ParallelChain price

XPLL

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ParallelChain (XPLL) emerges as a sophisticated blockchain platform, integrating cutting-edge technologies like zero-knowledge proofs and AI-based anti-spoofing for robust identity protection. This dual-blockchain ecosystem is powered by ParallelChain Mainnet and ParallelChain Enterprise, each serving distinct purposes. The Mainnet operates as a Proof-of-Stake, open-source platform, facilitating decentralized applications with interoperability between Web2 and Web3. In contrast, ParallelChain Enterprise caters to business needs with enhanced privacy, scalability, and compliance.

The platform's native utility token, XPLL, plays a crucial role in maintaining network security and functionality. It is used for transaction fees, staking, and running validator nodes. The token's inflationary nature began with 125 million coins minted at genesis. ParallelChain's ecosystem is enriched with tools like the ParallelWallet app for seamless asset management and the ParallelChain Explorer for real-time transaction insights.

Developers benefit from the ParallelChain F Smart Contract SDK, which supports Rust-based smart contracts executable in WASM environments. This is complemented by the pchain_compile tool for compiling smart contracts into deployable WASM binaries. The Singapore-based ParallelChain Lab, founded in 2018, spearheads the development of this innovative blockchain, leveraging its expertise in distributed systems and machine learning to bridge centralized and decentralized finance.

ParallelChain, a blockchain platform developed by ParallelChain Lab, stands out with its innovative approach to bridging the gap between public and private blockchain ecosystems. At its core, ParallelChain operates on a dual-blockchain system, consisting of ParallelChain Mainnet and ParallelChain Enterprise. This dual structure allows it to cater to both decentralized applications and enterprise-level solutions, offering a unique blend of privacy, scalability, and compliance.

ParallelChain Mainnet is a Proof-of-Stake (PoS) layer-1 blockchain that facilitates the development of decentralized applications. It emphasizes interoperability between public and private blockchains, creating a super-ecosystem where universal smart contracts can operate seamlessly across different financial infrastructures. This is particularly significant for developers looking to build applications that require interaction between centralized and decentralized finance systems.

ParallelChain Enterprise, on the other hand, is a permissioned blockchain designed for business applications that demand enhanced privacy and compliance. This blockchain is tailored for enterprises that need to maintain control over their data while still leveraging the benefits of blockchain technology. The dual-blockchain approach ensures that both public and private blockchain needs are met without compromising on security or performance.

Security is a paramount concern in blockchain technology, and ParallelChain addresses this with a combination of zero-knowledge proofs and AI-based anti-spoofing technologies. Zero-knowledge proofs allow transactions to be verified without revealing any sensitive information, ensuring privacy and security. Meanwhile, AI-based anti-spoofing technologies help prevent fraudulent activities by verifying the authenticity of transactions and users.

ParallelChain also incorporates DeFi-native compliance tools, which are crucial for adhering to regulatory standards in decentralized finance. These tools ensure that transactions and smart contracts comply with legal requirements, making ParallelChain a viable option for businesses operating in regulated environments.

The platform supports WASM-executable Rust smart contracts, which are known for their efficiency and security. Rust is a programming language that emphasizes safety and performance, making it an ideal choice for writing smart contracts. These contracts are executed in a WebAssembly (WASM) environment, which provides a secure and efficient runtime for blockchain applications.

ParallelChain's ecosystem includes several tools that enhance user experience and developer capabilities. The ParallelWallet mobile app offers a seamless, password-free experience for managing digital assets, including BTC, Ethereum, and BSC-based tokens. The ParallelChain Explorer provides real-time insights into transactions, addresses, and blockchain performance, allowing users to monitor the network's activity.

For developers, the ParallelChain F Smart Contract SDK (pchain-sdk) offers a comprehensive set of tools for creating smart contracts. This SDK includes Rust structs, functions, and macros that simplify the development process, enabling developers to write smart contracts in a clear and idiomatic style. Additionally, the pchain_compile CLI tool allows developers to compile their smart contract code into WASM binaries for deployment on the ParallelChain network.

XPLL, the native utility token of ParallelChain, plays a crucial role in the network's operations. It is used to pay transaction fees, run validator nodes, and participate in staking activities. With an initial supply of 125 million coins, XPLL is an inflationary asset, supporting the network's growth and sustainability.

The team behind ParallelChain consists of world-renowned technological innovators and multi-patented scientists, based in Singapore. Their expertise in distributed systems and machine learning has been instrumental in developing a blockchain platform that addresses the limitations of first-generation blockchains, providing fast and secure transactions for businesses and developers alike.

ParallelChain (XPLL) is a versatile blockchain platform that offers a range of real-world applications, making it a significant player in the cryptocurrency landscape. At its core, ParallelChain is a dual-blockchain ecosystem, consisting of the ParallelChain Mainnet and ParallelChain Enterprise. The Mainnet is a Proof-of-Stake layer-1 project that facilitates the creation of decentralized applications (dApps) with interoperability between public and private blockchains. This unique setup enables the bridging of centralized and decentralized finance infrastructures.

One of the standout applications of ParallelChain is its ability to protect against identity fraud and Sybil attacks, which are common issues in digital environments. By leveraging its blockchain technology, ParallelChain enhances personal identity security, making it a valuable tool for sectors like healthcare and government. Additionally, it offers DeFi-native compliance tools, ensuring that decentralized finance operations adhere to regulatory standards.

ParallelChain also supports the monetization of user data, providing a secure and transparent way for individuals to benefit from their own information. Its decentralized node operations contribute to a secure network, while the use of WASM-executable Rust smart contracts allows for efficient and reliable execution of blockchain transactions. The PRFC token standards further enhance the platform's capabilities, supporting a wide range of applications, including non-fungible tokens (NFTs) and media.

In the realm of decentralized finance, ParallelChain facilitates seamless money transfers and the parallel execution of transactions, which is crucial for maintaining efficiency and speed. The platform's KYC verification capabilities ensure that users can navigate Web3 environments effortlessly and securely. Moreover, the XPLL token serves as a utility token within the ecosystem, enabling users to pay transaction fees, run validator nodes, and participate in staking activities.

ParallelChain's tools, such as the ParallelWallet mobile app and ParallelChain Explorer, enhance user experience by providing seamless, password-free interactions and real-time transaction insights. These features, combined with its robust infrastructure, make ParallelChain a powerful solution for various industries seeking to leverage blockchain technology.

ParallelChain, a pioneering blockchain project, has made significant strides in the realm of cryptocurrency with its dual-blockchain ecosystem. This innovative platform, developed by ParallelChain Lab, integrates both public and private blockchains, aiming to bridge the gap between centralized and decentralized finance through its unique architecture.

One of the earliest milestones for ParallelChain was the launch of its Testnet, which laid the groundwork for subsequent developments. This was followed by the integration of advanced technologies such as zero-knowledge proofs and AI-based anti-spoofing mechanisms, enhancing the security and privacy features of the network. These integrations are crucial for maintaining the integrity and trustworthiness of transactions on the blockchain.

ParallelChain's commitment to compliance and security is further demonstrated through the development of DeFi-native compliance tools. These tools are designed to ensure that decentralized finance applications built on ParallelChain adhere to regulatory standards, providing a secure environment for users and developers alike. Additionally, the introduction of WASM-executable Rust Smart Contracts has expanded the platform's capabilities, allowing developers to create sophisticated applications with ease.

The launch of the ParallelChain Mainnet marked a significant advancement, establishing a Proof-of-Stake layer-1 platform that supports decentralized, web2-interoperable blockchain applications. This mainnet serves as the backbone for the ecosystem, facilitating seamless interactions between public and private blockchains. The mainnet's introduction has been pivotal in enabling the deployment of universal smart contracts, which are essential for bridging the infrastructure divide in the blockchain space.

ParallelChain has also focused on enhancing user experience and developer tools. The ParallelWallet mobile app offers a seamless, password-free experience for managing assets, including BTC, Ethereum, and BSC-based tokens. The ParallelChain Explorer provides real-time insights into transactions, addresses, and network performance, while the light client allows users to interact with the testnet node efficiently.

For developers, the ParallelChain F Smart Contract SDK and the pchain_compile CLI tool are invaluable resources. These tools facilitate the development and deployment of smart contracts, enabling developers to write code in a highly-readable style and compile it into WASM binaries for execution on the network.

The introduction of PRFC Token Standards has been another key development, providing a framework for managing various types of tokens within the ParallelChain ecosystem. This standardization is essential for ensuring compatibility and interoperability across different applications and platforms.

ParallelChain's secure network is maintained through decentralized node operations, which are supported by the native utility token, XPLL. This token is integral to the network's functionality, as it is used for transaction fees, staking, and running validator nodes. With an initial supply of 125 million coins, XPLL plays a crucial role in the ecosystem's economic model.

The team behind ParallelChain, based in Singapore, has been instrumental in driving these innovations. Founded in 2018, ParallelChain Lab specializes in blockchain and artificial intelligence, leveraging its expertise to develop cutting-edge solutions that address the evolving needs of the blockchain industry.