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Summary of ParallelChain
Key Points
- ParallelChain Mainnet is a Proof-of-Stake layer-1 project for interoperability between public and private blockchains.
- Dual-blockchain ecosystem with ParallelChain Mainnet (open-source) and ParallelChain Enterprise (permissioned).
- XPLL is the native utility token with a supply of 125 million coins minted at genesis.
Tools and Features
- ParallelWallet mobile app for user experiences and asset storage/transfer.
- ParallelChain Explorer for transaction status and analytics.
- ParallelChain light client for testnet interaction.
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Introducing ParallelChain: Pioneering the Future of Blockchain
Introducing ParallelChain Mainnet: A Revolutionary Blockchain Ecosystem
ParallelChain Mainnet is a groundbreaking Proof-of-Stake layer-1 project that trailblazes native interoperability between public and private blockchains, with the ambitious goal of creating a unified super-ecosystem of universal smart contracts that seamlessly bridge the infrastructure divide between traditional centralised finance and decentralized finance.
Unveiling the Concept of Dual-Blockchain Technology
ParallelChain is a pioneering dual-blockchain ecosystem, driven by two layer-1 distributed ledgers: ParallelChain Mainnet and ParallelChain Enterprise – conceived and developed by ParallelChain Lab, a visionary technology company renowned for its expertise in distributed systems and machine learning. ParallelChain Mainnet is an open-source, Proof-of-Stake platform, meticulously designed for building decentralised, web2-interoperable blockchain applications; whereas ParallelChain Enterprise is a bespoke, permissioned blockchain, tailored to cater to use cases that necessitate enhanced privacy, scalability, and compliance features.
The Total Supply of XPLL: A Comprehensive Overview
XPLL is an inflationary asset, boasting an initial supply of 125 million coins at its genesis, thereby establishing a robust foundation for its economic ecosystem.
Comprehensive ParallelChain Tools Suite:
- Introducing the ParallelWallet mobile app, designed to provide users with a seamless and password-free experience on ParallelChain, while also supporting the secure storage and transfer of BTC, Ethereum, and BSC-based assets.
- The ParallelChain Explorer offers real-time insights into transaction status, enabling users to inspect transactions, addresses, analytics, and blocks with ease.
- The ‘ParallelChain light client’ facilitates interaction with the testnet node, providing a seamless experience for users.
- The ‘ParallelChain F Smart Contract SDK (pchain-sdk)’ is a comprehensive toolkit that provides Rust structs, functions, types, and macros, empowering developers to craft smart contracts that are executable in WASM engines, adhering to the ParallelChain F Smart Contract Virtual Machine (VM) specification. This enables developers to write smart contracts in a highly readable and idiomatic style.
- The CLI build tool, pchain_compile, is specifically designed for smart contract developers, allowing them to effortlessly build their source code into WASM binaries, ready for deployment on ParallelChain.
XPLL: The Native Utility Token of ParallelChain, Empowering Holders to:
- Offset transaction fees on the ParallelChain network.
- Operate validator nodes on the network through a staking mechanism.
- Participate in the validation process by staking on validator nodes.
The Visionary Minds Behind ParallelChain
The ParallelChain blockchain is the brainchild of ParallelChain Lab, a Singapore-based technology company established in 2018, with a distinct focus on harnessing the potential of blockchain and artificial intelligence.