New Updated Roadmap: Plutos Network will migrate to Solana for better scalability and faster transactions
Dear Plutos Community,
Plutos Network is excited to release our updated roadmap today. Our endeavour to deliver a next-gen cross-chain DeFi synthetic hub will enter a new phase as we migrate to Solana post-main-net launch.
Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. Solana has brought new values and innovations to offer highly scalable, low cost and composable technical infrastructure for developers and dApps. With the continuous expansion of the Solana eco-system and application scenarios, we believe that Solana to be the best strategic choice to build our platform on.
After an in-depth meeting with the Solana team, and a massive thanks to the support that Solana offers, the Plutos Network team has grown in confidence over the long-term development of the Solana eco-system and the cutting edge technologies that it can offer to provide the best support that we can get in building a DeFi synthetic hub with functionalities that can outperform the market.
Our detailed plans for the future migration to Solana include the following:
- The Plutos product will focus on Solana-based development and start the migration to Solana after the main-net product launch in July.
- The Plutos team will build an oracle calling module, runtime module, migration module etc. based on Solana technologies using Rust for coding, as well as core smart contracts.
- The Plutos team will be prepared to attend future Solana hackathons and grant programs.
- As the Plutos market applies an AMM mechanism, the team will begin discussions with Serum and Raydium teams for possible technical integration in order to offer the ultimate trading experience for users.
- The Plutos team will work closely with the Solana team for technical integration, user growth, and ecosystem building.
With Solana gaining more organic traction and positioning itself as the ETH slayer, we see sufficient momentum alongside Solana which can drive Plutos Network in its sustainable and long-term development.
“Plutos Network is born to offer better solutions for DeFi Synthetics as current platforms are refrained from functionality breakthrough as they are Ether-based. By embracing Solana, we are definitely more confident that we can become that solution. ”
Juan Capilla, CEO of Plutos Network
About Plutos Network
Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.
Join us.
Official Email: official@plutos.network
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Korea Telegram Group https://t.me/PlutosNetwork_Korea
