Advancing energy DePIN finance with DAG technology: penomo partners with U2U Network
We’re excited to announce our partnership with U2U Network, a pioneering modular chain that is DAG (Directed Acyclic Graph)-based and compatible with EVM bringing a significant throughput advantage.
This collaboration aims to enhance penomo’s renewable RWA financing Operating System, scalability, and decentralization, reinforcing the robustness of the infrastructure we provide.
About U2U Network
U2U Network is a trailblazing modular chain tailored to real-world applications, delivering infinite scalability and decentralization on demand (DoD). With its innovative Subnet architecture and Helios Consensus mechanism, U2U Network ensures high performance, security, and efficiency, making it an ideal platform for enterprise-level needs and complex, high-performance decentralized applications.
U2U Network’s Key Value Proposition:
- Modular Architecture with high throughput: U2U Network’s unique DePIN-specific modular architecture already offers impressive throughput of 17,000 transactions per second (TPS) and a finality time of approximately 350 milliseconds, ensuring high performance and scalability.
- Decentralization on Demand (DoD): U2U Network provides a reliable infrastructure for Web3 ecosystems with infinite scalability, enabling complex, high-performance applications.
- EVM Compatibility: Ensuring seamless integration and interoperability with existing Ethereum-based applications, facilitating a smooth transition for developers.
Benefits of using DAG technology Vs Blockchain:
U2U is a DAG (Directed Acyclic Graph)-based network that while being EVM compatible provides the following edge:
- Tx and Consensus speed: DAG-based ledger nodes reach consensus significantly faster than blockchain networks. Blockchain transaction validation requires the creation of a new block which is sequential — one block at a time. DAG nodes are developed simultaneously, leading to faster Tx speeds
- Tx cost edge: Transaction signature costs are often as low as $0.0001
- Scalability: As the DAG-based ledgers enable faster transactions, do not need many active nodes, and a cost edge, they gain more scalability for handling large transaction volumes which is crucial while
About the Collaboration:
- Enhanced Scalability and Decentralization: By leveraging U2U Network’s modular architecture and DoD capabilities, penomo will significantly enhance its infrastructure, offering better scalability and decentralization for our renewable asset liquidity provision. This is important for managing large RWA data streams for real time valuations or for managing cross DePIN data influx for providing utility services
- Improved Transaction Efficiency: With U2U Network’s high throughput and quick finality, penomo will streamline transaction processes, ensuring faster and more efficient operations for our users.
- Robust Security and Performance: Integrating U2U Network’s advanced security features and efficient performance, penomo will provide a more secure and reliable platform for investors and energy communities.
Evolving and staying ahead of the game
As the DePIN and RWA ecosystem evolves with the emergence of multiple cutting-edge Layer-2, Layer-1, and Layer-0 protocols, cross-network compatibility will be crucial. Native integrations will be essential for wide user reach and value exchange, which penomo is actively ensuring.
