In the last week, there have been significant advancements and updates surrounding SONs and Peerlink. These updates are indicative of our ongoing commitment to enhancing existing products and introducing new approaches for supporting the crypto community. These are the latest blockchain happenings.
SONs Update
We’ve been rigorously preparing for a major mainnet release. This upcoming release will have many exciting features like enhancements to Bitcoin SONs as well as Ethereum SONs!
Sidechains help move tokens, and perform transactions faster and cheaper. They’re a decentralized way to seamlessly transfer value between various blockchains. And SONs are the nodes that make Sidechains Operate. SONs provide a way for blockchains to interact harmoniously. They solve the Inter-Blockchain Communication problem.
We are now very close to the completion of Ethereum SONs. Currently, there are some bugs and important requirements that are being addressed. For Ethereum SONs, the primary focus was to provide support for ETH, but we’re now exploring ERC20 tokens as well.
In parallel, we are also starting to provide support for the Binance Chain (BNB – formerly called Binance Smart Chain or BSC). We’ve begun investigating sidechain operating nodes for BNB. This is exciting news as BNB is the 5th largest crypto (as of December 2022) by market cap with a huge ecosystem.
Peerlink
We’re in the final stages of completing the front-end work for Peerlink. This project allows users to link up with the Hive Layer2 ecosystem, as well as with projects from both the Ethereum and Peerplays families. We’re planning a demonstration this week alongside the Speak team, during which we’ll be showcasing our progress so far.
One particular challenge that arose throughout this process was the lack of compatibility with ERC20 tokens. However, we’ve been working hard on finding solutions to this problem and we are close to achieving a successful outcome in this regard.
In order to ensure that Peerlink works in synergy with these technologies, we have been exploring different ways to bridge the gap between these blockchain networks. Our goal is to make sure that users can access all the features they need effortlessly when they use Peerlink.
SONs and Peerlink Updates – All that’s new
We have made significant updates on SONs and Peerlink. We are always working hard to improve our products and services so that we can better serve the blockchain community. Stay tuned for more exciting announcements and developments – thank you for your continued support!
About Peerplays
We are dedicated to empowering people’s freedom to create greater outcomes, giving them control over how they own and collaborate worldwide. The core foundation for Peerplays success in 2023 relies primarily on the release and promotion of mechanisms incorporating decentralized ID, gamification, and ‘handshake’ like onboarding that is easily accessible to people who use smartphones. At Peerplays, we are on a mission to revolutionize the world of blockchain technology and empower individuals with the freedom to take control of their digital lives. To achieve this ambitious goal, we are constantly on the lookout for the most talented individuals who share our passion for innovation and our commitment to decentralization. If you believe in the transformative potential of blockchain technology and are eager to contribute your skills and expertise to this groundbreaking project, we want to hear from you.
