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
1.Shi Xingguo, Chairman of the Hyper Chain, delivered a keynote speech on “Digital Infrastructure for Parallel Collaboration to Support the 5G Era” at the China Internet Summit. As an Internet veteran, Shi Xingguo believes that blockchain is an important infrastructure for providing links to the next generation of data economy. Just as transportation facilities connect people and things, TCP/IP connects information; after the 5G era, human data economy scale will be 2000 times larger than 4G, and only blockchain can be used as an infrastructure capable of carrying data value. The existing serial blockchain mostly solves a single problem, and there is no blockchain at the infrastructure level. Continue reading Weekly（July8th—July12th）
From July 9th to 11th in 2019, the 18th China Internet Conference was held at the Beijing Convention Center. The theme of the conference was “Innovation, Change, and Departure – A New Chapter of Quality Development”. The industry’s oldest Internet conference in ceremonies welcomed its adult year with the 50th anniversary of the birth of the Internet and China’s full-featured access to the Internet for 25 years.
At the meeting, the Chinese Academy of Engineering academician and the chairman of the China Internet Association, Wu Hequan , said that 5G was born at the right time, its arrival will give birth to an unimaginable format of industries, and the Internet is at an important juncture, and the digital infrastructure re-opened by 5G technology will be rebuilt. Chairman of Hyperchain Information Technology Co., Ltd., parallel blockchain inventor and founder Shi Xingguo, also gave a speech on the digital infrastructure of the 5G era at the senior conference of the Internet Conference, and explained how the parallel blockchain can support the 5G era as an vital part of the infrastructure. Continue reading Founder of Paralism，Shi Xingguo delivered a speech about Digital Infrastructure in the 5G Era at the China Internet Conference
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？
