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!”
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？”
The Paralism multi-chain parallel structure provides customized consensus sub-chains for various types of assets and business forms. It supports public chain, private chain, and consortium chain forms, and also provides a natural opportunity for cross-chain interconnection. Various types of assets, businesses, and industry assets can be interconnected through decentralized way. The hyper-block consensus ensures global consistency and data security, thus achieving true value interconnection. Continue reading “How does Paralism go to independence and interconnection of value？”
During the implementation of cross-chain process, various terms such as notary mechanism, sidechain/relay, and hash locking have been proposed, but none have effectively combined efficiency and security. However, the parallel advantages of the Paralism data structure provide a natural interaction possibility for chain cross. The hyperblock structure can highly guarantee global consensus and consistency within the system. Paralism effectively avoids the poor traceability, high risk of intermediary bridging chains, protocol inefficiency and slow interaction in the cross-chain process. It is naturally efficient and feasible. Continue reading “The Perfect Built-in Cross-chain solution of Paralism”
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 “System-level decentralization–Real ambition of Parallel Blockchain”
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”
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”
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?”
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 “Blockchain needs to be developed in parallel”