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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 Lightning Network?

The Lightning Network for Bitcoin facilitates instantaneous payments, offering quick blockchain transactions that circumvent the typical wait associated with block confirmations. It boosts security through smart contracts on the blockchain, negating the requirement for distinct on-chain transactions for every payment. Users can enjoy transaction times that vary from milliseconds to just seconds. This innovative network features impressive scalability, able to manage millions or even billions of transactions every second, significantly eclipsing the capacity of conventional payment systems. Moreover, it allows payments to be tied to specific actions or clicks without relying on intermediaries. Another advantage is its cost-effectiveness, as off-chain transaction settlements lead to significantly reduced fees, enabling groundbreaking applications such as real-time micropayments. The Lightning Network also facilitates cross-chain atomic swaps that can be executed instantly and off-chain, given that the involved blockchains share the same cryptographic hash function. This capability for interoperability among various blockchain systems introduces exciting opportunities for smoother financial exchanges. With its dynamic features, the Lightning Network is set to revolutionize the way transactions are conducted in the digital realm.

Media

Media

Integrations Supported

1ML
Alchemy Pay
Bottlepay
Brave Search
Build on Bitcoin (BOB)
Coinos
Eclair Mobile
Electrum
Fountain
Leather
Mash
Mutiny Wallet
SimpleFX
Snort
Speed
Substrate
Telegram
Xverse
lntxbot

Integrations Supported

1ML
Alchemy Pay
Bottlepay
Brave Search
Build on Bitcoin (BOB)
Coinos
Eclair Mobile
Electrum
Fountain
Leather
Mash
Mutiny Wallet
SimpleFX
Snort
Speed
Substrate
Telegram
Xverse
lntxbot

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

Lightning Network

Date Founded

2015

Company Website

lightning.network/

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