Home
News
ParallelChain brings fresh input to the DeFi Growth.
Scalability, interoperability, compliance – they are the three key pillars to the institutional adoption of decentralized finance (DeFi). We see continuous improvement on scalability and interoperability as each generation of blockchains rolls out, but there has been hardly any progress on the compliance aspect, mainly because the effort requires much pragmatic experience in the enterprise blockchain market, which was yet to be found in the public blockchain field until ParallelChain came along.
Making blockchain compliant with the regulated world.
Since inception in 2018, ParallelChain has been a permissioned blockchain where enterprise solutions are built and run. With busines-oriented features and speeds of 120,000 TPS and 0.003s latency, it empowers institutions to reap the benefits of blockchain technology without having to risk compliance (e.g. GDPR, KYC, etc.). Getting back to the point, ParallelChain has committed itself to make blockchain compliant with the regulated world and is now entering the second phase of the mission with the Mainnet project – a public, open-source smart contract platform – going live in early 2022. Powered by a unique proof-of-stake protocol designed to bring accountability, security and credibility to the ecosystem, this full-fledged network of ParallelChain will enable seamless access between the enterprise and DeFi markets. Enterprise networks will enjoy flexibility in how they choose to interact, or not interact with the Mainnet, similar to the Cosmos Zones environment but more cater to business use cases.
Unleashing the network effect.
Joining hands with industry heavyweights such as IBM and Amazon Web Services (AWS), ParallelChain has established a global partner network that amplifies its reach, and it is hoping to extend such reach to the entire blockchain ecosystem. This adds a new dimension to the notion of network effect which is currently very much confined within the context of Ethereum and Bitcoin.
Coming from the future, ParallelChain brings real world applicability.
Layer-1 projects typically embark with developing a public ledger as the main chain, followed by layer-2 scaling solutions and a growth plan of enabling more use cases that can be applied in our daily life. Coming from the future, ParallelChain brings to the table its strong partner network and enterprise user base, but more importantly, the team’s expertise in infrastructure technology and deep understanding of the synergies and conflicts between blockchain and the regulated world of business, as well as their respective needs and values.
Native token XPLL, the community, and more…
The ParallelChain network fuels its operations through the native utility token XPLL. With smart contract capability at launch and bridges in the works, ParallelChain adds a faster and cheaper alternative for developers to build their dApps.
The XPLL token has completed several private rounds and is counting minutes to go public later this year. Those who missed the early entries may still have a chance to participate in the coming round dedicated to community building.
Stay updated on the development of ParallelChain: Twitter, Telegram, Medium
You can also find more info at www.parallelchain.io.
