorand to be connected with external assets and ecosystems.
As the cryptocurrencies industry continues to evolve, the development of alternative financial platforms is on the rise. A critical component for these to succeed is assets’ liquidity, which…
pNetwork is the progressively decentralized platform that brings blockchains together. The goal of pNetwork is to establish cross-chain composability. This enables blockchains to communicate with each other easily, allowing the end-user to play in any environment effortlessly.
pNetwork is an innovative project whose solution might seem unusual for entities that interact with the industry for the first time. We’re about to discuss the key things you should know about our network to get more familiar with the ecosystem and the solutions expected to transform the blockchain space.
In a nutshell, the pNetwork is run by a decentralized network of node…