Anonymous Blockchain Project PTB Attempts to Solve DeFi Scalability

PTB, a self-described “anonymous public blockchain project that supports the large-scale, real-time settlement of cryptocurrency payment systems” has just launched an upgrade to its mainnet, according to a press release from the group.

The goal, of course, is to scale the decentralized finance market, which is growing slowly over time, recently hitting $5 billion up from $1.3 billion, the release continues.

That, and the biggest platform for DeFi at the time, Ethereum, suffers from congestion constantly. PTB is to present a solution to this issue, and has been doing so since 2018.

The release continues, describing PTB:

“The PTB community has been operating in a decentralized fashion for nearly a year. PTB is now ready to expand to the global market to increase its users globally, and expand the user base of the decentralized applications (Dapps) within its ecosystem. PTB is confident to achieve a more scalable DeFi ecosystem together with its global users and to ultimately realize its vision of the prosperity of the DeFi business.”