Pyra Network Introduction

Pyra Network is a cutting-edge open source ecosystem built around the BNB Chain platform. It comes with a light wallet that incorporates numerous services such as sending and receiving funds, defi swap, NFT marketplace, staking center, and others. Our services enhance blockchain adoption by enabling average users, developers, creators, liquidity providers, and traders to participate in an open and accessible financial marketplace.

A public chain with excellent efficiency and energy savings is called Pyra Network (Pyra). It allows high-performance transactions and is compatible with smart contracts. Pyra’s endogenous token, $PYRA, uses the BPoS consensus algorithm.

The peer-to-peer network protocols used by Pyra Network are unique.

These protocols are used by Pyra Blockchain to send and gather transaction candidates, propagate new blocks, and more.

While single-blockchain projects like Bitcoin or Ethereum have relatively low networking requirements (one essentially needs to build a peer-to-peer overlay network and spread all new blocks and transaction candidates by a gossip protocol), multi-blockchain projects like the Pyra Blockchain have much higher networking requirements (e.g., one must be able to subscribe to updates of only some shardchains, not necessarily all of them).

These protocols are used by the Pyra ecosystem services (such Proxy, DNS, and Storage).

It turns out that the more complex network protocols required to support the Pyra Blockchain may be easily employed for purposes unrelated to the immediate needs of the Pyra Blockchain, opening up more options and flexibility for developing new services in the Pyra ecosystem.