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What is pNetwork (PNT)?
pNetwork (PNT) is a decentralized platform that combines blockchains. The purpose of pNetwork is to provide the opportunity of linking between chains. This allows blockchains to easily interact, allowing the end user to act in any environment.
pNetwork is an innovative project that transforms the blockchain space,
a solution that may seem unusual for organizations that are interacting with the industry for the first time.
PNT is a pNetwork token available on BSC via pNetwork-powered bridges, and is 1: 1 compatible with PNT on other blockchains.
The pTokens system relies on Trusted Execution Environments (TEE) to ensure transparency of the state of the verifying network. Secure enclaves in which pTokens bridges operate can guarantee the integrity of the node at any time, the safe and fully controlled execution of all release and redemption processes.
Who created the pNetwork (PNT)?
pNetwork is led by the author of the project, Thomas Bertani, and a talented team consisting of Alice Corsini, Elena Keatley, Greg Kapka, Mauro Piazza and others, expanding the possibilities of more interconnected decentralized finance.
What is the uniqueness of pNetwork (PNT)?
As the basic architecture for pTokens, pNetwork provides the basis for a truly decentralized system and, in fact, is the implementation of its goals of progressive decentralization. This network is also an improvement over the original model, as it enhances the security of pTokens bridges, minimizing various risks, since the network is supported by several parties.
After the launch, the pTokens system has undergone a series of updates to create a fully decentralized network of pNetwork validators, where several operators (namely validators) guarantee that there is no single point of failure.
pTokens is an open network that everyone can become a part of. This is a network without permission, in which the multi-party computing algorithm (MPC) is shared by validators to achieve consensus, support calculations, and perform all binding and disconnection procedures.
This cryptographic algorithm allows a scalable number of parties in the network to perform their calculations together-MPC is used to enable distributed signature (via a threshold signature scheme) binding and binding operations between network validators.
How many PNT tokens are in circulation?
The project stated that the maximum offer of PNT is - 96,775,229 tokens. As of today, there is - 66,963,819PNT in circulation.
The value of the asset is - 0.17177131 USD, the trading volume for 24 hours is 1,401,501 USD, with market capitalization - 11,502,462 USD.
How is the pNetwork network protected?
pNetwork is protected by the Multi-Party Computing (MPC) algorithm. Another fundamental feature of the network is its ability to maintain security, even if some of the parties collude and maliciously attack the protocol.
The updated structure applies Trusted Execution Environments (TEE) as additional protection. TEE is a secure sandbox that provides security features, ensuring that the code and data uploaded inside will be protected and remain confidential.
Several TEE methods are used to protect the generation and management of key pairs used by pTokens bridges. This benefits the entire system by making it more secure - for example, Sybil attacks become significantly more expensive due to the use of multiple TEES (where different isolation methods ensure the execution of accurate code that is consistent on the network).
- To own your crypto assets, you need to manage your own private keys.
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