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What is Persistence
What is Persistence?
Persistence is protocol that is built specifically for Decentralized Institutional Finance Applications. The architecture has three different layers to aid developers in creating solutions to traditional financial hurdles. Persistence aims to have a layer of decentralized financial applications with a level of interoperability that will allow for seamless transfers of value across borders, solving what they see as a lack of infrastructure, lack of transparency, and lack of financial freedom.
Three main benefits of Persistence:
- $161 billions PoS market cap
- $108 billions staked assets value
- $400 billions addressable market
The Persistence ecosystem maximizes capital efficiency by combining staking and DeFi. In addition, the company has its own staking protocol, pSTAKE. It is a liquid staking protocol that reveals the liquidity of staking assets. PoS token stakers can now stake their assets while maintaining the liquidity of those assets.
The ecosystem is also unified by a single token, $XPRT, which provides an efficient way to build an economy around Proof of Stake assets.
Cosmos is a decentralized network of independent, parallel blockchains that can scale and interoperate with each other. The Cosmos network is powered by a decentralized network of validators that run the Cosmos software and maintain the integrity of the network by reaching a consensus on the order and validity of transactions.
One of the main goals of Cosmos is to enable the interoperability of different blockchains, which means allowing them to exchange information and assets with each other.
In addition to these features, the Cosmos network also includes a number of tools and technologies designed to make it easier for developers to build and deploy decentralized applications (dApps) on the platform.