The important of technology in our daily lives is undeniable. This is due to the fact that in today’s dynamic world, life without technology is meaningless. Technology, which basically refers to bringing together tools that ease creation, use and exchange of information, has a major goal of making tasks easier to execute as well as solving many mankind’s problems. As technology continues to advance and direct even more easiness in our lives, there is a need to stress how advantageous it has been to the development of block chains/ platform that is use to enhance the efficiency and security in business organization. Through these platforms/block chains, individuals are able to invest on different currencies with a small token and huge profit. Because of the similar features in blockchain technologies; they experience correlated critical issues such as network congestion and network delays. Therefore the introduction/development of parlay has help to minimize network delay and stabilize the transaction in the network. You will ask; Why does blockchain network experience network delay? It occurs when the number of transactions instantly increases in a short amount of time while the mining difficulty remains the same until retargeting next difficulty after generating a block. In other words, one can intentionally increase the number of transactions repeatedly in a short-time frame to cause network congestion and network delays. All thanks to parlay team which has helped to stop, minimize and stabilize the delay in blockchain technology and has also stabilize the transaction in network.
Parlay is a platform that is developed by professional team workers in other to enhance the efficiency of of blockchain technology. It is a project to pursue scalable blockchain solution that has Prime-Nodes to minimize block-chain network delay and user-friendly masternode. Moreover, Parlay is an event-driven to-currency which provides decentralized prediction game platform, operated by public community. Proof of Stake for consensus algorithm in order to increase and secure scalability of blockchain network. Parlay Chain embeds auto-scaling nodes which has unique node management system to stabilize the mainnet. Cryptocurrencies with masternode feature highly depends on the investor who operates masternode for comthe munity. However, managing masternode has always been challenging for non-programmers and investors hurdle from configuring their masternodes. This is the critical reason why this platform (parlay) has decided to build user-friendly ecosystem in masternode configurations. For instance, Parlay team focuses on user experience and easy management system for running a masternode. More information about the configuration methods will be presented at PrimeNodes section. parlay adopt incentive rewards to promote the network service (PrimeNodes) and to secure the network (PoS wallet). Community rewards advocate parlay proposals and voting systems to develop the fastest growing blockchain ecosystems.
If a program has a method to generate transactions in a short time to blockchain network, it could harm the network by causing stoppage of generating block for elongation ted time. Parlay team named it as blockbuster attack which is similar to DDOS attack to serve the network.
Delay due to overflowing transactions is challenging to overcome especially in Proof of Work (PoW) consensus algorithm because it requires physical hashpower to increase the transaction speed. Because mining is the concept of voluntary participation, network cannot anticipate the amount of hash-power at certain time. This is inevitable solution that Satoshi Nakamoto’s initial Bitcoin limited its maximum block size to 1mb. Limiting maximum number of transactions in a block to 1mb increases the speed of transfer block infosrmation to peer node. Therefore, the lightness of a block size helps to minimize the length of queued transactions which leads to faster synchronization between the network and peer nodes. In addition, the network problem of overflowing transactions is the critical issue on existing server client models, because each server has its physical limit to process the transaction amount. Prevalent solution in regards of the problem is to install more servers to increase its processing power. However, it is much time consuming and inefficient to install hardware and software setup in a short amount of time to respond to sudden congestion. While installing new servers to increase instant computational power to resolve the sudden congestion, this will pile up the number of unsolved transactions and result to belated responses for its live services. Because of this significant & occasional issue in the blockchain technology, Parlay team applied the auto-scaling feature to the blockchain network in other to minimize its network delay. This auto-scaling feature refers to the method that automatically increases and decreases the number of server depending on the congestion level (ie; AWS’s VPS services). This will facilitate the teams to overcome the sudden congestion and to process irregular transaction caused by increasing demands. See the image below
Parlay chain has all the futures bellow:
. pridiction gameplay(parlay.live)
. scalable blckchain solution
. primenode(users-friendly masternode)
using PAR, users will be able to propose prediction games and vote/play games base on their intrest. Follow the link bellow to learn more@ https://www.parlaychain.io/about-parlay-coin
Parlay.Live is a prediction game platform operated by the public. You are the one in control of every game in this platform. Propose your own game or vote/play for the games that interest you to get rewards from Parlay.Live. Parlay.Live lets you earn BTC/PAR pair vice versa either by operating your own game or winning a prediction game that you participate in. click the link to join@ https://parlay.live/
For more info follow the link@ https://github.com/parlaychain/parlay/files/1984478/Whitepaper.pdf
You can also contact parlay through the discord channel for your quation@ https://discord.gg/CK38myY
Send your email to [email protected]
You can follow parlay on twitter @ http://www.twitter.com/ParlayChain
Click the link bellow @ https://www.parlaychain.io/
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