Plug Chain

The PLUGchain ecosystem endeavors to create a high-performance public chain solely designed to resolve information and data interaction problems. The platform follows a mission of developing a safe, smooth, and efficient intercommunication between blockchain and real-world data. PLUGchain also wants to bridge the communication gap among public chain contracts with the help of cross-chain technology. Cross-chain technology allows transactions between two different blockchains.

The PLUGchain platform has a decentralized predictor network at its core, based on a cross-chain interaction design. The platform takes help from this cross-chain design with the aim to solve the information interaction issue between various blockchain networks. The main focus of the PLUGchain ecosystem is to create a safe and efficient data interaction platform with features like data security, data storage, and future applications.

According to the whitepaper, the existing data interaction system has a few pain points, such as integrity, confidentiality, reliability, availability, scalability, and interoperability. PLUGchain aims to solve these current interaction system issues through multiple data sources, multiple prediction machines, reputation systems, trusted hardware, and authenticity proof.

As the platform website states, PLUGchain comes with different core advantages, as in the following: 

The PLUGchain platform’s token is PLUGCN. The distribution includes allocating 88% to DAO (Decentralized Autonomous Organization), 7% to the angel fund, and the remaining 5% for the creation team. DAO refers to a community-driven entity without any central authority.

Joey Huang is the founder of PLUGchain, and the platform was launched in August 2021. According to the whitepaper, the total supply of the platform token is 1000 billion.