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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

The Bitcoin Lightning Network enables immediate payments, providing rapid blockchain transactions without the delays typically associated with block confirmations. It enhances security through the use of smart contracts on the blockchain, eliminating the need for separate on-chain transactions for each payment. Users can experience transaction speeds ranging from milliseconds to mere seconds. This network boasts remarkable scalability, capable of handling millions to billions of transactions every second, far surpassing traditional payment systems in terms of capacity. Additionally, it allows payments to be linked to specific actions or clicks without the need for intermediaries. Cost efficiency is another benefit, as settling transactions off-chain results in substantially lower fees, paving the way for innovative applications like instant micropayments. Furthermore, the Lightning Network supports cross-chain atomic swaps that can be executed instantly and off-chain, provided the involved blockchains utilize the same cryptographic hash function. This interoperability between different blockchain systems opens up new possibilities for seamless financial interactions.

Description

Create Ethereum-compatible smart contracts using various popular programming languages and execute them at a significantly higher speed on Substrate. This initiative operates under a decentralized, open-source business model that is financed by developer treasuries across participating blockchains. All current Ethereum smart contracts can be seamlessly executed on ParaState’s Ewasm VM (Pallet SSVM) without requiring any modifications. By supporting over 20 programming languages, ParaState enhances the developer ecosystem for creating Ethereum-compatible smart contracts. This includes widely-used languages like Solidity, Fe, Rust, and JavaScript, along with domain-specific languages (DSLs) such as MOVE, DeepSEA, and Marlowe. Substrate-based blockchains, including those within the Polkadot network, already experience a much greater transactions per second (TPS) rate compared to Ethereum. However, for a smart contract platform, the efficiency of compute performance is prioritized over TPS throughput. Experience the advantages by deploying smart contracts on ParaState and witness the enhanced capabilities firsthand.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Bitaroo Yes 
Breez Yes 
Cash App Yes 
Eclair Mobile Yes 
Electrum Yes 
Exodus Yes 
Keet Yes 
Mash Yes 
Muun Yes 
Neutronpay Yes 
NiceHash Yes 
Phoenix Wallet Yes 
RoboSats Yes 
Speed Yes 
Substrate No 
Tippin Yes 
Uniswap No 
Wallet of Satoshi Yes 
ZapRead Yes 

Integrations

Bitaroo No 
Breez No 
Cash App No 
Eclair Mobile No 
Electrum No 
Exodus No 
Keet No 
Mash No 
Muun No 
Neutronpay No 
NiceHash No 
Phoenix Wallet No 
RoboSats No 
Speed No 
Substrate Yes 
Tippin No 
Uniswap Yes 
Wallet of Satoshi No 
ZapRead No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Lightning Network

Founded

2015

Website

lightning.network/

Vendor Details

Company Name

ParaState

Founded

2020

Website

www.parastate.io

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