Review on pNetwork by Inioluwa Okedeji
pNetwork: A Community Driven Project Built On The Cross-chain Technology
pNetwork is a decentralized cryptocurrency platform that aims to solve problems and limitations associated and encountered with the use of the blockchain technology.
The platform has also provided security technologies that are developed and designed to boost and increase the blockchain network's ecosystem.
The project is a community driven one that is developed and backed up by the community and it is also based on the Cross-chain technology this means that it is built to withstand several blockchain technologies.
Though, the aim is to provide a simplified interaction between the bitcoin blockchain network and ethereum blockchain network and it's users. It is actually more inclined to the ethereum network because most of its tokens are ERC-20 ethereum based tokens.
The platform gives undisputed control to holders and stakers of its native digital currency the pToken( PNT). And rewards and benefits are in place for such activities.
To improve and fortify it's security, it makes use of multiple party computations in combined form. And also, the pToken can be used to move digital asset from its blockchain to another one.
As a project built upon the Defi system, the project value also rise and fall based on how the Defi market is doing, this means that the progress of this project is reliant on the Defi market.
Pros
- pNetwork platform is a Defi project
- It is a community driven project.
- It is built upon the Cross-chain technology.
- Opportunities for staking and holding, with benefits attached to doing so.
Cons
- The project is reliant on the Defi market.
