About Paralink Network
Next generation Oracle system built on Polkadot.
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Market Stats
Market Cap
Not enough data
FDV
$264,448.73
Circulating Supply
Not enough data
Max Supply
1,000,000,000 PARA
Total Supply
1,000,000,000 PARA
Diluted Valuation
$11,485.20
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$14,061.23
-0.74%
Volume (7D)
$177,359.97
Volume (30D)
$402,811.57
All time high
$0.20
Overall Price Change (1Y)
-0.72%
Additional info about Paralink Network
Recent trends
The price of Paralink Network has increased by 0.14% in the last hour and decreased by 0.27% in the past 24 hours. Paralink Network’s price has also risen by 4.17% in the past week. The current price is $0.000264 per PARA with a 24-hour trading volume of $14.06K. Currently, Paralink Network is valued at 99.86% below its all time high of $0.20. This all-time high was the highest price paid for Paralink Network since its launch. The current circulating supply of Paralink Network is 0 PARA which means that Paralink Network has as total market cap of $0.00.
Market details
PARA vs markets
↘ 75.29%
PARA vs BTC
↘ 78.63%
PARA vs ETH
↘ 45.53%
Tags
substrate
polkadot
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x3a8d5BC8A8948b68DfC0Ce9C14aC4150e083518c | |
BNB Smart Chain | 0x076DDcE096C93dcF5D51FE346062bF0Ba9523493 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000264 | ↘ 0.27% |
1 Day | $0.000265 | ↘ 0.27% |
1 Week | $0.000254 | ↗ 4.17% |
1 Month | $0.000303 | ↘ 12.77% |
1 Year | $0.000945 | ↘ 72.01% |
FAQ
Paralink Network describes itself as an open-source oracle solution for most popular blockchains. Paralink Network claims that they offer an open-source and decentralized oracle platform for Polkadot, Ethereum, Binance Smart Chain, and other popular blockchains. Paralink Network aims to gather, validate, combine, and interpolate real-world datasets before feeding them into Ethereum and Polkadot smart contracts.
The whitepaper mentions that smart contracts are unquestionably effective in storing and verifying immutable data. However, their applications were previously minimal. The fundamental reason for this is that most blockchains are unaware of what is happening in the real world and cannot access data that is not native to the chain. Therefore, this covers data accessible via APIs and data available on the regular web. While numerous attempts have been made to solve this, the present methods are too costly and brittle to be usable on a large scale.
Paralink intends to solve this challenge by offering a secure real-world data ingress for existing cross-chain apps. The self-organizing relayer quorums that source, collect, and validate real-world information are the fundamental design principle in Paralink.
Developers may query data such as real-world events, sports, weather, random numbers, and more using Paralink's flexible node design. Developers may use Paralink Query Language to develop bespoke queries and connect smart contracts to standard web APIs in minutes.
The Paralink on-chain consensus mechanism, which runs on Polkadot Substrate, may be used by applications that demand the highest level of security. This makes coordination far less expensive than if the exact calculation were performed on Ethereum. Entropy as a service from Paralink delivers high-quality hardware-based unpredictability.
The native token of the platform is PARA. PARA is an incentive token that is used for on-chain governance and coordination. PARA is used to cover call-back gas charges on third-party blockchains. Adding PARA to a data request transaction as a charge is also a way for a quorum to be rewarded for prioritizing the query. Relayer quorums are self-organizing Paralink Node operators tasked with fulfilling data requests.
Paralink Network was founded in 2020. The total supply of PARA is 1 billion coins.
We update our Paralink Network to USD currency in real-time. Get the live price of Paralink Network on Coinbase.
The current market cap of Paralink Network is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Paralink Network is $0.20. This all-time high is highest price paid for Paralink Network since it was launched.
Over the last 24 hours, the trading volume of Paralink Network is $14.06K.
Assets that have a similar market cap to Paralink Network include Animal Concerts, UFORIKA, Matrix One, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Paralink Network is 0.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.