Exploring Pastel Network’s Key Features
Currently boasting a number of features that are redefining the NFT ecosystem, Pastel Network has established itself as a revolutionary force in the NFT space. Pastel Network has become the go-to blockchain for digital artists and creators because of its strong emphasis on security, decentralization, and improving user experiences.
In this article, we’ll delve into Pastel’s key features and explore how it’s contributing towards reshaping the digital art industry.
Multi-Layer Structure
At its core, Pastel Network boasts a multi-layer structure that forms the foundation of its operations. The Pastel Chain, a layer-1 blockchain, is the bedrock of the network, ensuring top-tier security, reliability, and decentralization. Leveraging advanced cryptographic techniques like zero-knowledge proofs (zk-SNARKs), Pastel Network guarantees secure transactions that are transparently validated by the network.
Smart-Ticket System
To streamline data storage and retrieval on the blockchain, Pastel Network employs an adaptable Smart-Ticket System. This system utilizes a series of high-level tickets to record NFT-related information on the network. This simplifies interactions with NFT data, making it effortless for users to manage and transfer their digital assets.
SuperNodes: The Backbone of Pastel
SuperNodes play a pivotal role in Pastel Network, serving as its backbone. These high-powered instances are seamlessly integrated with the Pastel Chain, ensuring scalability and robust governance. SuperNodes are responsible for validating NFT transactions, performing various crucial functions, and overseeing the broader network, ensuring its smooth operation and growth.
Sense Protocol: Unveiling NFT Rarity
One of Pastel Network’s most innovative features is the Sense Protocol, an intelligent system for detecting near-duplicate NFTs. Powered by SuperNodes, this lightweight protocol employs deep learning models to generate unique “NFT fingerprint vectors” for each digital asset. These vectors are then used to calculate a “Relative Rareness Score,” providing insight into an NFT’s rarity, ranging from 0% (identical to an existing NFT) to 100% (completely unique). This feature empowers users to easily assess the uniqueness and value of their NFTs.
Cascade Protocol: Secure Data Storage
Pastel Network relies on the Cascade Protocol for secure and efficient NFT metadata storage. Managed by SuperNodes, this storage layer uses the RaptorQ fountain code algorithm to break metadata into redundant chunks. These chunks are distributed across participating SuperNodes using the Kademlia DHT algorithm, ensuring data redundancy and resilience. This decentralized approach eliminates the need for complex central systems and guarantees seamless data management as SuperNodes join or leave the network.
Final Thoughts
Pastel Network’s key features represent a quantum leap in the NFT ecosystem. From its secure Pastel Chain and efficient Smart-Ticket System to the groundbreaking Sense and Cascade Protocols, Pastel is driving innovation that benefits both NFT creators and collectors. As the world of cryptocurrencies and NFTs continues to evolve, Pastel Network stands as a shining example of progress and a testament to the endless possibilities of blockchain technology.
