Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

PandaInu will provide a new cross-chain transaction ecosystem

CryptocurrencyAug 12, 2021 07:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
PandaInu will provide a new cross-chain transaction ecosystem

After 6 months of rapid development, PandaInu and Infrastructure Framework Substrate have gradually enriched ecosystem projects, including 0xproject, Chainlink, Binance Smart Chain, and Ocean Protocol etc. We are gradually entering the “Renaissance era” of the blockchain industry.

As a project officially funded by Etherconnect, EIFI Finance will provide convenient entry experience for cross-chain ecological projects. The PandaInu platform is the first blockchain project developed based on Substrate other than PandaInu. Its framework realization has become mature, so panda wallet intends to integrate the Binance smart chain platform as the first cross-chain ecosystem application.

PandaInu (Mobile & Web wallet for PWT)
Panda wallet provides one-stop management of cross-chain assets, convenient mortgage and governance as well as holding of private keys. It provides users with more user-friendly and more convenient experience. As the entry to the pandaInu, it provides the users with more intuitive visual data and state change display so as to ensure the users’ right to know and network participation.

PandaInu is realizing the interoperability between blockchains, regardless of their function or whether they serve as private or public blockchains. Interoperability allows different blockchains to perform arbitrary messaging, including assets. Such inter-blockchains can include private blockchains, consortium blockchains and public blockchains.

Panda wallet will follow the Binance smart chain ecological to continue to expand the cross-chain ecosystem and provide it with convenient entry and use experience. It will quickly integrate the appropriate cross-chain application projects. This will be a diversified entry-level application.

We believe that the first to be integrated will be Chainlink, a cross-chain asset platform, which will bring more convenience and value to users. By achieving a true decentralized cross-chain asset transfer, there will no longer be pseudo-cross-chain transaction like sailing under false colors. This will be the first step in the outbreak of cross-chain ecosystem application!

Chainlink (Cross-chain hub of digital assets)
Breaking the barriers between assets in Blockchains and realizing the public blockchain ecosystem featured by multi-currency integration

BTC has established the consensus in a largest scope, but its transaction efficiency is low; ETH has established a privacy function, but it has no smart contract capability; and established a smart contract, but the migration to POS system is impossible; Chainlink allows unified transformation of assets in blockchains in a decentralized manner, so that any blockchain can achieve asset connectivity with all Blockchains as long as it has established a connection with Chainlink.

Users can realize the cross-chain linking of different kinds of digital assets they hold to Chainlink. On the one hand, the system-integrated exchange DApp can meet the transaction demands of these assets, and on the other hand, it also generates fair price for statistics of mining market value.

Chainlink is to carry out a large number of developments based on Substrate’s basic framework, including multi-chain light node adapting bridges, witness adapting bridges, special economic incentive models, and multi-chain asset hosting tools, multi-platform wallets and blockchain browsers. Chainlink will adopt the decentralized light node approach to allow cross-chain integration of mainstream digital assets, including BTC, ETH, ERC20, BEP20, TRC20, develop community habits and developer ecology for cross-chain asset transfers, and incubate the DApp that adopts the latest smart contract technology. Chainlink will use Boca’s POS consensus algorithm to establish the largest POS node network in history, which allows support for 1000+ consensus nodes, 1–2s block generation time and final deterministic latency within 10s.

The number of Chainlink consensus nodes will be limited to a few dozens in the beginning, and the limits will be gradually enlarged after the community is maturely developed. In the initial stage, the cloud server shall be used to build a consensus node. Later, ordinary users only need to download the desktop wallet to generate block, but good network access environment and computing power shall be maintained. Otherwise, in case of the latency in block generation, penalty will be imposed. In general case, a good home network and a high-performance desktop computer can meet the basic needs. The penalties will be transferred to the parliamentary fund and the subsequent referendum will determine the way to deal with the penalties.

Anyone can apply for registration of nodes and start the participation in election after the node server is installed. Chainlink adopts a “one vote in one casting” model to eliminate node conspiracy. Any user can use PCX for node election, and it is recommended to select nodes with high self- mortgage, stable operation and full identity disclosure.

The profit model of nodes is to acquire 10% of the income from users’ vote mining, and the specific proportion can be modified by the subsequent referendum. The offline of nodes or other malicious acts will result in penalty, and the node’s self-mortgage and user rewards to be received will also be deducted. The election cycle for each consensus node is one day and nodes will be ranked according to the total number of votes. If node that fails to be selected as a consensus node will become a candidate node, and it is also necessary to set up a real node to send heartbeat transactions without registering any empty node. Since the votes of consensus node and candidate node are equally involved in the mining rewards, the users will get the same benefits, so that the advancement of the candidate node will not be affected.

Summary
Panda wallet will participate in the maintenance of Chain link’s verification nodes to provide users with more secure verification transaction services, supply reliable protection for cross-chain asset transfer and eliminate malicious acts such as node conspiracy. In order to incentivize early PandaInu supporters, PWT will open its presale at their official website very soon. The Presale is the minimum price that retail investors can buy from market. The lower price you pay, the more you earn. Participate in the presale and earn more!

PWT is a new cryptocurrency which is 100% powered by the worldwide community. There is no team distribution, no institutional investors, with PWT fully distributed to the community members.

Official Website - https://pandainu.io/

Continue reading on BTC Peers

PandaInu will provide a new cross-chain transaction ecosystem
 

Related Articles

How to use stablecoins to earn a higher APY
How to use stablecoins to earn a higher APY By Cointelegraph - Oct 25, 2021

Many are quick to flock to stablecoins for their ability to de-risk cryptocurrency positions. A stablecoin can be pegged to any perceivably stable asset, for instance, a digital...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email