PAID Network recently released an update on their latest developments. The update shows the progress made by the PAID team and their current projects.
It covers PAID Network support for Binance Smart Chain, new features on the dApp, and other future plans.
PAID dApp Offers Support for Binance Smart Chain
Over the past weeks, Binance Smart Chain has risen to recognition. Though the PAID dApp is being built on Ethereum and Polkadot, PAID is committed to offering support for multiple protocols. As a result, the PAID dApp has started offering support to Binance Smart Chain.
Furthermore, the PAID team also completed the creation of the PAID MVP dApp on the Binance protocol. As a result, any user of Binance Smart Chain can leverage SMART Agreements through PAID Network just as users on Ethereum can.
Even as the PAID MVP has been ported to Binance Protocol, new features have also been added. One of the additional features is an improvement of decentralized peer-to-peer communication. This will ensure easy and direct communication between PAID members. As a result of this feature, user wallets will be able to communicate autonomously with one another.
Introducing Decentralized Identities on the PAID Network dApp
The PAID team is working towards adding decentralized identities on the PAID Network dApp. This will enable interaction between the PAID dApp and its users without using login details. Every user will be entitled to a decentralized profile which will be attached to their wallet. With this in place, there will be no need for them to input login details. The team hopes to complete this feature by Q2.
PAID aims at building the first borderless SMART Agreement dApp in the world which will be available for all businesses. PAID’s goal is to meet the specific demand of the market for a decentralized legal toolset. This toolset will help users to enforce, sign, and create legal contracts. All activities by the PAID Network team are geared towards fulfilling this goal.
As a result, PAID Network is currently working on expanding its dApp. The team is currently porting the dApp to Polkadot, alongside other new systems and protocols. Plans are also in place to make the dApp available on both iOS and Android devices. The team hopes to complete this integration by the second quarter of 2021. By the third quarter, the PAID team hopes to deliver the v1.0 of PAID Network on Polkadot.
Before now, PAID Network announced its strategic partnership with Razor Network, a swift, trusted, and decentralized oracle network. With this partnership, Razor Network plans to leverage the PAID Network.
As of the time of writing, PAID Network price was $2.53, with a 24-hour trading volume of $5,149,187. PAID price dropped by 1.2% over the last 24 hours. Besides, it has a circulating supply of 20.4 million PAID coins and a max supply of 594.7 million. Uniswap (v2) is also the current most active market trading PAID.
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