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Thursday

13 May 2021

pNetwork And Algorand Launch Partnership To Create Cross-Chain Connections

pNetwork And Algorand Launch Partnership To Create Cross-Chain Connections


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Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network.

To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform.

Thus, Algorand will be able to build a connection with other networks, assets, tokens, dApps, and smart contracts.

The cooperation will also allow Algorand to connect with other pNetwork supported cross-chain and relied on a bridge with Bitcoin, Ethereum, Dogecoin, Litecoin, Binance Smart Chain, EOS, Ravencoin, Polygon, and others.

The cooperation will expand the Algorand ecosystem to support assets and cryptocurrencies pegged in a 1:1 parity with their native versions.

Lee expects pNetwork to expand the reach of cross-chain interoperability by allowing other tokens to move on Algorand.

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