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Paralism has solved the long-standing problem of\u00a0<\/span>time consistency\u00a0in 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\u00a0Bitcoin public chain.<\/p>\n <\/p>\n Produce by Paralism\uff08www.paralism.com)<\/strong><\/p>\n Support\u00a0by hyperchain.net<\/strong><\/p>\n Official website\uff1a www.paralism.com<\/strong><\/p>\n Add Paranut Wechat and join our Wechat group<\/strong><\/p>\n The text is for your reference:<\/p>\n System-level decentralization–Real ambition of Parallel Blockchain <\/strong><\/p>\n As one of the crucial features of the blockchain<\/p>\n \u201cDecentralization\u201dis being marginalized<\/p>\n 1<\/p>\n For performance \u00a0For convenience<\/p>\n Exchanges use various transaction pairs with a centralized system<\/p>\n \u00a0All public chains in order to satisfy everyone’s fantasy of TPS<\/p>\n Use PoS, dPoS, DAG, etc. To replace traditional PoW<\/p>\n Even Vitalik Buterin ( The founder of ETH ) Don’t hesitate to work for PoS team<\/p>\n 2<\/p>\n Is decentralization really not worth to be cherished?<\/p>\n 3<\/p>\n Honestly,<\/p>\n For the consortium chain that focuses on solving business problems<\/p>\n For an interest-oriented exchange<\/p>\n For XX chain which values fame more than dream<\/p>\n Decentralization may not really matter<\/p>\n But for<\/p>\n The parallel blockchain of Paralism<\/p>\n Which is committed to building a global value network<\/p>\n Decentralization is utterly important\u00a0<\/strong>\u00a0<\/strong><\/p>\n 4<\/p>\n About the reason why decentralization is so important.<\/p>\n Basically the first point is well known<\/p>\n Safety<\/p>\n Value network<\/p>\n If huge value concentrate in<\/p>\n \u00a0The hands of one or several nodes<\/p>\n That will be the target of many hackers\u2019 life-driven goals.<\/p>\n For safety, it must be decentralized<\/p>\n 5<\/p>\n More importantly,<\/p>\n Decentralization is actually the fundamental factor for scalability<\/p>\n The boundaries of rights and the boundaries of networks are always negatively correlated<\/p>\n To build a Limitless value internet<\/p>\n If there is a privileged node in this network<\/p>\n Siphon effect<\/p>\n The privileged will restrain the access to the network<\/p>\n Thus severely limit<\/p>\n Scalability<\/p>\n 6<\/p>\n \u00a0 To achieve peer-to-peer value transfer<\/p>\n And to build a global internet of value<\/p>\n Decentralization is needed without doubt<\/p>\n However, humans have millions of years\u2019<\/p>\n History of “Game of Thrones”<\/p>\n Blockchain using the code to achieve decentralization is not that easy!<\/p>\n 7<\/p>\n The Old-fashioned chain-Pow, its mining model What they participate is essentially a fight<\/p>\n With the risk of 51% power attack<\/p>\n PoS, proof of stake<\/p>\n Publicly excluding the poor and decentralization<\/p>\n PBFT , sacrificing decentralization for performance<\/p>\n How does Paralism solve problem of decentralization?<\/p>\n 8<\/strong><\/p>\n Let\u2019s go back to Based on the principle of peer-to-peer mutual authentication of Paxos algorithm<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 It is the crucial design of decentralization\u00a0<\/strong><\/p>\n 9<\/p>\n Traditional algorithm-Proof of X<\/p>\n Basically all involve the competition for ledger writing rights<\/p>\n And only one node can finally write the book.<\/p>\n No matter how fair the mechanism of the previous competition<\/p>\n As long as there is competition, there will be weak and strong. Ie. The risk of centralization<\/p>\n 10<\/p>\n However the Buddy algorithm itself<\/p>\n No need to fight for ledger writing rights<\/p>\n When there is a demand for register on-chain<\/p>\n \u00a0Will carry out reciprocal inter-attestation between nodes with the same requirements<\/p>\n And then form the consensus<\/p>\n During this process<\/p>\n No matter it is local consensus or global consensus<\/p>\n All nodes can be participate in the consensus process<\/p>\n And the status is completely equal<\/p>\n No need for “fight” to avoid vicious competition<\/p>\n 11<\/p>\n If the traditional blockchain uses “King’s Consensus”<\/p>\n \u00a0Then Parallel blockchain uses “Democracy consensus”<\/p>\n \u00a0To achieve the complete decentralization<\/p>\n Paralism carries the future of Value Network 12<\/p>\n See you next time !<\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"http:\/\/www.paralism.com\/blog\/wp-content\/uploads\/2019\/07\/1-8.jpg\")
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\nConsortium chain chose local decentralization requiring permission<\/p>\n
\nIn order to get rid of the big miners<\/p>\n
\nAlthough nodes can participate fairly<\/p>\n
\nThe System- level Buddy consensus<\/p>\n
\nThus there is a risk of creating privileged nodes<\/p>\n
\nwww.paralism.com<\/p>\n