CINDX is pleased to announce a new partnership with Penta Global, an open-source blockchain platform based on peer to peer principles explicitly developed for financial sector and Internet of Things with high scalability and capacity.
Penta Network is a next-generation platform for both public and private blockchain projects, designed to be a premier platform for transferring value and operating high-performance decentralized applications. Penta will remove roadblocks and reshape the blockchain landscape with an emphasis on impacting the real economy and improving productivity. With its unique consensus algorithm (DSC) and a distributed network architecture, Penta is building the world’s most inclusive, equitable, and distributed blockchain community.
CINDX allows blockchain investors to choose an expert manager for their portfolio based on actual trading statistics recorded on the blockchain, and consistently earn returns. The statistics include the manager’s performance history, investment risk level, type of cryptocurrency traded, and other essential pieces of data. Investors’ portfolios are automatically connected to a manager through an API key, and their cryptocurrencies are securely traded for a reasonable success fee.
This partnership may help CINDX to explore cross-chain communication protocol capabilities for our platform. A cross-chain communication protocol is an application layer which provides unified authentication of identity, as well as other functions, such as chain service registration, find chain services, and evaluation of the quality of chain & services.
This functionality will improve synergies among different blockchain platforms and with centralized systems. The Penta Network provides a converged client terminal that integrates with the current major blockchain client terminals (i.e., BTC, ETH, Ripple, Stellar, NEO, Dash, Hyperledger, etc.) to provide users with unified user experience. The converged client terminal will be made available via a unified API. By using this type of converged client terminals, other blockchains will be able to establish connections and achieve synergies with the Penta Network.
CINDX CEO Yuriy Avdeev said:
‘Penta Network will help us leverage our positions in the fintech space by providing us with world-class tools which we will transform in world-class customer experience for our platform users. In a high-competitive blockchain space such resources should not be taken at face value, as they help us to develop our platform and at the same time broaden our business network’
About CINDX
CCINDX is an investment platform that allows individuals to combine several crypto exchange accounts into one trading terminal, and gives them the option to connect to the best managers without having to transfer their funds. Moreover, implementation of blockchain-based transactions will allow the trading history to be saved, and a rating system will be used to differentiate the successful managers from the less successful ones.
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