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Provable pTokens identify a token that is provable, portable and pegged. A Provable pToken is a token pegged one-to-one to a non-native cryptocurrency, whose issue and redeem is handled by the pTokens technology. For example, a pToken on Ethereum is an Ethereum.
ERC-20 token pegged one-to-one to a non-Ethereum based cryptocurrency. For demonstration purposes in this paper, the host blockchain used will be Ethereum and the non-Ethereum cryptocurrency used will be EOS. The resulting pToken is called pEOS-on-ETH, which for simplicity will be referred to as pEOS when the Host blockchain results obvious.
Secure
The pNetwork is secured by Multi Party Computations and Trusted Computing, a combination which makes attacks both expensive and impractical.
Scalable
The pNetwork is designed to handle as many bridges as deemed necessary so that any useful connection across blockchains can come to life.
Transparent
Anyone can become a pNetwork validator and see exactly how collateral is managed and transactions are processed.
