Introducing pNetwork v2

Published on: 11.10.2021
Introducing pNetwork v2

pNetwork presented pNetwork v2, an open-source protocol for cross-chain routing between blockchain ecosystems and scalability networks empowering cross-chain applications.

It enables users and smart contracts on any blockchain platform to send and receive assets and data messages cross-chain, significantly improving and expanding the applicability of the previous version.

pNetwork v2 aims to continue innovating in the field of cross-chain routing by pioneering cross-chain interoperability features for dApps. By enriching and expanding its previous set of features, v2 is an enabler for the project to focus on contributing to the growth of some of the biggest blockchain-powered trends.

The pNetwork DAO was launched in July 2020 as the first major step towards decentralizing the system, encouraging community participation and removing exclusive governance powers from the core team. Over the past year, the functions of the pNetwork DAO have expanded to include staking functionalities for node operators to execute nodes and for external community members to open voting proposals.

As part of pNetwork’s road ahead, the pNetwork DAO will be evolved into a multi-chain decentralized governance tool enabling community members to participate in governance voting proposals from outside of the Ethereum mainnet. While the main DAO infrastructure will remain on Ethereum, DAO members will have the option of choosing where to interact with it from hence they will be able to opt for a more gas-efficient ecosystem should they prefer it.

About pNetwork

pNetwork is a decentralized network powering the pTokens solution.

📰 INFO

https://medium.com/pnetwork/introducing-pnetwork-v2-bfa7fcdcedb8

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