The Pontem network is Polkadot based, so it's built on Substrate framework and has connection to Relay Chain via Parachain.
Substrate is a library of pre-built modules (called pallets) which allows anyone to build their own custom blockchain. Substrate's goal is to abstract away code-complexity by making available modular components which developers can use to build their custom blockchain.
When the Polkadot team began building at Parity, they realized that they were repeating a lot of development that had already been done for the Ethereum and Bitcoin clients, such as writing RPC and database components. Even the most specialized blockchains have many attributes in common: a hashing algorithm, a database, networking, etc.
In order to efficiently build many different blockchains, Parity developers put all the functionalities needed to build a blockchain into a framework called Substrate.
The idea was to take everything learned building Ethereum and Bitcoin implementations and make creating a blockchain as easy and flexible as possible. Substrate was created in a modular way to give technical freedom but also make functionalities like accounts, balances, governance, and smart contracts as easy as plugging in a library.
Substrate’s multilayered architecture lets developers choose between ease of development and technical freedom.
The Pontem network architecture combines several components to become a unique toolset to create, crowdsale and manage your blockchain projects, include DeFi ones.
To utilize the Pontem network the following components must first be implemented or already implemented:
The current Pontem node implementation is a Parachain that requires connection to the Relay Chain to function normally. It is required as we want to have the Move VM pallet working, and No-Code tools working on top of Move language secured by Polkadot/Kusama validators and at the same time allowing our community to become Collators: earn rewards and produce new proof states for Relay Chain.
Collators collecting parachain transactions and producing state proofs for Relay Chain validators. Collators rewarded in PONT tokens for running the Pontem network parachain.
We are currently in progress with implementation integration of the official Governance Pallet.