Review on pNetwork by onur bln
pNetwork
pTokens aims to be a decentralized
open-source system facilitating cross-chain
movement of assets.
As the cryptocurrencies industry continues to
evolve, the development of alternative
financial platforms is on the rise. A critical
component for these to succeed is assets'
liquidity, which in the decentralized scene is
currently spread across multiple independent
blockchain protocols.
The pTokens system bridges a variety of
blockchains, powering the free movement of
crypto liquidity. These bridges are operated
by a network of validators, whose role is to
verify the cross-chain asset switch and to
guarantee the 1: 1 peg with the underlying
asset.
pTokens removes the need for a trusted
intermediary by creating a crypto-economic
incentive through a governance token.
The incentives mechanism is at the
foundation of the pTokens system - the
pNetwork Token (PNT) is leveraged to drive
governance decisions, encourage community
participation and adoption. While fueling
validators' activities, the PNT token is a key
element of the staking method at the basis
of the network.
๏ปฟ
Pros
- Being a long-established crypto currency for 7 years
- they have spikes
Cons
- experiencing a lot of fluctuations
- not heard enough
- the transfer is paid
