pTokens has integrated any.sender
pTokens has integrated any.sender
Defi

pTokens has integrated any.sender

By Marco Cavicchioli - 3 Jul 2020

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pTokens has announced that it has integrated any.sender.

It is a solution that guarantees that peg-in transactions are processed faster and with lower fees, regardless of network conditions.

In fact, any.sender allows outsourcing the transaction infrastructure, even to non-custodial tools, thus relieving users of the task of setting the gas for transactions. 

The price of gas can sometimes be a problem because, if set too low, it prevents the rapid execution of the transaction, and at certain times can delay the execution by several minutes, hours or even days. This negatively affects the user experience in particular within the DeFi ecosystem based on Ethereum.

For this reason, the research and development company anydot.dev has developed the any.sender solution, which allows the user to retain full control of the funds, but at the same time to use software as external services. 

Congestion on the Ethereum network actually shows a positive growth trend but has negative consequences both on usage costs and user experience. For example, in recent months the average price of gas has reached 30 Gwei, with a peak of almost 50 Gwei in May (1 Gwei = 0.000000001 ETH). 

In these cases, users either agree to pay high commissions on transactions, or accept a delay in their confirmation. 

For example, in the case of dApps that require a lot of fast transactions, such as gaming, this problem is far from irrelevant. 

any.sender handles this issue on behalf of users, so they no longer have to worry about gas. 

It works in a similar way to a proxy bidder, sending commission offers to the market on behalf of users, and then trying to get the best price for them.

In short, it is a system for delegating a complex activity in order to keep the service available to users as seamless as possible, without compromising their security. 

Therefore the integration of this service facilitates the minting, issuing and transactions of pTokens.

In addition, thanks to the secure and transparent infrastructure of any.sender, the pTokens system becomes more resistant to congestion, so that their minting can be reliably confirmed on the target blockchain.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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