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Paralink Network Price (PARA)
$0.00140545
4.02%
Paralink Network Price Chart (PARA/USD)
Last updated 22 Jun 2022, 09:12AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Gate.io |
PARA / USDT | $0.00120001 | 0.87% | $25,955 | |
| 2 |
 Kraken |
PARA / USD | $0.01100000 | 3.32% | $9,323 | |
| 3 |
Kraken |
PARA / EUR | $0.01749009 | 1.92% | $5,568 | |
| 4 |
 XT.COM |
PARA / USDT | $0.00017596 | 0.06% | $696,100 | |
| 5 |
 BitMart |
PARA / USDT | $0.00018469 | 8.01% | $112,448 | |
| 6 |
 Hotbit |
PARA / USDT | $0.00120941 | 3.36% | $35,328 | |
| 7 |
 LATOKEN |
PARA / USDT | $0.00125084 | 0.50% | $34,680 | |
| 8 |
 Digifinex |
PARA / USDT | $0.00000014 | 76.85% | $2 |
PARA Price Statistics
- Paralink Network Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $410
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$0 -99.21%
May 25, 2021 -
All-Time Low
$0 19.82%
Jun 18, 2022
Paralink Network: The Future of Decentralized Oracles
Introduction
Decentralized finance (DeFi) has been gaining immense popularity in recent years, but it still faces a major obstacle - the lack of reliable and accurate data. Paralink Network aims to solve this problem by providing a decentralized oracle platform that ensures trustless, tamper-proof data feeds for DeFi applications.
What is Paralink Network?
Paralink Network is a blockchain-agnostic oracle platform designed to securely retrieve and deliver off-chain data to on-chain applications. In simpler terms, it acts as a bridge between real-world data and blockchain networks, making it possible for smart contracts to interact with external data sources.
How does Paralink Network work?
Paralink Network utilizes a unique consensus algorithm known as Parachain Consensus (PCE). This consensus mechanism ensures the accuracy and reliability of the data by aggregating multiple data sources and performing extensive cross-validation.
Developers can create custom query templates using Paralink Query Language (PQL) to fetch specific data from various sources. These templates are executed by node operators known as Parachain Heartbeats (PHBs). PHBs perform consensus on the retrieved data, ensuring its integrity before delivering it to the requesting application.
The Benefits of Paralink Network
1. Accuracy: Paralink Network ensures high data accuracy by aggregating data from multiple sources and cross-validating it through consensus. This makes it highly reliable for DeFi applications.
2. Flexibility: Developers can create custom query templates using PQL, allowing them to fetch specific data depending on the requirements of their applications. This flexibility expands the use cases of Paralink Network beyond DeFi.
3. Speed: Paralink Network leverages parallel processing to fetch and deliver data in a fast and efficient manner. This ensures that smart contracts can access real-time data without any delays.
4. Cost-effective: By utilizing the power of blockchain oracles, Paralink Network eliminates the need for third-party intermediaries. This reduces costs and improves the transparency of data feeds.
Conclusion
Paralink Network is revolutionizing the DeFi landscape by providing a decentralized oracle platform that ensures accurate and trustworthy data feeds. With its unique consensus mechanism and flexible query language, developers can integrate real-world data into blockchain applications seamlessly. Paralink Network is undoubtedly at the forefront of bridging the gap between DeFi and the external world.