Review on pTokens BTC by JB CRYPTO

Name: pTokens BTC
Item: pTokens BTC
Rating: 4

December 05, 2020

BTC pTokens a direct BTC-ETH link

Since the appearance of the first cryptocurrency, new projects have emerged unstoppably that are surpassing a large part of the previous currencies in terms of functions, security and compatibility. 
In this sense, we find ourselves in the market with pTokens. This is a coin whose purpose is to combat the volatility to which cryptocurrencies are vulnerable. 
To achieve this challenge; its developers establish a direct linkage of pTokens with any asset of more stable value. In this way, the connection of two compatible blockchains is achieved that give rise to a new digital currency. 
The minting process of the new coin is backed by the linked asset deposited in a smart contract of pTokens. This represents the guarantee for the issuance of the new currencies; which depending on the type of asset will be pBTC or any other. 
The funds of the linked asset are frozen until the new cryptocurrencies are generated. The equivalence between the ptokens and the linked asset is 1: 1. 
A striking aspect of this cross-chain is that the asset created from the minting can immediately be converted into another crypto asset on available exchanges and subsequently into FIAT money if desired. As for technology; they must highlight the high interoperability of this cross-chain platform by allowing two computer structures to be combined to give rise to a new currency under secure blockchain protocols. In this process, two chains work together and in sync to develop a new digital asset. For this it has the support of the Trusted Computing protocol. 
In short, pTokens represents a valuable platform both to generate new assets linked to a stablecoin and to carry out interactions between multiple chains taking as reference its open source encoding. The latter is very useful for blockchain startups.

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