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What is ParaState?

Develop Ethereum-compatible smart contracts using a range of popular programming languages and execute them at much higher speeds on Substrate. This project follows a decentralized, open-source business model funded by developer treasuries from various participating blockchains. Current Ethereum smart contracts can effortlessly run on ParaState’s Ewasm VM (Pallet SSVM) without any need for alterations. By accommodating over 20 programming languages, ParaState significantly boosts the developer ecosystem for Ethereum-compatible smart contracts. This broad support includes popular languages such as Solidity, Fe, Rust, and JavaScript, as well as domain-specific languages (DSLs) like MOVE, DeepSEA, and Marlowe. Substrate-based blockchains, particularly those within the Polkadot network, achieve a much higher transactions per second (TPS) rate than Ethereum. Nonetheless, for a smart contract platform, the focus is placed more on the efficiency of compute performance than on TPS throughput. By deploying smart contracts on ParaState, developers can experience these benefits and unlock enhanced capabilities that can transform their applications in real-time. Embrace the future of blockchain technology and explore the possibilities offered by this innovative platform.

What is Hermez?

Hermez represents a groundbreaking open-source ZK-Rollup that is tailored to enable secure, affordable, and user-centric token transfers on the Ethereum network. Seamlessly integrating with Ethereum's ecosystem, it champions low-cost token transactions to create a more inclusive financial landscape. The platform is designed for economical token transfers and trading, showcasing remarkable throughput capabilities. Built upon a decentralized and open-source foundation, it guarantees computational integrity for secure transactions. Utilizing zero-knowledge technology, Hermez dramatically reduces transfer costs, enhancing access to financial services and laying the groundwork for widespread acceptance. The trustworthiness of computations and the reliability of on-chain data are maintained through zero-knowledge-proof technology, all while preserving the core public blockchain features of Ethereum. Hermez aspires to create a robust and highly efficient payment network that accommodates the forthcoming wave of digital currencies, ensuring that everyone can participate in financial exchanges. By emphasizing accessibility and efficiency, Hermez is poised to transform our understanding and execution of financial transactions in the evolving digital landscape, making it easier for individuals to engage in the economy. Its innovative approach may inspire other projects to follow suit in enhancing transaction processes across various platforms.

Media

Media

Integrations Supported

Ethereum
Telegram
Brave Browser
Brave Search
MetaMask
Substrate
Uniswap

Integrations Supported

Ethereum
Telegram
Brave Browser
Brave Search
MetaMask
Substrate
Uniswap

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ParaState

Date Founded

2020

Company Website

www.parastate.io

Company Facts

Organization Name

Hermez

Date Founded

2020

Company Website

hermez.io

Categories and Features

Categories and Features

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