PChain Network Introduction
The PChain Network is an innovative infrastructure level public chain system with native support for multi-chain applications and EVM, contributing an open, scalable platform for third-party developers in the industry and making it viable for large-scale enterprise applications based on smart contracts.
It is the first native multi-chain architecture that supports EVM, with a consensus of POS based on multi-layer sharding mechanism that remarkably advances the performance of transactions.
PChain also has a new Oracle mechanism based on the knowledge graph makes it simpler to encapsulate smart contracts. The endogenous W3C-compliant smart data of the PCHAIN Network efficiently addresses the issue of non-intelligence in smart contracts and can become a significant element of smart contracts, just like the market exchange rate data from the external.
The Advantages Of PChain Network
The PChain Network is recognized as the first blockchain that promotes Smart Data, based on which knowledge graph is created, and the smart contract can be done within a closed loop. The PCHAIN Network aims to incorporate well-established tools for the blockchain community and developers to design and build applications and products in the ecosystem thereon.
Supporting large-scale transactions
When the collection of transactions of various DApp results in a significant overall scale, the scale of the similar sidechain is relatively small. Now every sidechain grows itself without changing the main chain and other sidechains.
New consensus makes computing parallelism
Under the original POW mechanism of the public blockchain, every node is involved in mining, and thus there is a high possibility to produce new blocks at the same time.
Supporting smart contract upgrade
The PCHAIN Network supports the upgrade of smart contracts through the methods above.
High fault tolerance
In developing the PCHAIN Network, the main chain just records, and errors will not occur in theory.
It is apparent to deploy a new DApp with extending a new sidechain. Under the consensus mechanism, the growing of new chain does not cause much burden.
The PAI Token
The native digital cryptographically-secured transaction token of the PCHAIN Network(PAI) is a significant element of the ecosystem on the PCHAIN Network and is intended to be used solely as the primary token on the network. The Distributor will initially distribute PAI as ERC-20 standard compliant digital tokens on the Ethereum blockchain, and these will be transferred to tokens on the PCHAIN native chain when the same is finally launched.
– PAI token is a non-refundable functional utility token which will be used as the unit of exchange between participants on the PCHAIN Network. The purpose of introducing PAI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the PCHAIN Network.
– PAI is required as virtual crypto “fuel” for using specifically designed functions on the PCHAIN Network, providing the economic incentives which will be consumed to encourage participants to contribute and maintain the ecosystem on the PCHAIN Network.
– PAI is an integral and indispensable part of the PCHAIN Network, because, without PAI, there would be no incentive for users to consume resources to engage in activities or provide services for the interest of the whole ecosystem on the PCHAIN Network.
The Group Behind PChain’s Success
A global team of internationally distinguished specialists with years of experiences in the blockchain industry directed the research, development, and management of the project to develop the PCHAIN Network.
Feng Cao(Vision & Algorithm)
Dr. Feng Cao graduated from Fudan University in Computer Science. He is the inventor of the 1stInternational Blockchain patent fromChina, the Co-Founder of ChinaLedger, the most influential blockchain alliance ofChina, the Chief Scientist of Blockchain Application Committee in China Federation of Logistic and Purchasing (The 1st Gov Association in Industry), and a Senior Fellow of the China Blockchain Research Alliance.
Haojin Lv (Architecture)
Haoijin is a Master of Computer Science with Tsinghua University. He is a blockchain technology pioneer of China and responsible for a few global blockchain projects as a team leader.
Zhanfeng Ma (Blockchain Storage and Optimization)
Zhanfeng is known as a Master of Computer Science with Xi’an Jiaotong University. He is a senior software engineer and expert of core blockchain technologies.
Kai Zheng (In-memory Data Management)
Dr. Kai Zheng is a Full Professor of Computer Science with the University of Electronic Science and Technology of China.
Completion of PCHAIN Position Paper – Mar 2018
Dewdrop Stage – Oct 2018 Complete the development of
PCHAIN central system which supports account system and deployment of smart contract, publish the technical white paper. Test net of main chain online.
River Stage – Mar 2019 Publish the product on the major network complete document of external API and wiki.
Sea Stage – Jun 2019 Expand the capabilities of knowledge graph and Data Blockchain and support external development interfaces.
Ocean stage – Sep 2019 Introduce several blockchains
application projects to form Knowledge Graph Blockchain Alliance.