Paralism – Page 2 – Paralism Blog

Integrating Other Public Chain Ecosystems via Protocol Chains

As a Layer 0, Paralism supports the integration of other public chain ecosystems into Paralism’s Web 3.0 ecosystem, thereby achieving true user sharing and asset circulation. The integration will be carried out through protocol chains with the following brief steps:

Analysis of Monad

On April 9th of this year, the Layer1 blockchain Monad Labs announced the completion of a $225 million financing round. This round was led by Paradigm, with participation from other well-known investment institutions, including Electric Capital, SevenX Ventures, IOSG Ventures, and Greenoaks, etc. Along with the $19 million seed round announced in February 2023, the project has raised a total of $244 million, with a valuation of $3 billion.

Development Plan of Paralism

Paralism, with parallel blockchain technology as its core, aims to break through the scalability limitations of traditional blockchains. It does not confine its development to specific businesses, scenarios, or roles. Following the principle of fully unleashing the potential of parallel blockchains and establishing a digital economy platform supported by parallel blockchain technology, Paralism plans its future development from three dimensions:

Part 1 Constructing Web3.0 Infrastructure Based on Parallel Blockchain Technology

From Web1.0 to Web3.0

Paralism Driving the Development and Application of Web3.0

About Paralism

As Layer0, Paralism breaks through with parallel blockchain technology, perfectly addressing compatibility issues of Layer1, scalability and cross-chain issues of Layer2, creating an Omnichain ecosystem for blockchain industry. Ultimately, Paralism will become a backbone-level value interconnection network, facilitating cross-ecosystem flow of assets and users, driving the development and application of the entire Web3.0 world.

Analysis on the Blockchain Industry

Trillion-Dollar Market Focused by the Market and Capital

By over a decade development, Bitcoin has started from zero to a peak of more than $70,000, and led to the creation of over 22,000 cryptocurrencies (CoinMarketCap, January 1, 2023) with a total market capitalization exceeding 2 trillion dollars. The underlying technology of Bitcoin, blockchain, has received widespread attention. And a large number of developers have been attracted to contribute to the associated technologies as data structures, smart contracts, virtual machines, and consensus mechanisms and algorithms. At the meantime, various industries such as finance, supply chain, intellectual property rights, social media, and artificial intelligence are also seeking integration with blockchain technology. Large banks and tech giants are actively deploying blockchain solutions and services in their industries. DeFi (Decentralized Finance), metaverse, and Web3.0, which are all built on blockchains, have entered the public, triggering waves of capital and market frenzy.

Paralism Invention” Value Mapping and Right-of-Way Method for Digital Rights and Interests” has Published by USPTO

Dear partners and communities,

Good news! Our invention” Value mapping and right-of-way method for digital rights and interests” (Patent No.: CN112085606A) after successfully claimed priority under the Patent Cooperation Treaty (PCT), now already published by United States Patent（USPTO）, publication NO.: US20230315816A1.This patent is aiming for providing efficient and automated solutions for the governance of Web3.0 and DAO.

Announcement: Paralism Now Added Support for OAuth2.0 Flows！

Dear Paralism Partners and Community,

To help Web2 users to conveniently experience the convenience and rich use cases brought by Web3 technology, we are delighted to announce that Paralism has added support for OAuth2.0, enabling seamless integration with third-party decentralized applications.

Announcement: Paralism Swap Cross-Chain Bridge is now alive, fully connecting the Paralism and Ethereum ecosystems!

In order to improve the user experience within Paralism ecosystem and enhance interactions with other ecosystems, the Paralism team has made continuous efforts, and now the Paralism Swap Cross-Chain Bridge is officially open to the public!

Announcement: Paralism Parallel Chain Has Added Ethereum Protocol Compatibility

In order to better support Ethereum ecosystem projects, Paralism has added compatibility with the Ethereum protocol based on its parallel chain mechanism. The data generated by Ethereum protocol applications with the same genesis block will form a new Ethereum chain stored in the Paralism hyperblock data structure. The number of Ethereum chains is unlimited.

In the future, we will activate a dynamic sharding mechanism, at which point the performance of the Ethereum chain will rival that of Ethereum 2.0. We will also provide better cross-chain support for upper-layer applications then.

Paralism’s Invent, “Value Mapping and Tight-of-Way Method for Digital Rights and Interests” has Successfully Claimed Priority under PCT

Dear partners and communities,

We are pleased to announce that our invention, ” Value mapping and right-of-way method for digital rights and interests” (Publication No.: CN112085606A) has successfully claimed priority under the Patent Cooperation Treaty (PCT) (Publication No.: WO2022057359A1) and we have now filed for a United States patent（to USPTO） and wait to be granted.