The Future Of Token Bridging and Interconnectivity: Supontis, Near Protocol, and Ethereum
The following platforms have significantly impacted Bridging between Blockchains. With Supontis (PON), Near Protocol (NEAR), and Ethereum (ETH), users can boast of easy transactions across Blockchains. Below is a run-down of their features and what they offer:
Supontis (PON) is Supporting Cross-chain Interoperability
Supontis (PON) will support cross-chain bridging among all the crypto space’s elite blockchains, including Ethereum (ETH), Binance, Tron, and Fantom.
In addition, Supontis(PON) will deploy the token on the Binance Smart Chain (BSC) to ensure users can transact on a secured, fast and cheap blockchain, which are some of the features the Binance Smart Chain (BSC) is currently offering.
The platform seeks to eradicate the limitations of blockchain interactions. With Supontis (PON), the idea of a quick and easy Blockchain-to-Blockchain interaction would help several Blockchain projects come into the market quickly, knowing they could easily move their tokens freely between Blockchains.
The ‘Staking’ feature of Supontis (PON) allows users to lock up their tokens for some time to obtain rewards. This Staking feature will be powered by PON, a BEP-20 token built on the BNB Smart Chain. In addition, Supontis (PON) features a DAO (Decentralized autonomous organization) in its governance, enabling its users to have a high level of decentralization that was previously not achievable.
Users can vote on DAO proposals on the Supontis (PON) network. In addition, large token holders ($PON whales) would be able to raise their own decisions on the Supontis (PON) network, and other users could vote on that decision in the interest of the overall project. Since every crypto investor can purchase Supontis (PON), its accessibility would increase as Supontis (PON) also aims to list its token on other decentralized exchanges.
Near Protocol (NEAR) is the Network-bridging Protocol
Near Protocol (NEAR) is a famous Blockchain and bridging network that has been around for a while. This trustless Protocol allows users to bridge anything (any token or coin) from another blockchain to the NEAR Blockchain.
Investors can proudly say the future of bridging and Interconnectivity is safe and secured in the hands of technologies such as the Near Protocol’s bridge (Rainbow bridge). The Rainbow Bridge enables users to easily send Ethereum tokens between Ethereum (ETH) and Near Protocol (NEAR). Interestingly, Near Protocol (NEAR) has added the use of ‘Nightshade technology,’ which has greatly improved the transaction speed on the network and helped it hit a TPS of 100,000 per second.
A user would first place tokens in an Ethereum (ETH) smart contract before moving them from Ethereum to Near Protocol (NEAR). These coins are then locked, and on the Near Protocol (NEAR) platform, new tokens would be issued to represent the original tokens. The platform can reverse the process if the user wants to return their original tokens because the smart contract keeps the original money in storage.
Ethereum (ETH) is Enabling the Development of Decentralized Applications (dApps)
Ethereum (ETH) can be used to transfer and receive value internationally without the involvement of any third parties. In addition, Ethereum (ETH) is one of the world’s largest Blockchains, and it’s famous for introducing smart contracts on the Blockchain, allowing decentralized applications and tokens to run on a Blockchain.
Nearly all other Blockchain have copied this technology from Ethereum (ETH) to allow tokens to run on its Blockchain, leading to many successful widespread use cases. In addition, the Ethereum (ETH) network also supports bridging, which its community and users widely use. This feature allows for easy, secure, and fast Intertransfer back and forth transactions across the Ethereum (ETH) Blockchain.
The Bottom Line
Near Protocol (NEAR) and Ethereum (ETH) have considerably impacted Bridging and Interconnectivity between blockchains. However, Supontis (PON) shows greater potential for further advancement of Bridging across Blockchains.
Supontis (PON);
Presale: https://register.supontis.com
Website: http://supontis.com/
Telegram: https://t.me/SupontisTokenOfficial
The post The Future Of Token Bridging and Interconnectivity: Supontis, Near Protocol, and Ethereum appeared first on Analytics Insight.
The following platforms have significantly impacted Bridging between Blockchains. With Supontis (PON), Near Protocol (NEAR), and Ethereum (ETH), users can boast of easy transactions across Blockchains. Below is a run-down of their features and what they offer:
Supontis (PON) is Supporting Cross-chain Interoperability
Supontis (PON) will support cross-chain bridging among all the crypto space’s elite blockchains, including Ethereum (ETH), Binance, Tron, and Fantom.
In addition, Supontis(PON) will deploy the token on the Binance Smart Chain (BSC) to ensure users can transact on a secured, fast and cheap blockchain, which are some of the features the Binance Smart Chain (BSC) is currently offering.
The platform seeks to eradicate the limitations of blockchain interactions. With Supontis (PON), the idea of a quick and easy Blockchain-to-Blockchain interaction would help several Blockchain projects come into the market quickly, knowing they could easily move their tokens freely between Blockchains.
The ‘Staking’ feature of Supontis (PON) allows users to lock up their tokens for some time to obtain rewards. This Staking feature will be powered by PON, a BEP-20 token built on the BNB Smart Chain. In addition, Supontis (PON) features a DAO (Decentralized autonomous organization) in its governance, enabling its users to have a high level of decentralization that was previously not achievable.
Users can vote on DAO proposals on the Supontis (PON) network. In addition, large token holders ($PON whales) would be able to raise their own decisions on the Supontis (PON) network, and other users could vote on that decision in the interest of the overall project. Since every crypto investor can purchase Supontis (PON), its accessibility would increase as Supontis (PON) also aims to list its token on other decentralized exchanges.
Near Protocol (NEAR) is the Network-bridging Protocol
Near Protocol (NEAR) is a famous Blockchain and bridging network that has been around for a while. This trustless Protocol allows users to bridge anything (any token or coin) from another blockchain to the NEAR Blockchain.
Investors can proudly say the future of bridging and Interconnectivity is safe and secured in the hands of technologies such as the Near Protocol’s bridge (Rainbow bridge). The Rainbow Bridge enables users to easily send Ethereum tokens between Ethereum (ETH) and Near Protocol (NEAR). Interestingly, Near Protocol (NEAR) has added the use of ‘Nightshade technology,’ which has greatly improved the transaction speed on the network and helped it hit a TPS of 100,000 per second.
A user would first place tokens in an Ethereum (ETH) smart contract before moving them from Ethereum to Near Protocol (NEAR). These coins are then locked, and on the Near Protocol (NEAR) platform, new tokens would be issued to represent the original tokens. The platform can reverse the process if the user wants to return their original tokens because the smart contract keeps the original money in storage.
Ethereum (ETH) is Enabling the Development of Decentralized Applications (dApps)
Ethereum (ETH) can be used to transfer and receive value internationally without the involvement of any third parties. In addition, Ethereum (ETH) is one of the world’s largest Blockchains, and it’s famous for introducing smart contracts on the Blockchain, allowing decentralized applications and tokens to run on a Blockchain.
Nearly all other Blockchain have copied this technology from Ethereum (ETH) to allow tokens to run on its Blockchain, leading to many successful widespread use cases. In addition, the Ethereum (ETH) network also supports bridging, which its community and users widely use. This feature allows for easy, secure, and fast Intertransfer back and forth transactions across the Ethereum (ETH) Blockchain.
The Bottom Line
Near Protocol (NEAR) and Ethereum (ETH) have considerably impacted Bridging and Interconnectivity between blockchains. However, Supontis (PON) shows greater potential for further advancement of Bridging across Blockchains.
Supontis (PON);
Presale: https://register.supontis.com
Website: http://supontis.com/
Telegram: https://t.me/SupontisTokenOfficial
The post The Future Of Token Bridging and Interconnectivity: Supontis, Near Protocol, and Ethereum appeared first on Analytics Insight.
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