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Plena Set To Launch on Avalanche

September 9, 2023

Plena Set To Launch on Avalanche

🤝Plena Partners With @avalancheavax 🎇Hi guys!, we're pleased to announce that Plena has entered an integration with one of the biggest and best blockchains in the industry, @avalancheavax


Plena Set To Launch on Avalanche

10 min read

September 9, 2023

We are thrilled to announce our latest integration with Avalanche. With this collaboration, Plena Finance will be launching our product (the Plena Finance mobile application) on the Avalanche blockchain. We’re looking forward to taking advantage of Avalanche’s blazingly fast, low cost and eco-friendly blockchain.

With this strategic integration with Avalanche, we are aiming to offer the best Web 3.0 and DeFi solutions and tools on our application on a blockchain that allows you to carry out transactions with ease, speed and general comfortability. We plan to launch our product on some of the best blockchains available and this is why along with launching on the Polygon and Binance Smart Chain (BSC), we’re adding the Avalanche chain to give users a plethora of options to choose from.

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in an interoperable and highly scalable ecosystem. The Avalanche chain is the world’s first decentralized smart contracts platform that is built to comfortably carry the scale of global finance, with near-instant transaction finality. Because Solidity works out-of-the-box, Ethereum developers can quickly build on Avalanche.

One key difference between Avalanche and other decentralized networks is its consensus protocol. There has been the false notion over time that blockchains have to be slow and not scalable but this doesn’t have to be the reality (actually isn’t the reality). The Avalanche protocol employs a novel approach to a consensus to achieve its strong safety guarantees, quick finality, and high throughput without compromising its tenet of decentralization.

Speaking about the integration with Avalanche, Plena Finance’s CEO Sparsh Jhamb said:

“One thing that stands out for me with the Avalanche chain, is the time it takes to consider a transaction final. Unlike other blockchains which take between 50 secs to 60 minutes to confirm a transaction on the blockchain, Avalanche takes less than 3 seconds to do that. This is one of the reasons why we at Plena Finance are very bullish on this integration.

While we continue to build the best Web 3.0 and DeFi solutions out there, we’ve set speed, low cost and eco-friendliness as must-haves and there aren’t many blockchains that check these boxes better than Avalanche does”.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today.

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About Plena

Plena is a mobile-first application that provides comprehensive Web 3.0 and DeFi (including NFT and Metaverse) services. This is a private, gasless and interoperable application that is compatible with both iOS and android devices.

The Plena team is a family of passionate and hardworking Web3 enthusiasts working towards a common goal of making Web3 products accessible, simple, and rewarding for the masses with a robust and comprehensive ecosystem.

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