PlutosNetwork
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#Solana, #Polkadot, #BSC
Solana, Polkadot and BSC are the three pillars that Plutos Network's technical infrastructure will be build upon. Scalability, security and accessibility to huge user base are critical to the development of a synthetic platform such as Plutos Network. Based on the requirements, we choose these three Blockchains for the long-term and continuous development of Plutos Network.
- 1.Polkadot will be the underlying technical basis for the cross-chain functionalities of Plutos Network, enabling the who system the capabilities of communications with para-chains and other leading Blockchains.
- 2.With the strong ecosystem support, we see BSC as a Blockchain with promising growth potential. With the backing of Binance, the most dominant company in the cryptocurrency industry β Binance Smart Chain is poised to establish itself as a user-friendly alternative for the largely Ethereum-based decentralized finance market.
- 3.Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. The network introduces various new and unique technologies to provide users with unmatched transaction speeds and enterprise-level security.
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Why Polkadot?
Limitless Scalability β Polkadot can support an infinite number of blockchains and allow them to connect together. These are known as para-chains.
Adaptable Consensus Mechanism β As different blockchains run on different consensus mechanisms, the Polkadot platform provides an open and adaptable consensus mechanism to host them.
Cross-Chain Transactions β The framework can support the transfer of value between different blockchains. Itβs necessary for interoperability and true integration.
Defined Governance Mechanism β It has a defined governance mechanism, which eliminates a major problem faced by other blockchains.
Upgradeability β Polkadot can support upgrades, without having to resort to drastic hard forks to implement change.
Pooled Security β The blockchains connecting with Polkadot can be secured by a unifying security umbrella. This can help protect small chains that donβt have effective security bootstrapping.
Low transaction feesβ Polkadot claims it has lower transaction fees compared to Ethereum.
Why BSC?
Binance Smart Chain is a blockchain service that allows developers to build their own decentralized apps using smart contracts. Binance Smart Chain has been designed to provide the same kind of speedy transactions while also greatly expanding the available features and capabilities. It's also compatible with the Ethereum Virtual Machine (EVM), which means itβs capable of running dapps ported over from Ethereum.
- A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange
- Cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds
- Cross-chain DeFi mechanisms that increase DeFi interoperability
- A supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A growing ecosystem of millions of users across Binance.com and Binance DEX
- A network of major crypto projects already collaborating with BSC
Why Solana?
Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently supports 65,000 TPS (Transactions per second) and 400ms Block Times. The overarching goal of the Solana software is to demonstrate that there is a possible set of software algorithms using the combination to create a blockchain. So this would allow transaction throughput to scale proportionally with network bandwidth satisfying all properties of a blockchain: scalability, security and decentralization.
In order to create a decentralized, permission-less network that matches the performance of a single node, the Solana team developed 8 key technologies:
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