Many public blockchain networks, especially the most popular ones like Bitcoin & Ethereum, face challenges when it comes to scaling to meet enterprise-grade requirements. This limitation has hindered wider adoption of the tech, especially in certain industries. However, ParallelChain addresses this issue by offering a unique combination of private, public, and enterprise blockchain functionalities all under the same roof. This integration provides a level of flexibility that is currently lacking in public networks.
ParallelChain claims to achieve an impressive throughput of 100,000 TPS and a real-time latency of less than 0.003 seconds. These attributes make it one of the few platforms capable of rivalling the speed of the internet itself, enabling it to power a wide range of real-world applications. As a result ParallelChain has the potential to cater to many industries.
Having been in development since 2019 ParallelChain has only just recently launched and on paper this L1 blockchain appears to be very promising, and my research on it thus far has got me buying into its hype. Lets see now the project is live if the hype can be backed up and it was worth the long wait after all. Show Less
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