What is Entangle Network?

Entangle is an extensible messaging system built on top of blockchain technology that enables cross-blockchain communication. It makes use of a collection of unified tools and protocols to facilitate the transfer of assets and data between various blockchain kinds.

British banker Faisal Mehrban founded Entangle in 2021. Mehrban found that the adoption of web3 was being hampered by a lack of interoperability while working as a digital assets consultant. Since they believed they had to learn a new system for every activity, many customers were reluctant to investigate the DeFi space. The project has raised over $4 million in two funding rounds.

With more interoperable data, Entangle hopes to empower developers. Generally, DApp developers have to select a blockchain and work with it exclusively when creating their system. Entangle, on the other hand, gives developers greater control over things like sticky liquidity and off-chain entities. Additionally, programmers may quickly switch between blockchains, selecting the optimal one for each unique section of their application. Entangle's whole range of bespoke oracles manages all the information transfer aspects automatically, in contrast to traditional oracle systems.

Entangle hopes that in the long term, its cross-chain operations technology will make the DeFi landscape more approachable. People will be able to concentrate more on the product and less on the blockchain that powers the system if genuine interoperability is achieved. The Entangle framework's architecture for support may make it more simpler for users to investigate the web3 cosmos and increase capital efficiency.

How Entangle Works:

~ One DApp sends a request to a group of transmitters on the Photon Messaging Protocol layer when a user starts a transaction on that DApp.

~ This request is forwarded to Entangle's controller smart contracts via the transmitters.

~ Consensus processes at Entangle confirm the cross-chain transaction.

~ The request is sent to a conductor agent via Entagle's blockchain upon verification by the consensus process.

~ The data is sent to the circuit smart contracts on the selected DApp or blockchain by the conductor agent.

~ The necessary actions are carried out and the transaction is completed by the destination DApp or blockchain.

Features of Entangle Network

Universal data feeds
Liquid vaults
Custome price feeds
Photon messaging protocol

Tokenomics

Entangle Network’s native token is $NGL which will be used to fund the company's initiative and manage transactions on its blockchain. The tokens will be distributed as follows, with a maximum supply of 1 billion and an initial circulating supply of 18.55 million:

Community & Liquidity: 41%

Strategic investors: 27.95%

Foundation: 15%

Ecosystem: 12.8%

Public sale: 3.25%