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Oracle platform for cross-chain DeFi applications bridging real-world data.
Paralink Network exists to bridge the gap between real-world data and blockchain applications, positioning itself as a vital infrastructure project within the Web3 economy. Built to cater primarily to the decentralized finance sector, especially within the Polkadot ecosystem, this oracle platform offers multi-faceted solutions to the prevalent oracle problem. This problem concerns integrating off-chain data into on-chain smart contracts, an essential feature for the accurate functioning of most blockchain applications. With a robust reliance on the Polkadot Substrate framework for building decentralized data ingress and data validation capabilities, Paralink Network facilitates the development of more complex, secure, and scalable applications through its well-crafted technical architecture. Paralink's technology relies on the Paralink node, an open-source tool that enhances data accessibility to blockchain applications. This node is a core component that manages data through collection, validation, and aggregation from various protocol formats like JSON, HTML, XML, SQL, offering developers an innovative query language, the Paralink Query Language. PQL serves as a customized tool d...
Paralink Network exists to bridge the gap between real-world data and blockchain applications, positioning itself as a vital infrastructure project within the Web3 economy. Built to cater primarily to the decentralized finance sector, especially within the Polkadot ecosystem, this oracle platform offers multi-faceted solutions to the prevalent oracle problem. This problem concerns integrating off-chain data into on-chain smart contracts, an essential feature for the accurate functioning of most blockchain applications. With a robust reliance on the Polkadot Substrate framework for building decentralized data ingress and data validation capabilities, Paralink Network facilitates the development of more complex, secure, and scalable applications through its well-crafted technical architecture. Paralink's technology relies on the Paralink node, an open-source tool that enhances data accessibility to blockchain applications. This node is a core component that manages data through collection, validation, and aggregation from various protocol formats like JSON, HTML, XML, SQL, offering developers an innovative query language, the Paralink Query Language. PQL serves as a customized tool developers can use to fetch and handle data from traditional APIs, databases, and other blockchain networks, fostering seamless interoperability across chains. This dual operational mode – single nodes or quorum groups for data ingress – provides a substantial boost to both security and reliability. With features such as entropy-as-a-service for generating secure randomness and potential decentralized storage integration via IPFS, Paralink expands its utility beyond conventional oracle tasks. Intellectual growth within the Web3 sphere is evident by Paralink's desire to engage any public blockchain, aiming for a comprehensive and universally adaptable data solution critical for DeFi applications.
ParaLink Network is a multi-chain oracle platform designed for DeFi and various blockchain applications. Utilizing the Polkadot Substrate, ParaLink offers real-time data feeds, cross-chain consensus, and a query interface for intricate data processing. It supports functionalities such as price feeds, event data access, and complex computations from off-chain data sources, essential for enabling smart contracts across multiple blockchains.
ParaLink uses the Paralink Query Language (PQL) to enhance data access for blockchains. PQL allows developers to query SQL databases, access web APIs, scrape websites, and retrieve data from other blockchains. This process is enhanced by validation, aggregation, and interpolation rules stored on IPFS, enabling custom data sources and rules without permission, securing robust and reliable data access.
ParaLink is built on Polkadot and uses the Substrate stack, providing cost-effective high-frequency data execution compared to Ethereum's high gas fees and low throughput. It ensures data integrity with a decentralized network of validators and cryptographic techniques, offering scalable and customizable oracle solutions to securely access off-chain data and computations for real-world applications in DeFi and beyond.
ParaLink's oracle solution features include scalability, reliability, and customization. It supports diverse use cases, from price feeds to complex data computations, by featuring real-time data feeds and cross-chain consensus enabled by the Polkadot substrate. This facilitates accurate off-chain data access for smart contracts in ecosystems like DeFi and gaming, ensuring data reliability with a network of validators.
ParaLink stands out with its use of Polkadot Substrate, offering high throughput, cost-effective data retrieval capabilities, and real-time consensus. Its query language, PQL, provides powerful data processing features while supporting cross-chain applications with secure off-chain data access, outperforming alternatives with its validation, aggregation, and interpolation rules stored immutably on IPFS.
ParaLink ensures security and reliability through a decentralized network of validators and advanced cryptographic techniques. For high-security applications, such as real-time price feeds, it employs reputable relayers with on-chain consensus algorithms. These mechanisms enable secure data validation and interpolation, maintaining data integrity essential for DeFi markets and luck-based games requiring hardware-based entropy.
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