Meet the main development team building the pNetwork.
The pNetwork ecosystem is aimed to solve blockchain's walled-garden limitation. A set of security-oriented technologies designed to boost the blockchain ecosystem.
The pNetwork is a decentralized system open for anyone to contribute. It complements blockchain, while empowering it to reach its full potential.
The traditional financial system has been shaken by blockchain technology. Bitcoin was the trigger, injecting the idea of an alternative monetary system.Ten years into the game, this industry has gone far beyond the concept of digital money, rethinking the entire financial system. This new wave of advancement in the blockchain sector is highlighting the potential such a technology can have on the future of the financial industry.A concept that I like is the one of "banking without banks".
An open-source protocol for cross-chain routing between blockchain ecosystems and scalability networks empowering cross-chain applications. pNetwork v2 aims to continue innovating in the field of cross-chain routing by pioneering cross-chain interoperability features for dApps. By enriching and expanding its previous set of features, v2 is an enabler for the project to focus on contributing to the growth of some of the biggest blockchain-powered trends (including DeFi, NFTs and on-chain gaming).
“The Algorand Foundation is excited to partner with pNetwork to bring easy cross-chain interoperability a step closer” - Sean Lee, CEO of the Algorand Foundation
An evolution of pNetwork Portals, Postman is a new service part of the pNetwork ecosystem that simplifies the development of cross-chain applications. As a messenger, Postman delivers data from a smart contract on any blockchain to a smart contract on any blockchain. Hence, it can power a variety of use-cases including cross-chain oracles, gaming dApps and transfers of NFTs.
A customised NFT collection designed to welcome NFT enthusiasts and crypto-natives alike in the pNetwork ecosystem. Underneath each vibrant artwork, the pNetwork NFT hosts a direct link to the world of cross-chain DeFi, on-chain gaming and more. It gives holders access to on-chain gaming, the option to generate fees from running a pNetwork node, free access to top-tier (16%) cashback via the Eidoo Card programme and the possibility to redeem the PNT tokens wrapped within the NFT itself.
A key component of pNetwork's decentralization roadmap, the pNetwork DAO is the fulcrum of the project's governance. The pNetwork DAO evolves into a multi-chain decentralized governance tool enabling community members to participate in governance voting proposals from outside of the Ethereum mainnet. While the main DAO infrastructure remains on Ethereum, DAO members will have the option of choosing where to interact with it from hence they will be able to opt for a more gas-efficient ecosystem should they prefer it.
Security audits additional to the standard recurring auditing process are performed and released.
The flexibility of the Postman component enables additional functionalities such as the support of an oracle system. That results in a routing protocol that enables data transfers from the real-world and across a variety of blockchain protocols, therefore connecting traditional industries and data endpoints to the innovation-driven multi-chain world.
An important step of pNetwork’s progressive decentralization roadmap, Multi-Party Computation is used to enable the distributed signing (via a threshold signature scheme) of cross-chain operations (such as peg-in and peg-out operations) among the network nodes. The use of Multi-Party Computation enables the nodes to cooperate in performing these cross-chain operations after each party has independently verified the external blockchains’ conditions.
An evolution of the previous setup, pNetwork DAO v2 includes a variety of additional features and possibilities for its DAO members. It leverages a completely new structure that makes the interaction from multiple blockchain networks seamless while enabling advanced functionalities such as vote delegation and off-chain voting among other innovative elements.