Algorand Partners With pNetwork To Build Cross-Chain Bridges

After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be interoperable with Algorand, a pure Proof-of-stake blockchain. This network is natively complex to be connected with other protocols. The cooperation is set to tackle this issue and expand Algorand ecosystem. The cooperation will enable Algorand to support some of the most relevant tokens and cryptocurrencies in the industry, such as Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BNB), Litecoin (LTC), EOS, Polygon (MATIC), and many others. These cryptocurrencies are already cross-chain connected with pNetwork, the system has one of the highest numbers of bridges in the crypto space. Algorand And pNetwork To Create More Connections…

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