t3rn: Abbreviated Introduction
At the moment, blockchains operate in silos, meaning they cannot interact with one another. This limitation is one of the main hurdles to making blockchain technology genuinely viable for mainstream adoption. Another problem is that developers are not fairly rewarded in the open-source development model.
t3rn can act as a bridge between two independent blockchains and allow chains of executions across multiple blockchains. Developers that offer smart contracts to the open-source repository can choose to get remunerated whenever their code is executed, which, according to the project, provides a new vision of open-source development in which developers are adequately rewarded.
t3rn will operate as a Parachain on the Polkadot network and plans to implement a hybrid consensus model, which would merge elements of Proof-of-Work and Proof-of-Stake.
TRN is the native utility token of t3rn.
The information indicates that t3rn is located in Berlin, Germany, potentially Europe’s blockchain capital.
The core team has a strong technical and blockchain-focused background. Several investors are also backing t3rn, and a partnership has been established with Composable Finance, a cross-chain DeFi platform.
As of now, t3rn runs on Testnet. Multiple features are still in the planning and R&D stages. A definitive date for the mainnet launch is yet to be announced.
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