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

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