7

Avalanche Burns Blockchain Bridges, Supontis Token Builds Them

 2 years ago
source link: https://cryptomode.com/avalanche-burns-blockchain-bridges-supontis-token-builds-them/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client
word-image-27226-1-696x696.png
Proleo.gif

The blockchain platform, Avalanche, deals with allegations of leveraging the law to take down its competitors. In a world that is already so divided, crypto enthusiasts are finding it difficult to transfer their assets between different blockchains and experience the benefits of all platforms. The emergence of cross-chain bridge platforms like Supontis begs the question, why should blockchain technology be kept in isolation?

What Is A Blockchain Platform?

A blockchain platform is a ledger for all cryptocurrency transactions on a peer-to-peer network. Fully decentralised, with no governing body, blockchain platforms allow users to confirm transactions without the presence and an intermediary.

The Avalanche Scandal Explained

This cryptocurrency and blockchain platform was created as a rival to Ethereum. Avalanche can provide quick transaction finalities and very low fees for its users. For this reason, it is very popular among crypto-holders, especially those who do not like Ethereum.

However, recently this blockchain platform has fallen under hot water. In August of 2022, crypto whistleblower Crypto Leaks released a paper with some defamatory accusations against Ava Labs, a developer of Avalanche.

According to the allegations, Ava Labs had made some suspicious arrangements with a law firm to misuse the legal system against other competitors. The law firm was tasked with investigating any competitors to gather dirt on them and then charge class-action lawsuits against them. The legal firms were supposedly meant to be paid a significant amount of AVAK tokens in compensation.

Both the CEO of Ava Labs and the legal firm have denied any truth to the leaks, and so far, no more news has come out of this.

What Is A Cross-Chain Bridge Blockchain Platform?

A cross-chain bridge blockchain platform, like Supontis, facilitates the cross-chain transfer of assets between different blockchain platforms (typically the most widely used one e.g Ethereum, Binance, Tron and Fantom).

Because blockchains are built in isolation with varying consensus mechanisms and rules, most cannot communicate nor transfer their tokens freely. A cross-chain bridge allows crypto holders to experience the different perks of blockchains and boost their capabilities.

Unlike Avalanche, Supontis Makes Connections

word-image-27226-3.jpeg

The word Supontis stems from the English word super and the Latin word pontis which translates as ‘bridge’. Currently in round 2 of its presale, Supontis is a DAO platform built on the BNB Smart Chain, enabling the cross-chain bridging of assets. And in an attitude very different to Avalanche, developers of Supontis dream of establishing peak connectivity between the users of blockchain technology.

If you wish to buy the native token of Avalanche (PON), you can do so during the presale. The initial price of 1 PON will be $0.0056. Currently, Avalanche is offering a 10% bonus to anyone who registers and makes their first purchase. There are 3 billion PON coins available for presale. However, the stages are moving fast as the demand for cross-chain bridge platforms is high among crypto-enthusiasts.

Supontis highlights a general direction the crypto market is moving in. Blockchain technology has offered the world so much potential. Unfortunately, some crypto companies want to dominate the market at all costs. It is no wonder crypto holders want a straightforward way to transfer their assets between blockchains with platforms like Supontis.

For more information on this project:

Presale: https://register.supontis.com

Website: http://supontis.com/

Telegram: https://t.me/SupontisTokenOfficial

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: [email protected] None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.

</div


report

Recommend

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK