Review on pTokens BTC by Douglas Cachazo

Name: pTokens BTC
Item: pTokens BTC
Rating: 4

December 03, 2020

pTokens BTC PBTC: Platform for exchange between Ethereum and non thereum chain

The dizzying advance of blockchain technologies coupled with the intelligent contracts of the ethereum chain has brought the ability to develop many applications or decentralized Defi and the emergence of new block chains, that has brought a big problem of lack of a standard that allows to operate between different block chains without friction, 
This project and others of similar nature point in that direction in search of decentralized financial applications that can be compatible with any crypto-currency or token operating with different block chains. Solving this problem of cross-string operation and lowering or standardizing transaction fees would be the token needed for the cryptographic world to be able to impose itself and be used by even the most skeptical of them. 
 
This Ptokens project opens a door to connect any token to the block chain that it is, in other words the cryptographic world of dreams, however like all similar projects to this day I do not see any that we can tangibly say that has been successful and that includes the present.
How does the ptoken project try to fulfill or try to fulfill its objective? 
We could say that it relies on a wildcard token to create a cross-reference of its operability in the chain in which you want to operate, for example it is used in Pbitcoin to operate in the Ethereum block chain so that you can exchange your bitcoin Pbitcoin and that your currency can interact with applications in the ethereum chain and at any time exchange your pbitcoin token and retrieve your original bitcoin in which case the pbitcoin wildcard token will be burned.
The concept and intentions of this project are good, however I see difficult because continuously create new block chains and existing ones can suffer changes that would require an effort in development consistent with the above and that can be scalable this project, hopefully I'm wrong.


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