ParaState Description
Substrate allows you to create Ethereum-compatible smart contract in popular programming languages and run them much more quickly. Open source, decentralized business model that is funded by developer treasuries from participating blockchains. ParaState's Ewasm VM, or the Parallel SSVM, will work with all existing Ethereum smart contract without any modifications. ParaState supports 20+ programming languages that allow developers to create Ethereum-compatible smart contract. There are many examples, including generic programming languages like Solidity, Fe and Rust and JavaScript. Also, there are domain-specific languages (DSLs), such as MOVE and DeepSEA. Substrate-based Blockchains like Polkadot parachains already have a higher TPS (transactions/second) than Ethereum. Compute performance is more important than throughput for a smart contract platform. ParaState is a great platform for smart contracts.
ParaState Alternatives
Raiden Network
The Raiden Network, an off-chain scaling solution that enables near-instant, low cost, and scalable payments, is the Raiden Network. It works with any ERC20 compatible token and is complementary to the Ethereum blockchain. The Raiden project continues to be developed. Its mission is to research state channel technology and define protocols. The Raiden Network is an infrastructure layer that sits on top of Ethereum's blockchain. Although the idea is simple, it is complex and difficult to implement. The technicalities can be simplified so developers can use a simple API to create scalable, decentralized applications that are based on Raiden Network. The Raiden Network's basic goal is to eliminate the blockchain consensus bottleneck. This is achieved by leveraging a network payment channels that allow secure transfer of value off-chain.
Learn more
Polkadot
Polkadot, a blockchain network, is being built to enable Web3.0. This will allow users to control their data and ensure that markets benefit from network efficiency. Gavin Wood, a former co-founder and CTO at Ethereum, founded Polkadot in 2016. Polkadot's technology solves the major problems that have hindered blockchain adoption over the past few years. Parity Technologies created Polkadot's Substrate software development toolkit that allows blockchain developers to create their own custom, fit for use blockchains. Polkadot allows multiple blockchains to communicate with each other, allows for easy upgrades, and introduces "shared Security", a plug and play network security model that allows developers focus on the technology instead of spending time and resources recruiting operators to run a new Blockchain.
Learn more
Meter
Meter is a high-performance infrastructure that allows smart contract to scale and travel seamlessly across heterogeneous blockchain networks. Meter is a Layer 1 or Layer 2 blockchain protocol. The Meter system consists two tokens: MTRG (the governance token; eMTRG is an ERC20 version) and MTR (the low-volatility currency to token).
Financial assets should be able to flow freely between blockchains. Meter's HotStuff-based consensus permits 1000s of validator nosdes, making it the most decentralized Layer 2 Ethereum. Meter processes thousands upon thousands of transactions per second, and transactions are confirmed almost immediately. Meter Passport allows assets, smart contracts and smart contracts to travel and communicate across heterogeneous Blockchains for the best price and liquidity. Meter is an Ethereum compatible with unique enhancements. Meter is a Layer 2 DEX that is front-running/MEV resistant and fast.
Learn more
Truebit
Truebit is a blockchain-enhancement that allows smart contracts to securely execute complex computations in standard programming language languages at lower gas costs. Although smart contracts can correctly perform small computations, large computation tasks pose security threats for blockchains. Truebit addresses this problem by providing a trustless retrofitting oracle that correctly executes computation tasks. Any smart contract can issue a computation task via WebAssembly bycode to this oracle, while anonymous "miners," receive rewards for solving the task correctly. The protocol of the oracle guarantees correctness in two layers. There is a consensus layer where anyone can object if there are faulty solutions and an on-chain mechanism that incentivizes participation and ensures fair compensation. These components are formalized through a combination off-chain architecture and smart contracts on-chain.
Learn more
Integrations
Company Details
Company:
ParaState
Year Founded:
2020
Website:
www.parastate.io
Media
Recommended Products
Multi-Tenant Analytics Software Built for Development Teams
Qrvey saves engineering teams time and money with a turnkey solution connecting your data warehouse to your SaaS application.
Product Details
Platforms
SaaS
iPhone
iPad
Android
Type of Training
Documentation
Videos
Customer Support
Online
ParaState Features and Options
ParaState User Reviews
Write a Review- Previous
- Next