PNP16 PROTOCOL

The Protocol for Building on Pecu Novus

| What is the PNP16 protocol?

The PNP16 protocol was developed in order to bring forward a set of standards and provide a guideline for building on the Pecu Novus Blockchain Network, token creation and integration of proprietary security protocols for applications to be built on the network.
PNP16 tokens can represent a number of different things on the network such as:
  • Financial assets for a company or project, basically representing ownership or stake in a company or project.
  • Gaming tools such as points earned in a game, character skillsets, rewards
  • Physical commodities such as gold, silver, platinum, agriproducts, coffee, oil, other metals etc, representing ownership or stake of a verified physical asset.
  • Fractional real property assets and much more.
The PNP16 standard also brings with it a set of proprietary security protocols that protect users. PNP16 tokens that are created on the Pecu Novus Blockchain create a single instance on the mainnet with its specific parameters via a smart contract.
Once created every transfer is recorded on the mainnet then it will be publicly viewable on the public ledger and on Pecuscan.  Each token has the ability to show their specific transactions on a layer-2 blockchain specifically for that token while still having all transactions register on the mainnet.

| Pecu Smart Contracts

Pecu Smart Contracts work in a similar fashion as other blockchain infrastructure networks work, with a big difference.
The user interface is simple to use, there is no coding needed in order to issue a smart contract. This is able to be done via the MVault that has been integrated into the Pecu Terminal and Walllet, it provides a very simple to use user interface where any network member can simply enter the details of the agreement and actions. The system handles everything on the backend autonomously which registers on the Pecu Novus Blockchain.
The user interface will carry everything from very simple smart contracts to complex ones , using both a simple user interface and a code interface that will be integrated shortly.
The integration of the MVault in the Pecu Terminal is significant as it not only allows for the safekeeping of various digital assets it also is the engine that makes smart contract writing very simple for network members. It also brings with it the future integration of e-signatures, adding the element of digital versions of physical contracts.
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