What a year! 2020 came to a close, and a new year seamlessly followed. Everyone around the world had one obstacle or another to face during the hectic 2020 year, and PAC Global Holdings LLC was not immune to this struggle. Some of our development, marketing, and overall objectives had to be altered, delayed, or achieved in different ways then we originally anticipated. However, I could not be more proud of the strength and resilience my team and the fellow community members presented through it all. The PAC Global Network has grown to a robust 13,345 Decentralized Masternodes, in which 11,845 are currently active (88.76%,https://masternodes.online/currencies/PAC/). This Amounts to 6,672,500,000 coins that are in a collateral state available/actively connected to the PAC Global Masternode Network. 51.88% of the entire PAC supply is contributing to the PAC Global Network, the resources that make it possible to build decentralized products for real use case.
When I first introduced IPFS as a possible network layer for products that would require storage space and scalability, we immediately recognized that the scaling capabilities of the PAC Global network proved reliable and large enough to actually see a brand new door with massive potential. The Yan Network is proof of that, even in the early stages. Over 3500 PAC Global Masternodes have installed the IPFS Network layer we have developed, and this continues to grow. This attaches all of the servers already connecting the PAC Global Network together, creating a web of storage space accessible in a decentralized manner. This storage space would not be stored on the PAC Global Blockchain, but rather it uses the architectural structure of thousands of individuals servers to create a large and scalable decentralized storage network using IPFS technology - the Yan Network.
Our partnerships with TRON, Digibyte, and Radiologex were the first of what is to come. TRON and Digibyte both found value in the fact they could grow their already extensive networks even more by the PAC Global Network supporting their products, such as DigiAsset and BitTorrent. Radiologex, in a similar fashion, discovered the limitless capabilities of a decentralized storage system that grows with network support and resources dedicated. This is very valuable for an industry such as the medical field, where data and storage needs are endless.
Our goals remain the same as well for community/user driven products. Decentralized storage should be in the hands of the people, and this is something we strive to deliver. You should have the ability to store and save your own data without relying on third party companies. You should be able to see in real-time the value that your own personal data holds. There is a reason your data is collected by third parties and sold for millions of dollars. This is all information, and $$ you should be in full control of in my opinion. YanDNA is our vision to provide all of this. A platform built entirely for you, the ability to securely store data and request additional storage space directly from the network itself, not a centralized faceless server farm. Adoption and drive for PAC Global is closely tied to the needs of data storage and data security, both private and public.
I wish you all success this year, and with PAC Global I know that goes hand in hand!
To the Community,
CEO of PAC Global Holdings LLC
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures that PAC Global may file from time to time. Forward-looking statements speak only as of the date of the document in which they are contained, and PAC Global does not undertake any duty to update any forward-looking statements except as may be required by law.