Pastel (PSL)

Pastel (PSL) is a next-generation blockchain designed to create a better world for NFT creators, collectors, and builders. It is a purpose-built, fully decentralized layer-1 blockchain, setting the standard for NFTs and Web3 technology. With certifiable authenticity and permanent storage, Pastel offers a secure and scalable Web3 ecosystem.

Pastel features a dynamic fee function that supports negligible transaction fees for on and off-chain requests, reducing friction from alternative general-purpose layer-1 blockchains. It also utilizes its leading near-duplicate NFT detection technology to prevent counterfeiting and protect intellectual property while certifying the rareness of NFTs. The blockchain’s highly redundant distributed storage system ensures reliable storage of NFT data, with a one-time payment for permanent preservation.

Being entirely permissionless, Pastel operates as an open network of peer-to-peer nodes, enabling anyone to participate in the consensus process and validate transactions and data. The blockchain prioritizes security, leveraging advanced consensus mechanisms, cryptography techniques, and industry standards. With global integration and a focus on democratization, Pastel allows builders to develop marketplaces and applications directly on the blockchain using well-documented APIs and gRPC functionality.