Pontem Network, an experimentation platform for Fb-backed Diem planning to bustle on Kusama, has done the first milestone home out below the Substrate Builder’s Grant Program by Parity Technologies.
Pontem Network Completes the First Milestone below the Substrate Builder’s Grant Program
As per an substitute on October 24, in three months, Pontem Network managed to originate their Parachain and undertake the identical outdated Diem library for compatibility with Pontem. It’s on high of implementing an EVM effectively matched collator for staking and activating a bridge in Alpha to be later constructed-in with the Chainbridge.
To boot to to those considerable accomplishments, the Pontem Network builders also upgraded all their environments, including tools, VM WASM, and Pallet, to the latest model of Pass VM.
Below the Substrate Builder’s grant program, the mission is receiving serious technical red meat up from Parity—the developer of Polkadot.
The latter is one in all the most considerable blockchains that can host fine quality tasks gaining access to interoperability from an extremely-proper, group-pushed platform.
The Pontem Network is one in all the 50 tasks below this intention.
Pontem Network’s Achievements in 3 Months
Specifically, in launching their Parachain, the Pontem Network builders also efficiently home up and ran the Relay Chain sooner than linking it with the just blockchain.
The mission’s builders, in the course of home up, transformed their standalone Substrate blockchain the spend of the Cumulus framework and the Nimbus consensus extensions to a functional Parachain.
The just blockchain is the most critical feature of Polkadot. Thru Parachains, there would possibly be interoperability, flexibility, and, seriously, scalability to overcome the prohibitive high Gasoline costs experienced in Ethereum.
The closing goal of the Pontem Network is to be a trustless, legit test community for the extremely anticipated Diem blockchain on Kusama.
The scalable platform with red meat up from the social media giant, Fb, is expected to shake down remittance, porting processes into the blockchain.
As study stamp, the redundancy of a public ledger interprets to improved security and higher efficiency.
Work on Milestone #2 Begins
With the completion of the first milestone, Pontem Network builders are hunched, engaged on the subsequent phase starting up with bustle checks and taking off with key integrations.
Below the 2d milestone, the mission’s creators are on the moment taking a look to work on needed aspects touching on to governance, treasury, and xcmp.
