PCHAIN Opens PANDA Plan Signups For Dynamic Super Node Activity
PCHAIN Releases Signups For PANDA Plan
Behind the glitz and the glitter of the mainstream projects which continue to dominate the blockchain and cryptocurrency markets, some companies are working overtime to try to solve some of the complex backend problems which have always served as the foundation of successful blockchain-based projects operating within the new and exciting market.
The blockchain community is especially unique in the proportion of investors and developers who are not only acquainted with, but are deeply interested in the technology that underscores their products, projects, and ideas.
Among these giants in the backend of blockchain, there are few companies causing as big of a stir as PCHAIN. Founded around one year ago by a renowned award-winning professor from Singapore, the company employs hundreds of professionals in innovative blockchain technology, has published 100 papers and hundreds of patents on the international stage.
Working with their team of distinguished scientists, PCHAIN also worked in the creation of the famous Ethereum Technology Details and Practices, a guidebook to the revolutionary Ethereum blockchain’s tech which is even endorsed by the founder of the platform, Vitalik Buterin.
The company is working on their biggest innovation yet, it seems. PCHAIN itself is a revolutionary concept within the blockchain community. It serves as the first system able to support the running of applications on the EVM, or Ethereum Virtual Machine. Additionally, this system is unique in its ability to operate programs simultaneously and effectively between parent and child chains on its blockchain. Because of this interoperability factor, PCHAIN is able to significantly reduce server costs, as well as power and memory costs.
Aside from the reduction of key costs of operation and energy requirements, the PCHAIN setup is an incredibly sophisticated innovation with several notable benefits. For one, the algorithm associated with the consensus process reduces communication costs significantly, bringing a theoretical communication cost down from N^2 to N.
Further, the system integrates a dynamic super node usage, which operates as the first functional PoS reward-based system. This configuration helps to solve the Matthew Effect problem, which is a major problem when trying to secure fairness, as well as stability, within the system.
Finally, PCHAIN uses both smart data and smart contracts, successfully integrating non-native tokens in the execution process and continually addressing major issues within the system as they arise.
PANDA Super Node
The new PANDA configuration on the original system will be one of the most aggressive and innovative undertakings by the PCHAIN team of scientists and developers. PANDA will feature what the company refers to as an “Executive Bidding Mining” mode, which would allow participants to grab onto annual returns of up to 10%.
At its core, the executive node bidding system will allow participants to stake coins in exchange for the opportunity to mine and verify transactions on the blockchain. This not only helps to incentivize the verification process—which is essential to the functionality and trust of the blockchain system—but it will also provide a sort of screening process to the miners who want to participate in the process.
As it stands, the sign-up process for these super executive nodes will end on September 22nd of this year, and it sign-ups remain open to all who are willing to stake over 100,000 PAI.