pNetwork has partners with Algorand to launch cross-chain bridges.

Published on: 27.06.2021

pNetwork has partners with Algorand to launch cross-chain bridges for the Algorand ecosystem.

pNetwork has received a grant from the Algorand Foundation for creating a pNetwork-powered bridge for Algorand to be connected with external assets and ecosystems.

Algorand will launch interoperability features with other blockchain environments via pNetwork — the connection between Algorand and other networks will be live Summer 2021.

About pNetwork

pNetwork is a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains. The pNetwork is the underlying architecture for pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain to another, and pNetwork Portals, powering cross-chain interoperability between smart contracts.

About Algorand

Algorand is a decentralized network built to solve the blockchain trilemma of achieving speed, security, and decentralization simultaneously. Algorand is a permissionless and open-source blockchain network upon which anyone can build.

➡️Source:
https://medium.com/pnetwork/pnetwork-and-algorand-officially-partner-up-to-build-new-cross-chain-connections-b278f8a93d9

Market Stats:
BTC Dominance: 59.01%(-0.04%/24h)
ETH Dominance: 13.51%(-0.09%/24h)
Defi Market Cap: $156.18B(-21.73%/24h)
Total Market Cap: $3961.37B(-0.32%/24h)
Total Trading Volume 24h: $195.18B(-33.09%/24h)
ETH Market Cap: $534.69B
Defi to ETH Ratio: 29.21%
Defi Dominance: 3.86%
Altcoin Market Cap: $1623.75B
Altcoin Volume 24h: $125.85B
Total Cryptocurrencies: 35659
Active Cryptocurrencies: 9516
Active Market Pairs: 107166
Active Exchanges: 842
Total Exchanges: 10862
BTC: 117433.02$(0.12%/1H)
ETH: 4434.29$(0.44%/1H)
AVAX: 23.79$(-0.1%/1H)
BNB: 826.21$(-0.01%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.93$(-0.92%/1H)
DOT: 3.89$(0.06%/1H)
UNI: 10.65$(-0.2%/1H)
CAKE: 2.7$(0.3%/1H)
SUSHI: 0.81$(0.37%/1H)
ONE: 0.01$(0.11%/1H)