Looking over the capabilities of ParallelChain, a new Layer 1 blockchain, emphasizing speed, security, and scalability in its design.
Mainnet Features:
Arachne: The consensus algorithm of ParallelChain Mainnet, establishing a robust proof-of-stake network that is quick, secure, and energy-efficient.
HotStuff-RS: Offers a modular State Machine Replication (SMR) tailored for crafting custom solutions.
DDoS-Resistant: Integrates DDoS detection and countermeasures to ensure continuous network availability.
Mainnet Tools:
PChain-SDK: A tool that lets developers craft smart contracts in RUST that are executable in WASM.
Formal Verification: Provides a mathematically-backed ecosystem for smart contracts, ensuring safety and security.
Biometric-as-a-Service: Features an anti-spoofing system with facial and vocal recognition capabilities.
Enterprise Features:
Parallel Processing: Boasts limitless scalability, whether through closely or loosely connected configurations.
GDPR Compliance: Uses patented blockchain technology to achieve data compliance at GDPR standards.
Proof-of-Immutability (POIM): A dependable mechanism for verifying the unchangeability of data whenever needed.
Performance Metrics: Single chain can handle 130,000 TPS; dual-chain manages 260,000 TPS, and quad-chain tops at 520,000 TPS. The enterprise standard is 130,000 TPS.
Use Cases:
Supply Chains: Enhances transparency and accountability in logistics with immutable blockchain transactions.
Airport Ecosystem: Facilitates baggage tracking and guarantees aviation data safety through interoperable public and private chains.
Global Corporations: Provides a dependable, transparent method for regional scaling and secure distributed ledger data storage.
Autonomous Systems: Merges blockchain with AI, leading autonomous machines powered by Virtual Data Capsules.
Loyalty Rewards: Broadens the scope of reward options in loyalty programs through decentralized asset tokenization.
Worldwide Payments: Bridges the divide between public and private chains, hastening and cheapening cross-border transactions.
Enterprise Network:
EKYC Chain: Uses anti-spoofing facial and voice recognition systems for enhanced verification and authentication.
Preventive Chain: Bolsters security by protecting user identities through facial and vocal recognition, while also flagging suspicious activities in real-time.
Approval Chain: Augments business workflows and transparency, ensuring real-time supply chain network visibility.
Chattel Chain: Provides swift asset tokenization, granting increased liquidity for otherwise illiquid assets and ensuring real-time settlements.