pNetwork X Algorand 🔥
📣 pNetwork Officially Launched Cross-Chain Bridges for Algorand
In 2021, pNetwork and Algorand announced a partnership to bring cross-chain capabilities to the Algorand Network and its ecosystem. Fast forward today, pNetwork has launched its cross-chain protocol to Algorand🎉.
Being one of the most promising networks, various projects are building their dApps around Algorand. As such, the cross-chain capability that the pNetwork protocol provides will enable users from other networks like Ethereum, Binance Smart Chain, Polygon, and more to interact with dApps in the Algorand Ecosystem.
Furthermore, the Algorand cross-chain bridge launch is powered by pNetwork v2. pNetwork v2 is an open-source protocol for cross-chain routing between blockchain ecosystems and scalability networks empowering cross-chain applications. It enables users and smart contracts on any blockchain platform to send and receive assets and data messages cross-chain.
To date, pNetwork supports 15 different blockchain networks, including various Layer 1 blockchain ecosystems and Ethereum Layer 2. With the new addition of Algorand, users and dApps can now interact with other networks and various dApps in their chosen ecosystem.
The first pNetwork-powered cross-chain bridge to launch connects the Bitcoin and Algorand networks 🔥. This enables Bitcoin (BTC) to be seamlessly moved to Algorand. This bridge is currently LIVE, and users can start moving BTC to the Algorand Network and interacting with its ecosystem.
(Simple and seamless process to move BTC to Algorand Network)
(Click HERE to start moving your BTC to Algorand Network)
*** A cross-chain bridge connecting the Algorand and the Ethereum ecosystems and adding extra assets will be launched soon ***
A Quick look on pNetwork Ecosystem
Having cross-chain support for Algorand is a big step toward pNetwork’s mission of connecting all networks. This will help users to move liquidity and assets seamlessly to different ecosystems. With the crypto and blockchain space being fragmented and unique, pNetwork believes that users and projects should be able to connect with different ecosystems with the click of a button.
The pNetwork is the underlying architecture for pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain to another, and pNetwork Portals, powering cross-chain interoperability between smart contracts. Currently, pNetwork enables transparent interaction among major blockchain protocols, including Bitcoin, Ethereum, Binance Smart Chain, and Dogecoin. pNetwork is the progressively decentralized governance layer operating the pTokens bridges and pNetwork Portals. It is home to the pNetwork DAO and the ecosystem’s governance token PNT.
Link to pTokens dApp: https://dapp.ptokens.io/