The launchnet will now be immune to common network congestion issues

Auckland, New Zealand – (Newsfile Corp. – October 5, 2021) – Multi-chain synthetic asset network PLUGnet has announced an update to its Blockchain Ottó that improves the burst throughput of its nodes. The launchnet will now be able to handle an introductory sale with over 60,000 users sending 2,000 transactions per second and incentive payments of over 800 transactions per block.

Otto Blockchain

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The patent-pending solution enables the blockchain to support high-speed trading on decentralized exchanges, which are increasingly becoming accessible through Otto and PLUGnet. Common network congestion issues experienced by other scalable networks will not be a problem on Ottó. Being able to support a higher introductory sales volume will allow more participation and fewer limitations for users.

PLUGnet COO Jeff McDonald shared his take on the new development: “The idea is that new projects can have an introductory sale for their assets on Ottó without any pain or waste of gasoline costs. Users will be able to make near instant transactions on the DEX even at peak times.”

Ottó Blockchain is designed for partners and developers who are on PLUGnet to create the next generation of DeFi compliant applications. It allows teams to test their ideas on a growth infrastructure before the next launch of the main PLUGnet network.

About PLUGnet

PLUGnet is an advanced multi-chain synthetic asset protocol, designed to allow asset custodians to leverage any asset from any network in its synthetic form as well as innovative DeFi services. It is a public PoS network that allows anyone with the PL ^ G token to participate in the decentralized governance of the network and to connect to a range of partner exchanges, custodial service providers, managers. of assets and staking farms in the PLUGnet Partner Alliance.

Media contact:

Robert Penington

[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98679


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