Review on pNetwork by Japheth Ayuba
Cross-chain has now become imaginary lines with this Project
The pNetwork is a community driven Defi project that supports Cross-chain compatibility. The pNetwork has been designed to handle different blockchains, connecting them for use in the Decentralized Finance arena and yield farming. It's network is secured by a combination of multi-party computations and trusted computing. It further improves this security features by implementing transaction validators who needs to stake a minimum of 200,000 PNT tokens who also earn pTokens for securing the As a community driven project, the pNetwork DAO gives total control of the pNetwork ecosystem to it's holders and stakers and those who stake are rewarded
It's native asset the pTokens are the carriers of its operations. The pTokens is used to teleport any asset from it's native Blockchain to an entirely different Blockchain. The pTokens are pegged 1:1 to the crypto asset they represent. The pTokens are integrated on many platforms and Decentralized Exchanges for easy swap of coin into other crypto values. As a young budding project that started in October 2019, it's still relatively new in the blockchain space and Defi ecosystem but has continued to follow it's roadmap and provide to the last details, every service it intends to provide. It's a great project in the Defi market and can be recommended to Defi enthusias
Pros
- A Cross-chain Decentralized Finance project that is Community driven
- It's Transaction validators earn pTokens for securing the network
- The pNetwork DAO gives total control of the pNetwork ecosystem to it's holders and stakers
- pTokens are pegged 1:1 to the asset they represent
Cons
- The Defi bubble has began to wrap up and that can affect the price of pTokens negatively
- There is a competition in Cross-chain Defi projects from other projects like REN
