Networks Like Supontis Can Unite Ethereum With Other Blockchains Like Fantom

Decentralization is when the authority on a particular thing is distributed, but that's not the end. As we have seen, with blockchain networks, the authority over them is distributed as nodes managed from all over the world. However, there are situations where users will liken it to being somewhat centralized and will claim that more can be done to distribute power further.

Ethereum emerged as the network with the highest on-chain value despite the issues it faced in its early days. It enabled blockchain developers to build decentralized apps and deploy smart contracts. Despite that it was instrumental in creating the ERC-20 token standard and several other utilities, the market still clamored for more solutions other than ethereum, thereby seeking more decentralization.

Alternative networks to the ethereum blockchain emerged, and from that moment, DeFi and the other utilities on ethereum spread across these other chains. Ethereum has remained at the top of the DeFi market, but there are cases where users need to alternate between networks to find suitable DeFi solutions. Users did not encounter such solutions easily until protocols like Supontis(PON) emerged.

There were earlier solutions such as Supontis(PON), but the new protocol looks like the new generation of cross-chain bridges and could be the next big thing.

Fantom(FTM)

Fantom(FTM) is a multi-layered Directed Acyclic Graph smart contract-based blockchain network. It is regarded as a fourth-generation network because it has some upgrades in usability and functionalities compared to ethereum. It was created to be an alternative network to ethereum and, as such, is EVM compatible.

After creating the network, users only needed to bridge the ERC-20 FTM token to the Fantom mainnet. It helps solve many problems but, most importantly, scalability. It became a top network for DeFi solutions and quickly became the go-to for emerging DeFi projects. It was a network that enabled the growth of several other existing dApps on it, and as such, the FTM token was one of the most performing tokens of 2021.

The network quickly saw the need for cross-chain bridging, and at the time, it was the most suitable blockchain for emerging DeFi solutions, and many bridges were on the chain.

Supontis(PON)

Supontis(PON) is a new cross-chain network on the BNB smart chain. The name Supontis was coined from the English word super and the Latin word pontis, which means bridge. Hence, Supontis translates to the super bridge. Supontis aims to enable easy asset and value transfer across different networks.

Supontis was created by anonymous developers, and it uses the mint-and-burn mechanism to duplicate bridged tokens on other networks while the original asset stays locked on its mainnet. The BNB chain bridging protocol will enable the bridging of assets across Ethereum, Tron, Fantom, etc.

It is a community-driven DAO, and the community decides how it will be governed. Because Supontis operates as a decentralized autonomous organization (DAO), all operational choices and future platform suggestions must be proposed and approved by the network's users. By possessing and holding $PON, the native token of the blockchain, users can take part in the network's governance and voting operations.

The PON token could be one of the most promising tokens to launch soon, so you should check the presale here. It's on stage 2 presale, and you can be very early and get bonus tokens since there are a lot of offers going around. You get an 18% bonus when you buy with ETH, BNB, USDT, or BTC. Purchase of $2500 fiat currency gives you 25%, and consecutive buys can climb up to a 100% bonus. It could be your opportunity to grab one of the most promising cryptocurrencies for cheap.

For more information:

Website: https://supontis.com/

Presale: https://register.supontis.com/register