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PARSIQ Partners with Multi-Chain Smart Contract Platform ParaState

PARSIQ is proud to announce that we will be backing ParaState in the latest private fundraising round and integrating PARSIQ Technology so ParaState Ecosystem participants can utilize PARSIQ’s unique real-time data streaming and processing.

What is ParaState?

Known as Ethereum on steroids, ParaState is a multi-chain smart contract platform bridging the application and developer ecosystem between Polkadot, Substrate and Ethereum, as well as other networks wanting to provide high performance Ethereum compatibility. While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, Ethereum-flavored WebAssembly. These two infrastructures are ensured to talk to each other and share the same account system on ParaState.

PARSIQ + ParaState

Integrating PARSIQ’s Smart Trigger and Monitoring Technology, ParaState Network joins the list of supported blockchains and will unlock a new world of possibilities for developers and companies looking to build within the ParaState ecosystem. Furthermore, ParaState is looking to utilize PARSIQ Monitoring for both DeFi/Gaming applications and analytics in their own ecosystem.

PARSIQ and ParaState users will be able to take advantage of PARSIQ’s no code editor, or developers can use ParsiQL to build comprehensive, custom queries and workflows! More explicitly, this will allow users to:

  • Stream blockchain data to user-facing front-ends
  • Track events like swapping, lending and staking
  • Monitor pools for large deposits/withdrawals
  • Monitor transactions across wallets
  • Monitor your own wallet for incoming or outgoing transactions
  • Monitor transactions across ETH/BSC gateway
  • Track abnormal blockchain activity to identify arbitrage opportunities

About ParaState

ParaState has officially launched its public testnet, Plato, currently running as a standalone Substrate blockchain. Plato is the first production-ready public testnet featuring both EVM and EWASM. By bringing in LLVM standards to support 20+ programming languages to create Ethereum-compatible smart contracts, ParaState is unifying a larger developer community to boost cross-chain interoperability and enabling them to surf in the highly optimized industrial standard infrastructure while exploring brand new possibilities at the Ethereum frontier. ParaState is prioritizing and emphasizing fast execution and delivery of novel research on production while committing to radical transparency and open-source values on our development journey.

The ParaState Ewasm infrastructure is based on the WasmEdge runtime. Originally co-created by the ParaState team, WasmEdge has recently been accepted as an official sandbox project by the CNCF (Cloud Native Computing Foundation). WasmEdge represents the synergy between the cloud native (centralized cloud) and blockchain (decentralized cloud) runtimes and toolings. It will enable ParaState to bring the much larger cloud computing developer community to blockchains.

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PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ technology is a proprietary ParsiQL programming language that allows users to monitor and interpret an endless stream of data on the blockchain; thus, it’s possible to monitor traders and ordinary users’ wallets.

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