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Pastel Network has announced its collaboration with Parity Technologies. To the unfamiliar, Pastel network is a prominent purpose-built blockchain and protocol standard for Web3 and NFTs. The Polkadot ecosystem will have both native parachains and decentralized applications, leveraging the powerful technology of Pastel, post the integration. As a result, users and projects will have added security.
Currently, the developers can directly integrate Cascade, Pastel’s permanent data storage and Sense, Pastel’s near duplicate NFT detection. In order to integrate game-changing functionality, Substrate-based applications or parachains built upon them can directly communicate with Parchain. In addition, these protocols also provide protection from data losses, data manipulation and fraud, to users and NFTs.
The long-term plan of Pastel includes deploying its own parachain for ensuring the interoperability with the Polkadot system in a decentralized and trustless manner.
Nick Dunford, Growth Director at Parity Technologies, pointed out that many projects do not have adequate security measures that provide protection to the platforms and users, as the NFT space grows. On the other hand, Pastel offers robust security protocols. Thus helping in Parity’s mission to offer true interoperability. At the same time enabling their ecosystem to ensure that their assets are protected.
Parity technologies allow blockchains to operate together at scale by providing decentralized infrastructure for Web3. Substrate, a framework for building blockchains and Polkadot, a platform that connects specialized blockchains (paarchains) together, are two of its open source technologies. Building a communication bridge that links Pastel Network to Substrate and drives power by Web3 APIs, is the first step of the integration. Pastel Parachain on Polkadot will be operating it as part of Phase II.
The integration will allow Pastel to bring its mission critical technology to the likes of other parachains such as Unique Network, Acala, Efinity and Moonbeam on the Polkadot ecosystem. Moreover, to offer the necessary security and storage infrastructure to all DApps across the Polkadot blockchain through the seamless integration of with Pastel’s Cascade and Sense.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
