Pastel Price

Pastel Network (PSL) is a decentralized, developer-friendly layer-1 blockchain on Ethereum, serving as the preeminent protocol standard for non-fungible tokens ("NFTs") and Web3 technology.

Pastel infrastructure enables existing layer-1 blockchains, decentralized applications, or third-party enterprises to protect creators and collectors. From digital collectibles & media to documents & applications, users and developers are able to certify asset rareness and truly store data forever. Lightweight protocols delivered by interoperable open APIs such as Sense and Cascade can be easily integrated across existing networks. A wide range of Web3 applications can be built directly on the Pastel Network, enabling developers to enjoy the scalable registration features, storage processes, and security of the broader ecosystem. 

It has the following features:

• Application Specific Layer-1 Blockchain 

Purpose-built to securely handle all mission critical use-cases pertaining to the NFT and Web3 ecosystem. 

• Entirely Permissionless 

An open network of peer-to-peer nodes, available to everyone to participate in the consensus process that the Pastel Network uses to validate transactions and data. 

• Negligible Fees

Dynamic fee function supports negligible transaction fees for on and off-chain requests, reducing friction from traditional general-purpose layer-1s. 

• Reliable Storage

Highly redundant, distributed system achieves permanent storage. Pay once, store forever. 

• Cross-Chain Interoperability

Natively integrate Open-API standards and trustlessly bridge assets cross-chain.

• Secure Foundation

Multi-Layer architecture developed to achieve maximum network security.