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: 55.87%(+0.18%/24h)
ETH Dominance: 12.5%(-0.02%/24h)
Defi Market Cap: $122.87B(+8.98%/24h)
Total Market Cap: $3511.82B(+0.95%/24h)
Total Trading Volume 24h: $96.14B(+10.52%/24h)
ETH Market Cap: $438.79B
Defi to ETH Ratio: 28%
Defi Dominance: 3.34%
Altcoin Market Cap: $1549.6B
Altcoin Volume 24h: $67.04B
Total Cryptocurrencies: 33161
Active Cryptocurrencies: 10536
Active Market Pairs: 96072
Active Exchanges: 772
Total Exchanges: 9847
BTC: 99075.3$(-0.21%/1H)
ETH: 3642.87$(-0.06%/1H)
AVAX: 43.73$(0.28%/1H)
BNB: 715.3$(0.43%/1H)
MATIC: 0.52$(-0.08%/1H)
FTM: 0.77$(-2.33%/1H)
ADA: 1.08$(-0.23%/1H)
DOT: 7.68$(-0.02%/1H)
UNI: 14.99$(-0.7%/1H)
CAKE: 2.81$(0.37%/1H)
SUSHI: 1.81$(0.55%/1H)
ONE: 0.03$(-1.47%/1H)