Each sub-chain in Paralism’s parallel chain can customize its own consensus mechanism (PoW, PoS, PBFT), chain type (private chain, consortium chain, public chain), and data type (support both structured and unstructured data), and also support chain cross interactions, meeting various application scenarios. This truly achieves flexibility, independence, and interconnectivity. Continue reading Get this, the Customizable Sub-chain and Local Consensus of Paralism
Let’s talk about dynamic sharding today! It may be the best solution for scaling up single sequential chains. Bitcoin, Ethereum, and other mainstream public chains all have actively explored sharding solutions to improve their performance. However, the industry has yet to come up with an effective solution. In Paralism’s parallel chain, dynamic sharding is a natural and automatic process within the parallel chain structure. It triggers automatically and generates a global consensus during the hyperblock phase of adding new sub-chains after sharding. The whole process is smooth and efficient, saving both time and effort. Continue reading Sharding, Only Possible in Parallel Blockchain
Traditional proof-of-work (PoW), proof-of-stake (PoS), and other classical algorithms require a fierce competition to determine who gets to be the final ledger writer. PoW competes on computing power, PoS competes on the amount of money one has, and PBFT has high communication complexity and only applies to consortium chains and private chains.
Is there a solution that can ensure efficiency while avoiding this pointless competition? This is where Paralism Buddy algorithm comes in. The Buddy algorithm allows nodes that are related to business to form partnerships, confirm with each other, and generate consensus by finding the greatest common denominator. Ultimately, during the hyperblock stage, an overall consensus is formed, ensuring both efficiency and fairness in the whole process. Continue reading Buddy Consensus-Form a global consensus
By decoupling the chain layer and application layer, Paralism can support unstructured data and meet the diverse requirements for data formats in real-world business scenarios. This enables Paralism to expand the application of blockchain technology to a wider range of business scenarios and promote its vertical development. Continue reading Decoupling transaction data and Chain layer consensus–Paralism’s Special Move!
Compared to single sequential chains, parallel chains offer significantly improved performance, dynamic sharding, infinity scalability, cross-chain interoperability, and high compatibility with various business requirements.
However, achieving parallel processing of multiple sub-chains while maintaining a consistent timeframe across all chains is not an easy task. Paralism solves this problem by using a Hyperblock structure. So, what is a Hyperblock? Let’s start from the beginning. Continue reading Paranut tells you: Why is the blockchain going to parallel?
Last year, the centralized exchanges set its foot on the infrastructure road. In less than a year, Binance , OKex and Houbi which recently joined stirred up the trend of exchange’s public blockchain ! The fire of the public chain of the exchange is getting more and more wild. Is this going to crack the future of decentralized trading based on the exchanges’ public blockchain ?
Continue reading Paralism provides a natural place for Dex outbreaks
Hello everyone, I am paranut. You can also call me para or nutty. As the spokenut for Paralism, the first ever parallel chain in the galaxy, please allow me to give a like to Paralism for an opening.
So today, let’s first talk about what parallel chains are and why they emerged. Can they solve the long-debated issues of scalability and cross-chain interoperability since the birth of blockchain technology? Continue reading Paralism : Blockchain needs to be developed in parallel
Paralism has solved the long-standing problem of time consistency in the industry through the Proof of Buddy (PoB) consensus algorithm. In addition, with its Hyperblock structure, Paralism allows each parallel sub-chain to have unlimited scalability and cross-chain functionality, while also providing stability similar to running on a Bitcoin public chain. Continue reading How is Data Consistency Important to Parallel Blockchain？
Stable coin has become one of the important application areas of blockchain.
The first application of blockchain technology is about cryptocurrency, and the background of stable currency is that cryptocurrency price fluctuations are huge, and a cryptocurrency with stable value is needed as an bridge to connect cryptocurrency and fiat currency. In 2014, the stable coin originator USDT was launched by Tether, the parent company formed cryptocurrency exchange Bitfinex, which opened the stable currency market ever since. In addition, the stable currency can effectively eliminate the risk of price volatility, as a payment tool, it can provide faster transfer efficiency and better user experience than the bank, and can eliminate credit card fees…
Continue reading How Parallel Stable Coin Ecology Can Bring us “Stable Happiness”?
ERC20 token nurtures all kinds of ICO. It is in nature a smart contract based on Ethereum. Specifying the total amount of tokens and number of tokens in certain address and tracking the change of the number of tokens in each account during the transaction.
Continue reading The Differences between Paralism’s self-coinage and ERC20 token
