PARA
Paralink Network
-0.65%
$ 0.00087973
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
- -Paralink Network$ 0.00087973-$ 25,7620 PARA-0.65%
Paralink Network. Price of cryptocurrency: $ 0.00087973
What is Paralink Network?
Paralink Network (PARA) is a multi-chain oracle platform. The platform uses the InterPlanetary File System.
Users have the option to receive important real-world data such as sports, weather, shares, currency and more, and developers have the option to create requests of their own.
Since Q2 2020, paralink technology has been in development. It's designed to solve the oracle problem by limiting access to real world data when using the same chain as the state. Paralink wants to make it easier for distribution systems to communicate with each other and the real world.
Who are the founding members of the Paralink Network?
Paralink Network was founded by Jan Knezevic. He has a background in economics and business. After working for KPMG, he got a grasp of the technology and started working on various projects, including accounting, business development, and internal audits.
Knezevi realized how limited the applications were for exchanging real-world information. In order to increase their value and implement them in complex industries, it must have a confirmed flow of information from the real world.
Paralink Network (PARA) is unique.
One of the most significant innovations of Paralink Network is the advanced queries. The developers think that this move will change the attitude of people towards the creation of DAPPS and the transfer of data to smart contracts.
Paralink Network has two main advantages over projects of a similar focus, one of which is their powerful querying language, PQL, which helps users quickly and easily query from common data structures.
The on-chain consensus model powered by Polkadot is one of the highlights. The groups of Paralink operators have to agree on a result at a minimum threshold. Paralink can aggregate multiple data sources in the chain, and exclude results that don't meet the thresholds.
The main guideline for the development of Paralink is the ability to exchange information in real time with real objects, while providing reliable asset valuation.
There are related pages.
You can read about Polkadot.
You can read about the IPFS.
oracles, what are they?
What does smart contract risk mean?
The term was born in August.
How many Paralink Network (PARA) coins are in circulation?
Paralink Network has an internal currency called PARA, which is an incentive and governance token. It is possible to take it.
The PARA token will be convertible one-to-one with the ERC-20 token, which will be issued by the developers at the token generation event.
The initial DEX offering took place in May of 2021.
How is the Paralink network secured?
The highest degree of application safety is provided by Paralink on-chain consensus.
In multi-chain networks, Simple Ingress is the most cost-effective option. The authenticity of any third-party data source can be verified quickly.
Simple Ingress update addresses the encryption of PQL results using cryptography called Trusted Ingress. The results come from trusted providers. This model is an order of magnitude higher than Simple Ingress and is more developed for financial applications, while incoming traffic is cheaper and easier to implement.
It is almost impossible to hack the on-chain security model because it doesn't depend on any source for verification.
Where can I buy paralink network?
The Paralink Network (PARA) support exchanges include Uniswap, PancakeSwap, Gate.io, and ZT.
Read our guide to find out more about buying cryptocurrencies.
Stay up to date with the latest trends and updates on the website.
Click here if you want to check the top DeFi token.
Paralink Network (PARA) is a multi-chain oracle platform. The platform uses the InterPlanetary File System.
Users have the option to receive important real-world data such as sports, weather, shares, currency and more, and developers have the option to create requests of their own.
Since Q2 2020, paralink technology has been in development. It's designed to solve the oracle problem by limiting access to real world data when using the same chain as the state. Paralink wants to make it easier for distribution systems to communicate with each other and the real world.
Who are the founding members of the Paralink Network?
Paralink Network was founded by Jan Knezevic. He has a background in economics and business. After working for KPMG, he got a grasp of the technology and started working on various projects, including accounting, business development, and internal audits.
Knezevi realized how limited the applications were for exchanging real-world information. In order to increase their value and implement them in complex industries, it must have a confirmed flow of information from the real world.
Paralink Network (PARA) is unique.
One of the most significant innovations of Paralink Network is the advanced queries. The developers think that this move will change the attitude of people towards the creation of DAPPS and the transfer of data to smart contracts.
Paralink Network has two main advantages over projects of a similar focus, one of which is their powerful querying language, PQL, which helps users quickly and easily query from common data structures.
The on-chain consensus model powered by Polkadot is one of the highlights. The groups of Paralink operators have to agree on a result at a minimum threshold. Paralink can aggregate multiple data sources in the chain, and exclude results that don't meet the thresholds.
The main guideline for the development of Paralink is the ability to exchange information in real time with real objects, while providing reliable asset valuation.
There are related pages.
You can read about Polkadot.
You can read about the IPFS.
oracles, what are they?
What does smart contract risk mean?
The term was born in August.
How many Paralink Network (PARA) coins are in circulation?
Paralink Network has an internal currency called PARA, which is an incentive and governance token. It is possible to take it.
The PARA token will be convertible one-to-one with the ERC-20 token, which will be issued by the developers at the token generation event.
The initial DEX offering took place in May of 2021.
How is the Paralink network secured?
The highest degree of application safety is provided by Paralink on-chain consensus.
In multi-chain networks, Simple Ingress is the most cost-effective option. The authenticity of any third-party data source can be verified quickly.
Simple Ingress update addresses the encryption of PQL results using cryptography called Trusted Ingress. The results come from trusted providers. This model is an order of magnitude higher than Simple Ingress and is more developed for financial applications, while incoming traffic is cheaper and easier to implement.
It is almost impossible to hack the on-chain security model because it doesn't depend on any source for verification.
Where can I buy paralink network?
The Paralink Network (PARA) support exchanges include Uniswap, PancakeSwap, Gate.io, and ZT.
Read our guide to find out more about buying cryptocurrencies.
Stay up to date with the latest trends and updates on the website.
Click here if you want to check the top DeFi token.