What is Plian?
Plian, formerly known as PCHAIN, is a multichain blockchain protocol with ultra-high scalability. The platform deploys a Proof-of-Stake consensus mechanism with a little twist – Plian’s revolutionary PDBFT model. This unique consensus mechanism sustains faster processing speeds on the protocol across different chains.
Plian is compatible with Ethereum, thus, developers can leverage its fast-paced consensus and massive scale to power efficient and reliable dApps. Plian aims to make DeFi tools as convenient as conventional apps by facilitating cross-chain interoperability and instant transaction settlement.
Apart from the patented PDBFT consensus algorithm, Plian’s architecture features dynamic bidding and safe delegation. This tool ensures a seamless and fairer selection of validators, crucial in keeping Plian decentralized and secure. Also, the native Plian multichain consists of a central chain connecting to multiple anchored parallel chains.
Another key feature of Plian is the Smart Data oracle mechanism. This tool expands the scope of smart contract applications, enabling users to execute the contracts beyond their native blockchains. So, Plian smart contracts can perform operations efficiently in different chains.
Overall, the Plian ecosystem is easy to integrate for most, if not all, blockchain apps. The ecosystem also features a native token, PI. Check the live PI price above.
Use Cases of PI Tokens
Primarily, PI crypto is a utility token, facilitating all network transactions on the protocol. Given Plian’s cross-chain support, the token is deployed across different blockchains.
Validator nodes stake PI tokens when submitting their candidature to be elected as validators on Plian. Also, nodes can stake their PI to other candidates in a process called delegation. Basically, users who do not want to run the Plian nodes can delegate their authority to other nodes.
Additionally, PI tokens are used to settle network fees on the platform.
Also, like many other tokens, you can invest in PI as a digital asset. If you are looking to join the Plian community, check the PI price and add the token to your watchlist.
Who Founded Plian?
Plian protocol is developed by the Plian Group – a pioneering Chinese blockchain company. The group has made major strides in blockchain development, with patented technologies that make platforms fully decentralized, highly scalable, and secure.
The group has CEOs for various departments. Dr. Feng Cao is the CEO of Plian Global operations, Plian Foundation, and Plian Shanghai. David Chen heads Plian Nanjing, while YVain Dou leads Huachang blockchain. All these are subsidiaries of the Plian Group.
The larger Plian group is building a go-to platform for instant, scalable, and trusted transactions with low economic barriers and a budding community.
Tokenomics of PI
PI is a deflationary token with a maximum supply of 2.1 billion tokens. The tokenomics mechanism builds the token’s value over time despite volatile crypto markets. Check out the PI price today on the live chart above to keep up with the project’s progress.
