Tag: parastate

Jun 24 2021

ParaState Extends its POLIS Ambassador Program

The month of June was a spectacular and rewarding month for the entire ParaState ecosystem. Several exciting events took place on the Proof-of-Stake (PoS) platform - ParaState. Events like the extension of its POLIS ambassador program. The list of its top ten testnet validators has also been published. Also, ParaState this month rewarded several members of its community (Citizens and...

May 28 2021

Best Ethereum Layer 2 Solutions

Despite being six years old today, Ethereum, in all its glory, is still facing issues like scalability and pocket-burning gas fees. The network can address these concerns via two options - sharding and Layer 2 (L2) solutions. Though the network is trying hard to incorporate a sharding scaling solution on ETH 2.0, it remains a distant dream as the team is...

Apr 26 2021

ParaState | Layer 2 Ethereum On Steroids!

Apr 26 2021 Published at Altcoin Buzz under tags  altcoin projects evm layer 2 parastate

Unlike its predecessors, Ethereum aims to serve as a general purpose computing platform that can make entirely new forms of applications possible. However, over the past years, the crypto community has seen smart contracts deployed on the network subverted by various exploits and bugs. For example, the DAO exploit, the Parity multi-sig wallet bug, and more. While the blame for the preponderance of...

Apr 18 2021

ParaState Community Update: Testnet Launch, Ambassadorship Program

ParaState, the project that aims to extend the frontier of Ethereum, has released details of several exciting updates that took place between March 15 and April 15, 2021. These updates, according to the ParaState newsletter, include the launch of its Web 3 multi-chain platform, its Polis ambassadorship program, etc. All of these...

Apr 14 2021

ParaState Completes $5 Million Fundraising Event

ParaState is popularly known as a multi-chain smart contract platform focused on ensuring substrate-based blockchains are compatible with the Ethereum chain. The platform recently announced the completion of a strategic fundraising event where it raised $5 million. The funding round was led by KNS Group. This fundraising event closely follows the...

Mar 23 2021

ParaState – The ETH – DOT Ecosystem Bridge Testnet is Live!

ParaState, the project that aims to become a Polkadot parachain and extend the frontier of Ethereum with substrate framework announced an important milestone. According to the information shared with Altcoin Buzz, ParaState’s first public testnet is live. The public testnet named Plato went live on 22 March. Furthermore, the testnet warm-up period will give future ParaState users an opportunity to verify what the...

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