What Is the Pastel Network?
The Pastel network (Pastel, for short) is a blockchain-powered platform for artists and collectors to publish and purchase digital art. The platform turns digital works into non-fungible tokens so that you can freely trade them without the need for an intermediary.
Tokenizing digital assets has a few benefits. Besides lowing their trading fees, it gives them proven authenticity, a reliable provenance, and a censorship-free publication avenue. Let’s learn how Pastel is utilizing blockchain to bring these benefits to fruition.
In this Pastel guide, we’ll look at:
Editor’s Note: CoinCentral has an established relationship and strategic partnership with the Pastel team. All content in this article is objective and non-promotional.
How Does the Pastel Network Work?
Interestingly, Pastel draws architecture inspiration from several different cryptocurrency projects.
The team built the network on top of ZCash, a fork of Bitcoin. Therefore, it uses the EquiHash hashing algorithm, produces new…