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Review on pNetwork by onur bln

Revainrating 3 out of 5

pNetwork

pTokens aims to be a decentralized
open-source system facilitating cross-chain
movement of assets.
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 in the decentralized scene is
currently spread across multiple independent
blockchain protocols.
The pTokens system bridges a variety of
blockchains, powering the free movement of
crypto liquidity. These bridges are operated
by a network of validators, whose role is to
verify the cross-chain asset switch and to
guarantee the 1: 1 peg with the underlying
asset.
pTokens removes the need for a trusted
intermediary by creating a crypto-economic
incentive through a governance token.
The incentives mechanism is at the
foundation of the pTokens system - the
pNetwork Token (PNT) is leveraged to drive
governance decisions, encourage community
participation and adoption. While fueling
validators' activities, the PNT token is a key
element of the staking method at the basis
of the network.
img 1 attached to pNetwork review by onur bln

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Pros
  • Being a long-established crypto currency for 7 years
  • they have spikes
Cons
  • experiencing a lot of fluctuations
  • not heard enough
  • the transfer is paid

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