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…
pNetwork is a cross-chain system focused on empowering the decentralized experience for users. It allows crypto assets, Non-Fungile-Tokens (NFTs) and data to move freely between blockchains through its two main functions: pTokens and pNetwork Portals.
pNetwork currently supports integrations with major blockchain, including Bitcoin, Ethereum, Binance Smart Chain and Dogecoin among others and enables thousands of holders to stay local on their blockchain of choice while thinking global.
Today, we are happy to introduce two major updates to pNetwork: version 2 of the pTokens dApp and fee-earning pNetwork Nodes.
pTokens dApp v2
As the pNetwork ecosystem continues to expand, the main development team…
Even though the concept has been around for a decade or so, and visible strides are being made in the technology’s development, blockchain mainstream adoption is still going slower than expected or desired.
The DeFi space is exploding — what with new dApps hitting the market every day — followed by new blockchains arising and coins diversifying user experience further.
However, the main stumbling block for mass adoption is that user activity is still very much constricted by individual blockchains’ limitations — you can only do what the chain allows you to do.
This is why cross-chain composability is crucial…
The inception of Bitcoin first introduced blockchain to the world in 2009. But the novel technology didn’t find a significant application base until recently. The DeFi ecosystem’s onset provided a much-needed shape and direction to blockchain’s limitless potential and has led to the cryptocurrency economy embarking on a whole new path altogether. The numbers are a testimony to this fact.
With $45 billion worth of funds locked in different protocols, the blockchain-based financial ecosystem has logged more than 70x growth year on year. DeFi is creating a paradigm shift in how we access financial instruments such as loans, insurance, bonds…
pNetwork is an open, public and independent network of nodes with an inbuilt governance structure (DAO) enabling the cross-chain movement of assets and data. Its flagship feature, pTokens, facilitates crypto assets switches across 9 different blockchain environments (and counting!).
Today, we are launching pNetwork Portals. A new PNT-powered cutting-edge feature enabling smart contracts living on different blockchains to interact with each other as if they were on the same network.
Every blockchain is a walled garden, locking out other cryptocurrencies and locking in its own liquidity. The ability of cryptocurrencies to move between blockchains seamlessly is a key component for…
