PNetwork Pnt Price USD

pNetwork is an open-source multi-chain routing protocol that makes it possible for different blockchains to work together. These cross-blockchain features make it possible, for example, to release "wrapped" tokens called pTokens that depend on keeping a 1-to-1 peg between the native blockchain and the host blockchain (e.g. Bitcoins wrapped to operate on the Ethereum blockchain). The pNetwork Token (PNT) is the governance token for the pNetwork DAO. It is also the stake currency for pNetwork nodes and the reward currency for the services these nodes provide.

The pNetwork project, which was first called pTokens and started in late 2019, is a cross-chain solution that connects multiple blockchains and assets. Its first cross-chain bridging solution will connect Bitcoin and Ethereum on March 5, 2020. After this, a number of cross-chain connections were put in place to make it possible for assets and, later, NFTs and data to move between ecosystems. Today, more than 15 networks use pNetwork to connect (including multiple very different blockchain environments and Ethereum scaling networks). At the same time, the protocol changed over time, with the goal of making the system more decentralised.

With the release of pNetwork V2, pTokens become interchangeable across chains. This means that users will be able to move their pTokens directly across any of the supported chains without having to go back to the native blockchain.

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