Review on pNetwork by Gabriel Medina
An Eidoo update called pNetwork
This platform is a blockchain interface that simplifies the interaction between the Bitcoin and Ethereum blockchains and their users. It is undoubtedly a new blockchain asset experience that provides a safe and easy way to buy, transfer, spend and exchange cryptocurrencies without relying on any authority. It offers the necessary tools and services for users so that they can manage their tokens and cryptocurrencies.
Eidoo has worked with its partner company Provable Things to update EDO to the PNT token to improve its usability functions. The mission or goal that PNT tokens have is to unlock liquidity in decentralized finance by making all cryptocurrencies compatible with all blockchains.
The PNT token will fulfill all the functions previously fulfilled by the EDO token. It acquires additional utility, allowing PNT token holders to actively participate in the pNetwork ecosystem. The PNT token aligns incentives for all network participants.
Pros
- The best cryptocurrency wallet that allows full control through keys.
- Its purpose is to provide access to a variety of services.
- They guarantee that there is no single point of failure and that bad actors will not be able to infiltrate or compromise the system.
- Anyone with PNT will be able to join the DAO pNetwork and play a role in the governance of this pTokens system.
- Potential economic benefit for all validators who are rewarded for their work with the fixed and fixed fees of the pTokens system.
Cons
- The number of coins that can be stored should be increased.
- It depends on the DeFi environment, if this decreases, this platform will also do so.
