The DeFi industry is experiencing a significant transformation, and PAW Chain is leading this change. With a focus on enhancing interoperability and scalability, PAW Chain has rolled out its Beta version, an important step in its aim for a decentralized, multi-chain future.
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Phase 1 PAWCHAIN Beta Launch:
PAW announces the live launch of Phase 1 of its beta testnet, showcasing:
- Layer 1: The Geth-Based Blockchain, forming its architecture's core and guaranteeing compatibility with all EVM Contracts.
- Layer 2: Internal Server-Side Communication Layer, the infrastructure backbone facilitating efficient data transfer.
- Layer 3: Interoperable Ledger Layer, a groundbreaking solution for scalable, efficient transaction processing.
PAW Chain Enables a New Path with PAW Coin
Embracing the evolution witnessed by leading blockchains like BNB and TRON, PAW Chain is set to migrate to PAW Coin. This transition underscores its vision for a decentralized blockchain ecosystem where assets move fluidly across chains, supported by the architecture of its Beta testnet.
Tools for Transparency and Security
- PAW Wallet V1 Beta: A dApp solution tailored for the unique framework of PAW Chain, that bridges the gap for non-EVM chains, paving the way for a browser extension and a mobile app.
- PAW Bridge V1 Beta: Facilitates seamless transactions between PAW Chain’s Layer 1 and Layer 3, ensuring swift and secure cross-chain exchanges.
- Custom PAW Scanner V1 Beta: A blockchain explorer designed for PAW Chain, with smart contract verification and real-time transaction scanning.
Migration to PAW Coin: A Vision for the Future
PAW Chain's migration to PAW Coin is a move towards updating its operational framework to support better interoperability and scalability within the DeFi sector. With an audit process in place, the aim is to ensure the consistency of $PAW's value and the total supply. This step is a response to the need for technological updates in the fast-paced DeFi environment, planned to keep the transition smooth for users. The process is designed with a focus on maintaining operational stability and security during the changeover.
PAW Wallet V1 Beta:
The PAW Wallet V1, designed for PAW Chain's unique architecture, offers seamless interaction with non-EVM and EVM chains alike. This dApp solution is the first step towards broader accessibility, with future plans for a browser extension and mobile app. It's a development in PAW Chain's mission for interoperability, ensuring users a secure, integrated experience as they navigate the multi-chain ecosystem.
Commitment to the $PAW Community
As the PAW team stands on the brink of publicly launching its BETA, they are more than just a blockchain project; they are a movement towards a future where interoperability and security are not just ideals but realities. PAW Chain's migration and the introduction of the PAW Chain Beta testnet are milestones in its journey, highlighting its dedication to building a decentralized blockchain ecosystem that is accessible, secure, and interconnected.
The team invite the $PAW community and the wider DeFi community to join them in this exciting phase. As they continue to innovate and push the boundaries of what's possible in the blockchain space, the PAW community’s support and engagement are invaluable.
Connecting to our L1:
- Chain name: PAWCHAIN
- RPC: https://pawchainbetarpc.xyz
- Chain ID: 867
- Currency Symbol: PAW
- Scanner url: https://pawscan.io
- Faucet url: https://pawfaucet.com
Stay Informed, Stay Secure
Please remain vigilant against scams. PAW Coin is currently not available, and users are urged to stay informed through PAW’s official channels.
For more details on PAW’s migration plan and its PAW Chain Beta launch, visit the official PAW blog at https://www.pawchain.net/blog.
Contact Info:
Name: Gavin Brevett
Email: Send Email
Organization: The Paypers
Website: https://thepaypers.com/
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
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