At the core of Pecu Novus is global inclusion, every application or token created on the backbone of the Pecu Nouvs Blockchain Network is a separate blockchain. This is called a layer-2 and it increases the scalability and security of Pecu Novus.
Layer-2s promote global inclusion, allowing developers anywhere in the world with the ability to build on Pecu Novus, help further build the community and build an actual business.
Sidechains
Sidechains are actual blockchains that allow digital assets from Pecu Novus to be bridged over and used on another blockchain. Sidechains run in parallel with Pecu Novus and interact with Pecu Novus through bridges, but they do not derive their security or data availability from Pecu Novus. They have their own security protocols in place, which may be strong enough for their sidechain.
Sidechains similar to layer-2s can offer lower transaction fees and higher transaction throughput but have different trust assumptions. While Pecu Novus does offer security options for layer-2 solutions, it’s important to note that opting for enhanced security may result in higher fees within the layer-2 framework.
Using Layer-2s
There are a couple of ways to move your digital assets onto a layer-2 platform. First is bridging your digital assets from Pecu Novus via a smart contract, Second you can simply transfer your digital assets directly to the layer-2 platform.
Keep in mind that centralized exchanges and decentralized exchanges work differently. When transferring your digital assets from Pecu Novus to a centralized network then you can essentially be relinquishing your direct ownership of those digital assets however they provide withdrawal options. Decentralized exchanges in most cases provide self-custody which keeps the digital assets in control of the Pecu Wallet holder.
Many layer-2 projects are in their very early stages and necessitate users to place trust in certain operators for the network’s decentralization efforts. It is highly recommended to conduct thorough research and assess your comfort level with associated risks before engaging with these projects.
Pecunovus.com uses cookies on this website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
error: (c) 2021 Pecu Novus - Content is protected !!