pNetwork v3 introduces an optimistic approach with multi-provers for its architecture. It features a *Relayer* who proposes the issuance or redemption of a pToken. This proposal undergoes a challenge period for legitimacy verification, optimistically reflecting the user's swap request. If found illegitimate, the proposal can be cancelled after this period by actors known as Sentinels and Guardians.
Being fully decentralized, pNetwork v3 is not subject to MICA regulation, avoiding KYC and AML requirements and enhancing user experience. Despite its decentralization, pNetwork actively seeks methods to prevent its use for illegal activities or with illicit funds.