Plena Integration with Avalanche

Published on: 08.03.2022

Plena latest integration with Avalanche. With this collaboration, Plena Finance will be launching their product (the Plena Finance mobile application) on the Avalanche blockchain. They looking forward to taking advantage of Avalanche’s blazingly fast, low cost and eco-friendly blockchain.

With this strategic integration with Avalanche, they aimed to offer the best Web 3.0 and DeFi solutions and tools on their application on a blockchain that allows you to carry out transactions with ease, speed and general comfortability. They plan to launch their product on some of the best blockchains available and this is why along with launching on the Polygon and Binance Smart Chain (BSC), adding the Avalanche chain to give users a plethora of options to choose from.

One key difference between Avalanche and other decentralized networks is its consensus protocol. There has been the false notion over time that blockchains have to be slow and not scalable but this doesn’t have to be the reality (actually isn’t the reality). The Avalanche protocol employs a novel approach to a consensus to achieve its strong safety guarantees, quick finality, and high throughput without compromising its tenet of decentralization.

Speaking about the integration with Avalanche, Plena Finance’s CEO Sparsh Jhamb said:

“One thing that stands out for me with the Avalanche chain, is the time it takes to consider a transaction final. Unlike other blockchains which take between 50 secs to 60 minutes to confirm a transaction on the blockchain, Avalanche takes less than 3 seconds to do that. This is one of the reasons why we at Plena Finance are very bullish on this integration.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

About Plena

Plena is a mobile-first application that provides comprehensive Web 3.0 and DeFi (including NFT and Metaverse) services. This is a private, gasless and interoperable application that is compatible with both iOS and android devices.