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Pontem Network Achieves Milestone #1 Of Parity’s Substrate Builder’s Grant Program

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Pontem, a permissionless and free experimental community for Diem, is glad to announce its now a part of Polkadot’s Substrate Builder’s program.

As per the announcement, Pontem is now among the many 50 initiatives which were accepted into the Substrate Builder Program.

The Substrate Builders Program, sponsored by Parity, has been basic in providing direct assist to initiatives connecting them with Parity’s in depth assets. The undertaking identifies, helps, and mentors present and potential Substrate-related initiatives. The program seeks to permit the undertaking proprietor to take their initiatives to the following stage. Notably, this system is divided into three tracks; chain monitor, Infrastructure monitor, and Application monitor.

Notably, it has been three months because the launch of the Pontem undertaking, making this a major milestone for the undertaking. During this era, Pontem launched their Parachain, a Relay Chain, adopted the Diem Standard Library, applied the collator staking, applied alpha for bridge, and launched a bootstrap docker composed for validators. In addition, the undertaking was ready to replace its ecosystem to the newest model of Move MV, which incorporates VM WASM, pallet, and plenty of different instruments.

Being accepted as a part of this system is the primary milestone for Pontem, who’ve set out to guarantee Diem interoperability with decentralized purposes occurs cost-effectively. Pontem was created to bridge the hole between permissioned and public blockchain ecosystems, permitting information alternate between the 2 metaverses. The undertaking allows product testing in an internationally regulated market by a compliance tooling dev platform to streamline Diem Association certification processes.

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Pontem explains in their whitepaper:

‘We believe that by doing this, projects can align their apps to the Diem architecture and technology stack even before the official launch. It will also speed up go-to-market by facilitating the onboarding process into the Diem ecosystem to access Facebook’s 2.8 billion+ customers.’

The undertaking has already hit the bottom operating on some facets like treasury system, governance, and xcmp. Being added to the listing will make sure the undertaking completes its future phases. Pontem guarantees to create a set of instruments that can resolve the event challenges of constructing on Diem. Some of the instruments communities needs to be looking out for embody launching a product team-building app that can permit individuals to experiment and take a look at merchandise. Pontem additionally plans to create a compliance framework to validate concepts earlier than they are submitted to the Diem Association.

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