Peer To Peer Network (OTC:PTOP) Stock Takes a Hit: Here is Why

Digital transactions are the future and companies involved in the sector are only going to get more interest from investors in the coming years. One of the companies in the sector which could be worth tracking is Peer To Peer Network (OTC:PTOP) and especially so after the announcement made by the company on Thursday.

The company announced yesterday that it had completed its advanced Smart Contracts platform, which was a major milestone and constituted a leap forward in the world of digital transactions. In the news release, it was announced that the development would result in a major advancement in the field of blockchain technology and decentralized finance. Smart Contracts which are backed up by advanced blockchain technology changed the face of regular agreements through the execution of pre-defined actions automatically following the meeting of the stipulated conditions. Such a state of affairs lead to the elimination of intermediaries in the whole thing and also lead to higher levels of efficiency in addition to security.

The tech team leader at Peer To Peer Network, Nicholis Santana, spoke about the development as well. He noted that the team at Peer To Peer Network had worked endless hours in order to make the Smart Contracts platform perfect and there was widespread pride about the fact that it had been launched. He went on to note that the milestone was also a demonstration of the innovation, collaboration and the commitment of the company to provide businesses as well as individuals with the power of smooth and trustless transactions.

It should be noted that Smart Contracts provide a wide range of benefits to those who use it. Since it uses the immutable ledge of blockchain and cryptographic security, the levels of security and transparency are considerable. It provides a significant improvement on the traditional contracts.