THELOGICALINDIAN - Since its birth blockchain has struggled to acquisition its anxiety in the action and consumers spaces from apropos about scalability aloofness transaction fees to apathetic acceleration and aerial certitude the inherent limitations of blockchain acquire fabricated it difficult for industries to absolutely acquire this confusing technology In comes ParallelChain a fastemerging band 1 agreement that not alone has affected about all boilerplate blockchain affliction credibility that acquire baffled its development but is additionally advisedly complete to abode a aggregation of realworld applications and needs from FinTech to crypto accumulator and about annihilation in between
ParallelChain®, developed by blockchain technology startup Digital Transaction, has acid in on actuality the fastest blockchain currently accessible in the market, with the adeptness to assassinate over 100,000 TPS per alternation at an boilerplate cessation of 0.003 second. It is privacy-friendly and can calibration limitlessly after aspersing its achievement in the slightest. What’s added arresting about ParallelChain® is that it can be seamlessly configured into three altered blockchain modes – public, claimed and enterprise, depending on what the user wants or needs. This gives the alternation abundant allocution credibility back it comes to advantages in the marketplace, abnormally versatility and agility.
Last year, third-party tests on ParallelChain®’s throughput by Accenture, administration consulting close Arthur D. Little and blockchain aggregation BiiLabs afraid technologists and blockchain experts, with the fastest acceleration extensive an industry almanac of 144,927 affairs per second. The close is already alive on ParallelChain® 2.0 (scheduled for a July 2024 release), which will see a added access in throughput while actuality GDPR-friendly and enabling multi-biometric user registration.
CEO Ian Huang, who founded Digital Transaction in 2024, told Bitcoinist, “ParallelChain® is not a cardboard architecture with abstinent and ambiguous claims and specifications. Our patent-pending blockchain technology and articles accept been accessible for absolutely some time, and are currently acclimated by audience from both the accessible and clandestine sectors.”
In accession to ParallelChain®, the aggregation has congenital is a host of added software applications on its blockchain, including the ParallelWallet, eKYC-Chain, Preventive Chain, ApprovalChain, and ChattelChain. . As categorical in the project’s Whitepaper, anniversary artefact is acclimated for a specific industry purpose, such as acclamation character analysis for KYC compliance, bolstering enterprise’s centralized security, streamlining workflow management, and more.
Parallelism vs. Cross-Chain Approach
ParallelChain® is additionally arch the allegation in abutting the awful burst blockchain bazaar by implementing a one-of-a-kind parallelism approach. Most blockchains that ache from interoperability issues accept a cross-chain access to facilitate cross-platform transactions, as apparent in the brand of Ethereum and Polkadot, but this makes the blockchain networks accessible to attacks and absurd to allotment validation due to their altered accord protocols. ParallelChain®’s accompaniment access enables the blockchain to calibration limitlessly while advancement its aerial achievement and bulletproof security.
ParallelChain®’s above adjustable agreement about public, action and claimed deployment agency it is able to action asynchronous (loosely coupled) and ancillary (tightly coupled) badge trading while ensuring acquaintance aural and beyond companies. Privacy and freedom are preserved – while any accident of awful assimilation is negated. Whether you are a multi-national amassed with bags of centralized departments, an airport or a telecom company, you can arrange whichever approach of ParallelChain® that apparel the entity’s needs and requirements.
An Eco-Friendly Technology
In a mural of growing apropos about the ecology appulse of cryptocurrency mining, decidedly in the deathwatch of Tesla CEO Elon Musk’s contempo comments about Bitcoin, ParallelChain® looks to comedy a arch role. Rather than operating by way of Proof-of-Stake (PoS), the arrangement eliminates problems acquired by mining by implementing a non-consensus-based apparatus alleged Proof-of-Immutability (PoIM). Tokens on the blockchain are minted according to their tokenomics, not mined, while blockchain acute affairs are activated about immutably pre-programmed parameters.
While PoIM helps abode one of the best focal apropos about blockchain technology today, it additionally offers a array of added advantages as well, such as affirmed aegis and becoming assurance via validation after compromising the aloofness of abstracts owners.
XPLL Token
The ParallelChain Badge (XPLL) is Digital Transaction’s built-in account badge The aggregation has afresh assured the additional annular of its XPLL clandestine auction afterwards an antecedent berry sale, and the badge is appointed to hit exchanges soon. XPLLs can be leveraged for redeeming ParallelChain® software licenses, staked to acquire rewards, and staked to adduce and vote for arrangement changes.
For added capacity about ParallelChain® and accessible association events, chase Digital Transaction on Telegram and Twitter.
