Paralism public beta network is officially open to external nodes.
As a ground-breaking step for Paralism’s parallel ecological construction, the Parallism parallel blockchain public beta network was officially opened to external nodes at the end of October 2019. Users can download the Paralism node and run the Paramalism main network node and get the Para coin as reward.
Paralism has been focusing on the research and development of parallel blockchain core protocols and algorithms since the hyper chain team released the core protocol four years ago. In 2018, the main network and the version of the main network were officially released in Korea in early 2019. Paralism, the technology’s digital economic platform, and began joint development with multiple code-level partners on the main network. With the increasing perfection of Paralism parallel blockchain technology and the accumulation of development experience, Paralism ushered in the starting point of ecological construction, and based on Paralism’s parallel blockchain system, produce coins called Para to support the ecology.
From the birth of Bitcoin to the present, the blockchain industry has experienced continuous development and differentiation. There have been many consortium chains that insist on decentralized blockchain fundamentalism, active and close to the enterprise, and constantly develop and reorganize in the contract and development layers. With the support of the parallel blockchain, Paralism is gradually reshaping the Internet and the digital economy by creating new value networks between businesses, assets, goods and data. It is compatible with multiple chains such as alliance chain and public chain, and supports the parallelism of financial and non-financial services. It always believes that an open network environment is rich in parallel ecological essence.
Based on this concept, the Paralism test network was officially opened to the outside and upgraded to the public test network. The node software running Paralism can be mined to receive Para rewards; relevant blockchain developers and enterprises can perform one-click chain and data chaining on Paraalism public beta, as well as other application development. The Paralism public beta network allows users to make a variety of attempts, and there is a certain amount of trial and error space, which plays an important role in Paraalism’s parallel ecological innovation and early construction. With the expansion of Paralism’s main network nodes and the launch of functions, Paralism’s ecological construction activities will also be launched, and the official main network of Paralism will be launched at an appropriate time for ecological development. Users participating in Paralism’s main network construction, ecological construction, and community building will receive Para awards in different ways.
Paralism main node and ecological incentives – Para
Para is the first coin that can be mined and works as system fuel for global consensus, ecology building incentives, and intermedia of asset trading.
Para coins are based on the Proof of Buddy (POB) algorithm. Paralism’s unique Buddy consensus algorithm is the core consensus algorithm of parallel blockchain system. It is capable of supporting the block generating without rely on ledger or currency operation, and assumes the responsibility of forming the global consensus and chain proof throughout the Paralism system. PoB is an extension of Buddy consensus algorithm. The Buddy algorithm supports customized application consensus to bring more features into a coin. This algorithm forms a cooperative game between nodes, and automatically maintains the local computing consumption on an appropriate mathematical difficulty. Does not reduce the difficulty of entire chain of preventing from attacks. With proper difficulty protection supports, Para, as the core incentive tool and revenue voucher of the Paralism ecosystem, can be a global digital currency with transactional attributes satisfying the high security and stability requirement. And always ensure that computation power and resource are used to maintain the blockchain network rather than a competition of consumption.
The total supply of Para is 210 million, which 35% is used for mining and 65% is unlocked according to the mining speed. 65% of the distribution is: 30% for investment, 20% for foundations and teams, 10% for community building, and 5% for voting.
In parallel blockchain system, about 100 blocks are generated per hour, and the block speed is 15 times that of Bitcoin. Throughout the life of Paramalism, 210 million Paras will be released, and 35% of Para coins will come from rewards for miners when creating blocks. At this stage, each time a Para sub-block is generated, the node is rewarded with 8 Para coins. After that, the block reward is halved every four years until 210 million paras are released.
Another reward is for the same amount of bonuses for hyperblock. Each time Para forms a global consensus, a hyperblock issuance of 3.1415927 Paras is generated to encourage Buddy nodes to participate in the formation of a hyperblock global consensus, rewarding the Buddy nodes participating in the hyperblock consensus. Computational and connectivity resources, as well as their solidification of system parallel consistency, to promote the good development of Paraalism’s parallel blockchain digital economy. According to the issuance of 3.1415927 Para’s additional issuances for each global hyperblock, the total amount of Para coins will be close to 271 million.
The instructions of Paralism node soft ware
Paralism node software terminal includes: mining, issue a chain ,publish on chain , browser, wallet, etc. The address of the specific node download and installation will be announced soon. Users can join the social platform at home and abroad to get the latest information.
Hardware requirements:
The following table shows the minimum configuration and recommended configuration for a single node. You can configure the number of nodes according to actual business requirements and machine resources.
Operation:
installation
Log in to the official Paralism page and click on the download terminal button.
(Home page)
On the bounce download page, download and install the mining terminal program according to your operating system. (If an error occurs, re-download and install)On the bounce download page, download and install the mining terminal program according to your operating system. (If an error occurs, re-download and install)
link:https://www.paralism.com/download/Paralism-Lite-0.5.0.zip
Click on the downloaded client to start the main interface of the mining terminal. The program will enter the calibration mode first.
Click the “Start Calibration” button to start the main interface of the mining terminal.
In the Coin section of the Asset menu, select paracoin and click the “Start Mining” button to start mining.
Click on the “Wallet” button to view the mining settlement.
When the balance is not 0, it means that you have successfully dug the mine, then you can choose to switch to the official network. Click the “Exit Calibration” button under the “Status” menu bar to pop up the Exit Calibration Mode dialog box. Click the “Exit Calibration” button to automatically switch to the official network.
When the official network is accessed, the red frame and calibration mode labels are no longer displayed on the interface.
(Mining)
start
Click on the downloaded client to start the main interface of the mining terminal.
(mining)
Try to mine Para
How do you do Paracoin mining on the Asset page?
In the Coin column of the Asset menu, we can see the basic information of the Genesis block of the system with Paracoin, including the coin name, consensus algorithm, ledger, and initial block number.
On the Asset page, click Start Mining and wait a few seconds to enter the mining program
At this point, Start Mining will become Stop Mining, indicating that mining is already in progress
You can view the wallet results.
On the wallet page, we can set passwords, view asset changes, and transfer funds.
(Set and change password)
(View asset changes)
(transfer)
Above, it is the easy-to-use and simple mining process of Para coin. Come and download the node software to start mining !
The details of Paralism mining incentive activities
In order to cooperate with the public network mining mechanism on the line, the public survey network stage launched two mining incentive activities:
the team reward: through the spontaneous team mining and select the public account lock position to the main online line, the team account balance ranked top ten (each team not less than ten nodes), you can directly enjoy 3% Para Airdrops, monthly results will be published through the Paralism blog for inquiries. (Please pay attention to Paralism social media for specific details)
mapping reward: dig out Para and always lock the warehouse to the main online line, the Para obtained before the first month of excavation can enjoy the mapping of the test network token and the main network Para3 times after the main online line; the second Enjoy 2x mapping before excavating; enjoy 1x mapping before excavating in the third month. (Please pay attention to Paralism social media for specific details)
Note: The final interpretation of the Paralism test site mining rules is owned by Paralism.
Why do you want to become the main node of Paralism?
Excellent performance, fast and stable
Paralism utilizes the world’s leading parallel blockchain technology, with sufficient sub-chain resources and dynamic fragmentation of sub-chains, which can easily cope with high concurrent high traffic, and the local consensus of parallel chains to the global consensus POB consensus algorithm to ensure block security. At the same time, the block cycle is controlled within 3 sec – 3 min, and the speed is faster.
Simple operation, easy to try
In order to practice the mission of letting everyone benefit from the blockchain, the project side has painstakingly designed the function of the node software, and the fully functional and minimally designed mining node software has a kind of “back home” for both small white users and experienced users. The feeling is that you can settle in and experience the digital value world brought by the parallel chain.
Reward
Each sub-block of the Paralism Para sub-block acquires 7 Paras, which is the reward that can be obtained by mining. On this, the project side provides two incentive activities, and the mining results in the test network stage. Will get the multi-level mapping in the main online line, you can also choose the group team mode multi-book mining, give full play to the role of the node, the profit is more considerable. The follow-up incentive activities will continue to be released, giving feedback to the nodes to contribute enthusiasm.
Coin&Token is ready for innovation
Becoming a Paralism parallel main network node, in addition to participating in Para mining at this stage, with the promotion of the function of coinage and issuance in the Paralism key chain, Paralism parallel main network nodes can preferentially participate in other Coin issued on the main network. Or Token mining, to achieve multiple accounts mining.
Issuse a chain, transfer easily
The Paralism parallel blockchain can support the operation of multiple blockchain services and digital assets. With the support of Paralism’s dynamic sharding capabilities, all business and digital assets can run at high performance; after Paralism introduces built-in cross-chain functionality, these Business and digital assets will be able to perform natural cross-chain interactions or transactions, enabling the launch chain to be on the go, implementing decentralized transactions and efficient flow on the Parallism parallel platform.