ParallelChain is a cross-platform blockchain, including public blockchain and enterprise (private) blockchain. ParallelChain was built and developed with the goal of bringing blockchain platforms and many toolkits and facilities with fast, efficient and reliable processing speed to businesses in the digital economy.
Multi-platform
ParallelChain deploys and builds multiple blockchains with different configurations to facilitate cross-platform transactions.
ParallelBFT protocol
ParallelBFT is based on the HotStuff protocol with optimized speculative and consensus execution on hash functions. The development team has built a sharding protocol on top of ParallelBFT's foundation that will help provide future ParallelChain Mainnet scalability.
Proof-of-Immutability
The Proof-of-Immutability (PoIM) consensus mechanism is used for the ParallelChain Enterprise blockchain. With Proof-of-Immutability, ParallelChain allows users to participate in multiple and random verification of the immutability of blocks in the network without compromising the privacy of data owners.
WASM Smart Contracts
Theoretically, ParallelChain Mainnet supports smart contracts written in any programming language that can compile to WebAssembly (WASM). But the ParallelChain development team is focusing its pre-development efforts on its SDK and tools based on the Go and Rust programming languages. This allows for easy migration of ParallelChain S smart contracts into the ParallelChain Mainnet and vice versa.
ParallelChain Enterprise
ParallelChain Enterprise is a high performance blockchain platform built and developed for enterprises. ParallelChain Enterprise is the same private blockchain that focuses on enterprise flexibility and privacy.
ParallelChain Enterprise now has specifications such as transaction processing speed, number of transactions per second, data security ... at the top of blockchain platforms for businesses.
ParallelChain provides a suite of layer 2 applications built on ParallelChain Enterprise that leverage speed, security, and data immutability.
ParallelWallet
ParallelWallet is a decentralized cryptocurrency storage wallet used for ParallelChain's blockchain platform. With ParallelWallet, users can store XPLL tokens and interact with ParallelChain's ecosystem through decentralized applications (Dapps).
Outstanding features of ParallelWallet:
eKYC-Chain
eKYC-Chain is a blockchain and biometric system that securely and efficiently verifies and authenticates user and customer identities. The unique feature of eKYC-Chain comes from its built-in facial recognition capability powered by blockchain technology to help detect duplicate data, enforce flexible access policies, and more.
All data of eKYC-Chain will be immutably stored on ParallelChain. All access to data is monitored and recorded which effectively prevents data leakage or misuse. ParallelChain also addresses privacy concerns by allowing users to permanently delete certain data upon request. This makes eKYC-Chain the only blockchain today that helps organizations and companies comply with the highest standards of data protection laws, including the GDPR of the European Union.
PreventiveChain
PreventiveChain is a security management system that uses facial recognition technology and is built on the ParallelChain platform. This system helps businesses, organizations, and companies to monitor many different types of users and deal with improper use or leak of important company or organization data.
PreventiveChain logs and protects all user interactions with the system. The data is not only stored on ParallelChain for investigation in the event of a data leak in the future, but also analyzed in real time. Suspicious behavior will be marked, prompted or more serious will lock the computer.
ApprovalChain
ApprovalChain is a mobile and website blockchain system built on the ParallelChain platform that simplifies the workflow, tracks the origin of goods and products, and makes the censorship process transparent. With full compliance with GDPR standards, ApprovalChain combines real-time image processing, facial recognition and timeline creation to help authenticate, manage, and monitor work and production. .
ChattelChain
ChattelChain is a quick asset to tokenization platform built on top of ParallelChain. With ChattelChain users can tokenize a variety of real assets such as real estate, artwork, stocks, etc. ChattelChain provides instant cryptocurrency trading, fraud prevention and is integrated with ParallelWallet wallet .
The development roadmap of the ParallelChain project is as follows:
1st quarter of 2022
Second quarter of 2022
ParallelChain's development team
ParallelChain's development team includes many famous members in the blockchain technology industry such as Dr.Geoffrey Yuen, Clayton Mak, Ian Huang...
Ian HUANG – CEO : Ian is an entrepreneur and IT infrastructure developer. He worked at Westinghouse, Tektronix, Raytheon, DEC and Hughes Network Systems until he founded XNET Technology himself. Ian is a person with great merit in inventing multi-tasking operating systems, semiconductor design, CPU design and network protocols in TekDOS, SCSI...
Dr. Geoffrey YUEN – Chief Scientist : Dr. Yuen oversees AI development at ParallelChain. He served as principal investigator at the US Navy's Neuroscience Engineering Lab.
Kelvin LAM – Senior Staff Engineer : Kelvin is an engineer who specializes in algorithm design and low latency applications.
Clayton MAK – Director of Product Management : Clayton is an experienced marketer working in big tech companies like Tesla and CryptoSX. He brings ParallelChain valuable knowledge and practical experience in operations, product management, and KYC/AML management.
Jessie CHAN – Chief of Staff : Jessie coordinates and arranges all aspects of ParallelChain's business, including communication with partners and customers.
Partner of ParallelChain
ParallelChain project is currently partnering with many large companies and organizations in the world such as IBM, AWS, ASIA Token Fund, Digital China Coincodex, GTA Ventures...
Investors of ParallelChain
Information is still being updated by TraderH4 team.
XPLL is the main cryptocurrency of the ParallelChain platform. XPLL can be stored in regular ERC-20 coin/token supported wallets like MetaMask , TrustWallet … or in ParallelWallet.
In the ParallelChain Mainnet, XPLL can be used to:
Currently, ParallelChain has not made an official announcement about the plan to open the XPLL token sale. However, Investors can still pre-own XPLL through the project's airdrop events.
Blockchain technology is the essential network infrastructure in the future era of smart connectivity. Where everything will be connected through the Internet of Things (IoT) and 5G, powered by Big Data and Artificial Intelligence (AI), experienced through Augmented Reality (AR) and Virtual Reality (VR). Not only that, blockchain technology also represents an evolution of information technology infrastructure that is from a platform for communicating information to a platform for creating and transmitting value.
However, this technology is not yet widely applied in practice. Most of the popular blockchain platforms today are mainly designed specifically for cryptocurrencies, lack scalability, have slow transaction processing speed, high gas fees, lack of security, privacy protection when making transactions. This makes many companies, businesses and organizations hesitant to use blockchain in their systems as well as accept payments in cryptocurrencies.
The ParallelChain ecosystem provides tools and means to accelerate the enterprise's transition to a more crypto-friendly business model as well as the application of blockchain technology to the management and production process. , its business. However, ParallelChain is currently only focusing on its product development, but has not yet had a specific direction for the development of XPLL coin. You should wait for official announcements from the project about the release of XPLL to avoid unnecessary loss of money.
Above is the basic information about the ParallelChain project and the XPLL token. ParallelChain is a project to build blockchain platforms with high scalability, fast transaction processing speed, and mechanisms to help secure data in compliance with international standards. Together with a team of experienced developers and advisors in the field of blockchain technology, ParallelChain is expected to bring blockchain technology closer to companies, organizations and businesses through real applications and products. economic.
For more details about the project, readers can view information at the media channels:
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
UNQ Club is a project that provides a blockchain platform that allows investors to collect and manage existing NFT assets.
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
In addition to a cryptocurrency storage wallet, SafePal is also known to many investors for its SFP tokens and airdrop events with attractive rewards.
BENQI is one of the important pieces of the Avalanche ecosystem. Join TraderH4 to find out what BENQI (QI) is as well as detailed information about the QI token.
What is IoTeX? This is a blockchain built and developed in conjunction with the Internet of Things (IoT). Join TraderH4 to learn this article.
What is OKB? OKB is an exchange coin of OKX and the OKX Chain blockchain. Let's learn about OKX and OKB exchanges with TraderH4 in this article.
The fever from Akita Inu in the Crypto market in the past time has created a great buzz along with the rapid development of the "dog house token".
DROPP GG brings an innovative and novel idea to provide an NFT mint platform based on geographies outside of the real world.
CronaSwap is a DEX built on Cronos Chain, which has a similar model to Uniswap.
